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    720 Salem St Glendale, CA 91203

    New
    For Sale
    $3,200,000

    MULTI_FAMILY - Glendale, CA

    Property size:
    6,680 SF
    Lot size:
    0.36 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 720 Salem St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    GLR4P*
    Rooms
    Bedroom 8, Bedroom 10, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 13, Bathroom 16, Bathroom 10, Bedroom 6, Bedroom 15, Bathroom 3, Bedroom 9, Bathroom 13, Bathroom 7, Bathroom 8, Bathroom 11, Bedroom 12, Bedroom 16, Bedroom 7, Bedroom 4, Bathroom 5, Bathroom 15, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 5, Bathroom 12, Bathroom 14, Bedroom 3, Bathroom 9
    Bedrooms
    16
    Bathrooms
    16
    APN
    5638-006-007
    Parking features
    On Street
    Size
    6,680 SF
    Lot size
    0.36 Acres

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    16

    Del Rey Urban (310) 315-7226 [email protected]

    Listing agent Arash Salehpour (310) 567-8883 License #02213984

    Listing date Dec 3, 2025

    MLS# 25559697 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glendale Multifamily Investment Opportunity

    This 16-unit bungalow-style apartment building is situated on a large lot in Glendale. The property, totaling 6,680 square feet on a 0.3623-acre lot, presents a residential income opportunity. The building is zoned GLR4P*. The property features classic California bungalow charm with potential to add private patios. All units are fully leased on month-to-month terms, allowing flexibility for repositioning. The unit mix provides a solid income-producing asset in a high-demand rental market. It is close to schools, shopping, and transportation. The listing price is under market value, offering strong upside potential for the right investor. The property is open to a 1031 Exchange. The property's capitalization rate is 6.15%, updated after the October increase, with 8% added to rent starting in October.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.270844
    Latitude
    34.148583

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    FAQs

    What type of property is this?
    Apartment building - 16-unit bungalow-style apartment building in prime Glendale location.
    Where is this apartment building located?
    The property is located at 720 Salem St Glendale, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - High 6.15% CAP Rate offers strong investment return.; - Listing price is under market value, providing significant upside potential.; - Prime Glendale location in a high-demand rental market.
    (310) 567-8883
    Request Owner's contact information
    720 Salem St Glendale, CA 91203
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    Glendale, CA 91203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    720 Salem St Glendale, CA 91203
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