720 Salem St, Glendale, CA 91203
List Price: $3,200,000
On market
On marketJul 1, 20256,680 sqft8 beds16 baths
Listed by: Arash Salehpour
License #: 02213984
Phone #: 310-567-8883
Tosti Incorporated
Source:
MLS #: 25559697
Property Description
6.3% CAP Rate. 16-unit bungalow-style apartment building situated on a large lot in prime Glendale. Listing price is under market value, offering strong upside potential for the right investor. All units are fully leased on month-to-month terms, allowing flexibility for repositioning. Property features classic California bungalow charm with potential to add private patios. Great unit mix and solid income-producing asset in a high-demand rental market. Close to schools, shopping, and transportation. 8% increase added to rent in October. Open to 1031 Exchange. Showings scheduled after offer is submitted. Drive-by only.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$37,650
TurboHome Estimated Value
$2,855,000
$427 sqft
High Valuation
$2,997,750
$449/sqft
Normal Valuation
$2,855,000
$427/sqft
Low Valuation
$2,712,250
$406/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $427/sqft | $2,855,000 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
Loading map...
No comparable properties found in this area.
Nearby Listings
No similar properties found in the area
Looking for properties within 5 miles with similar price and features
How it Works
1
Meet your local TurboHome agent
We match you with an in-house licensed real estate agent who knows your market
2
We support your home-buying journey
Everything you'd expect your agent to do: touring, analysis, coaching, offers, negotiations, and closing
3
You get big savings
You split the commission with your agent 50/50, saving you thousands compared to a traditional agent
