720 Salem St

6.15% CAP Rate (updated rate after October increase) .

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% added to rent from starting October. Open to 1031 Exchange. Showings scheduled after offer is submitted. Drive-by only.

This home located at 720 Salem St is currently active and has been available on pardeeproperties.com for 106 days. This property is listed at $3,200,000. It has 16 beds and 16 bathrooms. The property was built in 1950. 720 Salem St is in the Glendale-South of 134 Fwy community of County.

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