720 Salem Street

Glendale, CA 91203

$3,295,000
Price
—
Beds
6,680 Sq. Ft.
$493 / Sq. Ft.
6,680
Sq. Ft.
$493
per Sq. Ft.

Description

Glendale Multi-unit for sale, 16 single story bungalow style units. All fully leased, under market value. Huge upside for the right investor.Glendale Multi-unit for sale, 16 single story bungalow style units. All fully leased, under market value. Huge upside for the right investor.
  1. Listed by Sid Salehpour • DRE #01296541 • Brokerage DRE #01927637 • REALTY MASTERS & ASSOCIATES • ssidsall@hotmail.com

Property Details for 720 Salem Street

Total Units
13.0
Lot Size Source
Assessor
Building Area Total
6680
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Parcel Number
5638006007
Area
Glendale-South of 134 Fwy (628)
LISTING UPDATED: 03/05/2024 05:24 AM

Property Details for 720 Salem Street

StatusActive
MLS #CV24045059
Days on Market291
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1950
Lot Size0.36 AC / 15,782 SF
CountyLos Angeles County

Building Information for 720 Salem Street

Stories1Residences-Year Built1950Building Size-Lot Size0.36 AC / 15,782 SF

Property Information for 720 Salem Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $230,460
  • Vacancy Allowance: 0
  • Net Operating Income: $173,184
  • Laundry Income: $3,600
Expense Details
  • Operating Expense: $57,276
  • Expense Year: $57,276
  • Electric Expense: $19,020
  • Insurance Expense: $7,536
  • Trash Expense: $6,720
  • Real Estate Tax Expense: $9,027
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Land/Lot Info
  • Lot Features: 16-20 Units/Acre, Corner Lot, Lot 10000-19999 Sqft
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,400
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: I bed 1 bath
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,200
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 10
  • Unit Type Description: I bed 1 bath
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,400
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 11
  • Unit Type Description: I bed 1 bath
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,275
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 12
  • Unit Type Description: I bed 1 bath
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,400
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 13
  • Unit Type Description: I bed 1 bath
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,275
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: I bed 1 bath
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,275
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
  • Unit Type Description: I bed 1 bath
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,165
  • Unit Type Area: 375
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
  • Unit Type Description: Studio
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,275
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
  • Unit Type Description: I bed 1 bath
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,275
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 6
  • Unit Type Description: I bed 1 bath
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,275
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 7
  • Unit Type Description: I bed 1 bath
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,170
  • Unit Type Area: 375
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 8
  • Unit Type Description: Studio
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,400
  • Unit Type Area: 432
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 9
  • Unit Type Description: I bed 1 bath

Property History for 720 Salem Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 720 Salem Street

Taxable ValueLand$685,411Additions$595,222Total$1,280,633
Tax Record2024$15,130 ($1,261 / month)
Home Facts
Total Finished SqFt6,680 SqFtAbove Grade Finished SqFt6,680 SqFtLot Size15,777 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningGLR4P*CountyLOS ANGELESAPN5638-006-007

Schools near 720 Salem Street

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Columbus Elementary School
Public - K to 5
Eleanor J. Toll Middle School
Public - 6 to 8
Herbert Hoover High School
Public - 9 to 12
Thomas Edison Elementary School
Public - K to 6
Rating
School
Distance
Columbus Elementary School
PublicK to 5

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Thomas Edison Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 720 Salem Street, Glendale, CA 91203

720 Salem Street is a multi-family home for sale in Glendale, CA 91203. This property was listed for sale on March 5, 2024 by REALTY MASTERS & ASSOCIATES, it's currently listed at $3,295,000. This listing's school district is Glendale Unified School District. Nearby schools include Columbus Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 720 Salem Street is a 0-bed, 0-bath, 6,680 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALTY MASTERS & ASSOCIATES, Sid Salehpour, DRE #01296541

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.