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.
Listed by Arash Salehpour
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License #02213984
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Tosti Incorporated
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310-803-6078
Last updated December 03, 2025
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Source: CRMLS #25559697
Listing Facts
TypeMulti-family
NeighborhoodVineyard
Bedrooms16
Days on Prevu163
Size6,680 sqft
Price per sqft$479
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$3,200,000
10/22/2025
Status changed to Removed from Feed
$3,200,000
10/04/2025
Status changed to Active
$3,200,000
10/03/2025
Status changed to Removed from Feed
$3,200,000
10/02/2025
Status changed to Active
$3,200,000
10/01/2025
Status changed to Removed from Feed
$3,200,000
09/20/2025
Status changed to Active
$3,200,000
09/19/2025
Status changed to Removed from Feed
$3,200,000
09/18/2025
Status changed to Active
$3,200,000
09/17/2025
Status changed to Removed from Feed
$3,200,000
09/16/2025
Status changed to Active
$3,200,000
09/14/2025
Status changed to Removed from Feed
$3,200,000
09/14/2025
Status changed to Active
$3,200,000
09/12/2025
Status changed to Removed from Feed
$3,200,000
09/12/2025
Status changed to Active
$3,200,000
09/05/2025
Status changed to Removed from Feed
$3,200,000
09/05/2025
Status changed to Active
$3,200,000
09/04/2025
Status changed to Removed from Feed
$3,200,000
09/01/2025
Status changed to Active
$3,200,000
08/29/2025
Status changed to Removed from Feed
$3,200,000
07/01/2025
Listed by Tosti Incorporated
$3,200,000
Property Details for 720 Salem Street
Association
Amenities
Pets Allowed: No
Exterior
Construction
Number Of Units Total: 16
Stories: 1
Stories Total: 1
Year Built: 1950
Architectural Style: Bungalow
Entry Location: Main Level
Measurements
Building Area Total: 6,680
Lot Size Acres: 0.36
Lot Size Area: 15,782
Lot Size Square Feet: 15,782
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.14
Gross Income: $278,112.00
Taxes
Parcel Number: 5638006007
Interior
Measurements
Living Area: 6,680
Rooms
Bathrooms Total Integer: 16
Bedrooms Total: 16
Parking
Parking
Parking Features: On Street
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Sewer: Other
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 16 bedrooms in this multi-family home at 720 Salem Street.
How does 720 Salem Street compare to other multi-family homes in Vineyard?
This multi-family home is listed 27% above the average price for multi-family homes in Vineyard and has been on the market for 91 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 6,680 sqft.
720 Salem Street is a 16-bedroom multi-family home for sale in Glendale CA 91203. Available on Prevu for 163 days at $3,200,000. This residence features 6,680 square feet of living space, located in Vineyard. The median listing price for multi-family homes in this area is $1,600,000. The home offers private outdoor space. Browse more multi-family home listings in Glendale.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.