720 SALEM STREET, GLENDALE CA 91203
- 6,680 sq.ft.
- 15,782 sq.ft. lot
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.
Listing Courtesy of Arash Salehpour, Tosti Incorporated
Interior Features
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