720 Salem St
Description
- Listed by Arash Salehpour • DRE #02213984 • Brokerage DRE #01972182 • Tosti Incorporated
Property Details for 720 Salem Street
Property Details for 720 Salem Street
| Status | Sold |
|---|---|
| MLS # | 25559697 |
| Days on Market | 170 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1950 |
| Lot Size | 0.36 AC / 15,782 SF |
| County | Los Angeles County |
Location
Sold By Remax Optima, Pakrad Markarian, DRE #00952259
Building Information for 720 Salem Street
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$16,859 per month
30 year fixed, 6.15% Interest
$15,596
$1,263
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1Property Information for 720 Salem Street
- Number Of Units: 16
- Pets Allowed: No
- Amenities: None
- Senior Community: No
- Year Built Source: Vendor Enhanced
- Number Of Stories: 1
- Number Of Buildings: 1
- Type Of Units: 16 Apartment
- View: No
- View Description: None
- View: None
- Security Features: None
- Water: Public
- Sewer: In Street
- Water Heaters: Yes
- ADA Compliance: No
- Water Heater Features: Tankless
- Disclosures: None
- Listing Type: Exclusive Right To Sell
- Service Level: Full Service
- Scheduled Actual: Actual
- Gross Operating Income: $258,123
- Net Operating Income: $196,428.00
- Gross Income: $278,112
- Cap Rate: 6.14%
- Gross Rent Multiplier: $12.48
- Actual Annual Gross Rent: $256,380.00
- Other Income1: $276,621.00
- Laundry Income: $1,743
- Actual Rent Total: $21,365.00
- Owner Pays: Water
- Total Annual Expense: 81684
- Gas Expense: $840
- Electric Expense: $13,200.00
- Trash Expense: $5,244.00
- Tax Expense: $38,400
- Management Expense: $24,000.00
- Land Lease Type: Fee
- Land Lease: No
- Lot Acreage: 0.3623
- Lot Size Square Feet: 15782
- Lot Location: None
- Parking Garage: On street
- Total Parking: 0
- Parking Features: Street
- Levels: One
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Window Unit(s)
- Cooling Type: Window Unit(s)
- Heating: Wall
- Heating Type: Wall
- Equipment: None
- Interior Features: None
- Cooking Appliances: None
- Laundry: Laundry Area
- Disability Access: None
- Pool: No
- Private Pool: No
- Pool Description: None
- Pool Features: None
- Spa: No
- Spa: None
- Tennis: No
- Tennis Court: None
- Sprinklers: None
- Patio Features: None
- Entry Location: Main Level
- New Construction: No
- Foundation Details: None
- Other Structural Features: Full Copper Plumbing
- Other Structures: None
- Entry Date: 07-01-2025
- Rent Control: No
- Tenant Pays: Gas, Electricity
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,512.00
- Unit Actual Rent: $1,512.00
- Unit Projected Rent: $1,600.00
- Like Units: 4
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,485.00
- Unit Actual Rent: $1,485.00
- Unit Projected Rent: $1,550.00
- Like Units: 7
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,361.00
- Unit Actual Rent: $1,361.00
- Unit Projected Rent: $1,400.00
- Like Units: 1
- Unit Beds: 0
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,361.00
- Unit Actual Rent: $1,361.00
- Unit Projected Rent: $1,400.00
- Like Units: 1
- Unit Beds: 0
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,300.00
- Unit Actual Rent: $1,300.00
- Unit Projected Rent: $1,400.00
- Like Units: 1
- Unit Beds: 0
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,350.00
- Unit Actual Rent: $1,350.00
- Unit Projected Rent: $1,450.00
- Like Units: 1
- Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
- Assessed Improvement Value: $595,222.00
- Assessed Improvement Percent: 46.48
- Assessed Land Value: $685,411.00
- Assessed Land Percent: 53.52
- Assessed Total Value: $1,280,633.00
Property History for 720 Salem Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 18, 2026 | Sold CLAW #25559697 | $3,200,000 | — |
| Feb 18, 2026 | Sold CRMLS #25559697 | $3,200,000 | — |
| Jan 29, 2026 | Sold (Public Record) Public Record #1928858862 | $3,200,000 | — |
| Dec 18, 2025 | Pending CRMLS #25559697 | — | |
| Dec 18, 2025 | Pending CLAW #25559697 | — | |
| Dec 18, 2025 | Accepting Backup Offers CRMLS #25559697 | — | |
| Dec 18, 2025 | Accepting Backup Offers CLAW #25559697 | — | |
| Jul 1, 2025 | Listed (Active) CRMLS #25559697 | $3,200,000 | — |
| Jul 1, 2025 | Listed (Active) CLAW #25559697 | $3,200,000 | — |
| Apr 24, 2025 | Withdrawn / Cancelled CRMLS #CV25020694 | $3,295,000 | — |
| Apr 24, 2025 | Withdrawn / Cancelled CLAW #CV25020694MR | — | |
| Apr 24, 2025 | Withdrawn / Cancelled CRMLS #CV24045059 | $3,295,000 | — |
| Jan 30, 2025 | Listed (Active) CRMLS #CV25020694 | $3,295,000 | — |
| Jan 28, 2025 | Listed (Active) CLAW #CV25020694MR | $3,295,000 | — |
| Mar 5, 2024 | Listed (Active) CRMLS #CV24045059 | $3,295,000 | — |
| Feb 3, 2024 | Expired CRMLS #CV23161531 | — | |
| Sep 2, 2023 | Listed (Active) CRMLS #CV23161531 | $3,650,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/18/2026 | Sold CLAW #25559697 | $3,200,000 |
| 02/18/2026 | Sold CRMLS #25559697 | $3,200,000 |
| 01/29/2026 | Sold (Public Record) Public Record #1928858862 | $3,200,000 |
| 12/18/2025 | Pending CRMLS #25559697 | — |
| 12/18/2025 | Pending CLAW #25559697 | — |
| 12/18/2025 | Accepting Backup Offers CRMLS #25559697 | — |
| 12/18/2025 | Accepting Backup Offers CLAW #25559697 | — |
| 07/01/2025 | Listed (Active) CRMLS #25559697 | $3,200,000 |
| 07/01/2025 | Listed (Active) CLAW #25559697 | $3,200,000 |
| 04/24/2025 | Withdrawn / Cancelled CRMLS #CV25020694 | $3,295,000 |
| 04/24/2025 | Withdrawn / Cancelled CLAW #CV25020694MR | — |
| 04/24/2025 | Withdrawn / Cancelled CRMLS #CV24045059 | $3,295,000 |
| 01/30/2025 | Listed (Active) CRMLS #CV25020694 | $3,295,000 |
| 01/28/2025 | Listed (Active) CLAW #CV25020694MR | $3,295,000 |
| 03/05/2024 | Listed (Active) CRMLS #CV24045059 | $3,295,000 |
| 02/03/2024 | Expired CRMLS #CV23161531 | — |
| 09/02/2023 | Listed (Active) CRMLS #CV23161531 | $3,650,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 720 Salem Street
Schools near 720 Salem Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| 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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Listing Courtesy of Tosti Incorporated, Arash Salehpour, DRE #02213984
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.