CA > Glendale
Glendale, CA 91205,120 S Belmont ST
Glendale, CA 91205,120 S Belmont ST
Glendale, CA 91205,120 S Belmont ST
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Chris & Courtney Cameron

Chris & Courtney Cameron

+1(619) 393-9338
$2,950,000
Est. payment /mo
13 Beds
8 Baths
7,853 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,853 sqft

Price per Sqft $375

MLS Listing ID 25517525

Bedrooms 13

HOA Y/N No

Year Built 1962

Lot Size 7,496 Sqft

Property Description

120 S. Belmont St. checks all the boxes for investors looking for a well-maintained asset in a highly desirable rental pocket of Glendale. The property is located 1.1 miles from The Americana, Glendale Galleria, Glendale Fashion Center, & an array of dining and entertainment options in downtown Glendale (Brand Blvd). This location offers tenants walkable access to luxury retail, dining, and top-tier employers (ranging from high-powered law firms to media and healthcare companies). Offered at 5.37% CAP and 12.47 GRM on current rents, $376 per foot, and $368 per unit, the property. In addition, Glendale's pro-landlord jurisdiction allows for annual rental increases of up to 5% + CPI (currently 8.9%), versus 4% for properties subject to LA rent control (buyer to verify). Most units are large 2-bdrm. units averaging approx. 1,000 SF, featuring spacious layouts, oversized windows, and excellent natural light. The building has been well cared for and includes gated access, 8 carport parking spaces with storage lockers, and minimal landscaping for low operational overhead. With solid existing income, potential for light cosmetic improvements, and a tenant base supported by nearby law, finance, and entertainment employment hubs, 120 S. Belmont is an ideal asset for investors seeking reliable growth in one of LA's most resilient submarkets.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4YY

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Laundry Common Area

Exterior

Parking Features Carport

Community Features Gated

View Y/N No

View None

Total Parking Spaces 8

Building

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5674011019

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kenny Stevens • Compass

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agent

Chris & Courtney Cameron

+1(619) 393-9338

Agent | Office DRE #02021421 | 01766250

Agent Office DRE #02021421 | 01766250

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120 S Belmont ST