120 S Belmont is a well-maintained Glendale multifamily asset that offered investors a rare combination of location, quality, and rental upside in one of the most desirable submarkets in Los Angeles County. Located just over a mile from The Americana at Brand, Glendale Galleria, and the Glendale Fashion Center, the property provides tenants walkable access to top-tier shopping, dining, and employment hubs along Brand Boulevard.

At the time of sale, 120 S Belmont was offered at a 5.37% CAP and 12.47 GRM on current rents—priced attractively at $376 per square foot and $368,000 per unit. The asset benefits from Glendale’s landlord-friendly regulatory environment, which allows for annual rent increases of up to 5% plus CPI (currently 8.9%, buyer to verify), providing a built-in path for income growth not available in neighboring rent-controlled jurisdictions.

The unit mix is composed primarily of large two-bedroom units averaging approximately 1,000 square feet. Each unit features expansive floorplans, excellent natural light, and oversized windows—offering the livability that high-income tenants in the area expect. Operational efficiency is enhanced by minimal landscaping, gated access, and eight covered carport spaces with built-in storage lockers.

With its proximity to major legal, media, and healthcare employers—and its position in a submarket known for strong schools, low vacancy, and stable appreciation—120 S Belmont represents the type of Glendale multifamily asset that rarely comes to market. For buyers seeking a well-located, low-maintenance investment with both cash flow and long-term upside, this property checked all the right boxes.