120 S Belmont St is a well-located Glendale multifamily asset offering a rare combination of scale, unit quality, and regulatory flexibility in one of Los Angeles County’s most consistently sought-after rental submarkets. Positioned just over 1 mile from Brand Blvd, The Americana at Brand, Glendale Galleria, and the Fashion Center, 120 S Belmont St benefits from immediate access to Glendale’s primary retail, dining, and employment corridor while maintaining a quiet residential setting.

For Glendale multifamily investors, 120 S Belmont St represented a compelling opportunity to acquire a stabilized asset in a landlord-friendly jurisdiction with strong tenant demand, limited supply, and long-term appreciation drivers.

Unit Mix, Layout, and Tenant Appeal at 120 S Belmont St

The property is comprised primarily of large 2-bed units averaging roughly 1,000 SF, a unit size that continues to outperform in Glendale due to its appeal to professionals, couples, and small families. The expansive floorplans, oversized windows, and strong natural light create a livability profile that aligns with the expectations of higher-income tenants in the area.

The unit configuration at 120 S Belmont St supports both occupancy stability and long-term rent growth by offering layouts that are increasingly difficult to replicate in newer construction without significant cost premiums.

Operating Profile and Parking Configuration

Operational efficiency at 120 S Belmont St is supported by a low-maintenance physical layout, gated access, and 8 covered carport parking spaces, each with dedicated storage lockers. Parking availability remains a meaningful differentiator in Glendale, particularly for larger unit profiles that attract long-term residents.

The combination of gated access, minimal landscaping requirements, and straightforward building operations contributed to ease of ownership and predictable expense control.

Regulatory Environment and Income Growth Potential

One of the defining advantages of 120 S Belmont St is its location within Glendale, a city known for its landlord-friendly regulatory framework. Annual rent increases of up to 5% plus CPI, currently totaling 8.9% (buyer to verify), provide a clearer path to income growth compared to neighboring jurisdictions subject to stricter rent controls.

At the time of sale, 120 S Belmont St traded at a 5.37% CAP and 12.47 GRM on current rents, priced at $376 per SF and $368,000 per unit. This pricing reflected both the stability of the in-place income and the embedded upside supported by market rent growth and regulatory flexibility.

Location Strength and Long-Term Demand Drivers

120 S Belmont St is situated in a core Glendale neighborhood with direct access to Brand Blvd, Downtown Glendale, and major employment centers across legal, healthcare, media, and professional services sectors. The surrounding area is characterized by strong schools, low vacancy, and consistent renter demand, reinforcing Glendale’s reputation as one of the most resilient rental markets in Los Angeles County.

Proximity to major retail destinations and employment hubs continues to support tenant retention and long-term value appreciation at 120 S Belmont St.

Conclusion and Sale Outcome

120 S Belmont St exemplifies the type of Glendale multifamily asset that trades infrequently: well-maintained, efficiently operated, and located within a submarket defined by stability and demand. The combination of large units, favorable rent regulations, strong parking, and proximity to Brand Blvd positioned the property as a durable long-term investment.

To see how 120 S Belmont St was positioned, marketed, and ultimately brought to a successful close, view the full 120 S Belmont St success story, which outlines the strategy and execution behind the transaction.