Exterior facade of 120 s belmont st with mid-century design, brown stucco, and covered parking.

Closed Listing

8 Units @ 5.37% CAP & 12.47 GRM by The Americana

120 s belmont st

sold in

Glendale

8

Number of Units

1962

Year Built

7,853

SF

Square Footage

7,498

SF

Lot Size

GLR4

Zoning

120 S Belmont St, Glendale, CA 91205

About the Property

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.

8

Number of Units

1962

Year Built

7,853

SF

Square Footage

7,498

SF

Lot Size

GLR4

Zoning

Price P/ Unit

$335,000

Price p/ Sq. ft.

$341

Proforma Cap Rate

6.54

Contact

Sales agent

Street view of 120 s belmont st showing well maintained landscaping and covered parking.
Street view of 120 s belmont st showing well maintained landscaping and covered parking.
Street view of 120 s belmont st showing well maintained landscaping and covered parking.
Street view of 120 s belmont st showing well maintained landscaping and covered parking.
120 s belmont st well maintained unit entrances with landscaping and secure entry.
120 s belmont st well maintained unit entrances with landscaping and secure entry.
120 s belmont st well maintained unit entrances with landscaping and secure entry.
120 s belmont st well maintained unit entrances with landscaping and secure entry.
Bright and spacious open layout living area with modern furniture at 120 s belmont st.
Bright and spacious open layout living area with modern furniture at 120 s belmont st.
Bright and spacious open layout living area with modern furniture at 120 s belmont st.
Bright and spacious open layout living area with modern furniture at 120 s belmont st.
120 s belmont st living room with modern furniture, tv console, and barstool seating.
120 s belmont st living room with modern furniture, tv console, and barstool seating.
120 s belmont st living room with modern furniture, tv console, and barstool seating.
120 s belmont st living room with modern furniture, tv console, and barstool seating.

Video

MEET THE TEAM

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Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.