120 South Belmont Street

Glendale CA 91205

7853 sq. ft.

7498 sq. ft.

Other

Last sold for $2,680,000

Kenny Stevens, last sold this property on 04 June 2025 after 61 days on market.

Overview

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.

Features

13 bedrooms

8 bathrooms

8 carspaces

7853 sq. ft. floor area

7498 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 13 bedroom other properties sold in Glendale over the last 12 months.

Property history for 120 South Belmont Street

2025

Sold

$2,680,000

04 Jun 2025 by Kenny Stevens, of Compass

Happy sellers in Glendale

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