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120 S Belmont Street, 
Glendale, CA 91205

$2,950,000


13

Beds


8

Baths


7,853

Sq Ft


Multi-Family

Pending

Listed by

Kenny Stevens

Compass

Western Realty

310-230-5478

Last updated:

April 17, 2025, 07:32 AM

MLS#

25517525

Source:

CRMLS

About This Home

120 S Belmont Street

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.

Home Facts

Multi-Family

8 Baths

13 Bedrooms

Built in 1962

Price Summary

2,950,000

$375 per Sq. Ft.

MLS #:

25517525

Last Updated:

April 17, 2025, 07:32 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

13

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

7,853 Sq. Ft.


Structure

Structure

Building Area:

7,853 Sq. Ft.

Year Built:

1962


Lot

Lot Size (Sq. Ft):

7,496


Finances & Disclosures

Finances

Price:

$2,950,000

Price per Sq. Ft:

$375 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Best Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Best Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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