120 S Belmont Street, Glendale, CA 91205 - Berkshire Hathaway HomeServices California Properties
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120 S Belmont Street, Glendale, CA 91205

$2,950,000 Approx. USD 13 beds, 8 baths
7,853 sqft

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Listing Agent


Kenny Stevens | kenny@kennystevensteam.com
Lic#: 01090251
Broker: Courtesy of Compass

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25517525
Price: $2,950,000
Beds: 13
Baths: 8
Built in 1962
7,853 sqft
2 stories
0.17 acres
Lot size: 0.1721
County: Los Angeles
Zoning: GLR4YY
Appliances: Refrigerator
Parking description: Carport
Heating description: Wall Furnace
MLS area: 628 - Glendale-South of 134 Fwy

Last Updated: 4/4/2025

 Days On Market (DOM): 13

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This listing belongs to the 628 - Glendale-South of 134 Fwy MLS area

Lat/Long: 34.145449, -118.242706.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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