Description
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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49222676
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 13
Bathroom Information
- Total Baths: 8
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Refrigerator
Heating Source
- Wall Furnace
- Has Heating
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Exterior Features
Building Information
- Year Built: 1962
- Building Area Total: 7,853
Security Features
- Gated Community
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1721
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 7498
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Listing Information
Listing Price Information
- Original List Price: 2,950,000
- Listing Contract Date: 2025-03-27
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 5674011019
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Carport
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 628 - Glendale-South of 134 Fwy
- Directions: The subject property is 0.5 miles from Glendale Fashion Center, 1 mile from The Americana and Downtown Glendale, and 1.5 miles from Eagle Rock Plaza.
- Zoning: GLR4YY
- Source Property Type: Residential Income
- Area: 628 - Glendale-South of 134 Fwy
Building and Construction
- Property Age: 63
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 7853
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 04/08/2025 @ 17:03
- MLS: 25517525
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 13 bedrooms which is for sale, it has 7,853 sqft, 7,498 sized lot, and 0 parking. are nearby neighborhoods.