Keegan Cin | Realtor® | License # DRE 01971604

Property

Glendale, CA 91205 120 S Belmont Street

Pending
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Presented By: Kenny Stevens with Compass;
  • MLS# 25517525
  • 03/27/2025
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  • Beds • 13
  • Baths • 8
  • SQFT • 7,853
  • Year Built • 1962

Home Details

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.
Presented By: Kenny Stevens with Compass;

Interior Features for 120 S Belmont Street

Bedrooms

Total Bedrooms13

Bathrooms

Half Baths0
Total Baths8
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

General for 120 S Belmont Street

Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate5.37
Carport Y/NYes
CityGlendale
Community FeaturesGated
CountyLos Angeles
DirectionsThe 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.
Electric On Property Y/NNo
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income236658.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7498.0
Lot Size UnitsSquareFeet
MLS Area628 - Glendale-South of 134 Fwy
MobileHomeRemainsYNNo
Net Operating Income158545.0
New ConstructionNo
Number Of Units Total8
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
ViewNone
Waterfront Y/NNo
Year Built1962
ZoningGLR4YY

Exterior for 120 S Belmont Street

Building Area Total7853.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1721
Lot Size Area7498.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCarport
Private PoolNo
SpaNo
Total Parking8.0

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $2,950,000
MLS#25517525
List Date 03/27/2025
Property Type Pending
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