$2,950,000
Est. payment /mo
7,853 SqFt
Pending
120 S Belmont Street Glendale, CA 91205
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,853 sqft
Price per Sqft $375
MLS Listing ID CL25517525
HOA Y/N No
Year Built 1962
Lot Size 7,498 Sqft
Acres 0.17
Property Sub-Type Other
Property 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 reli
Location
State CA
County Los Angeles
Zoning GLR4
Interior
Heating Wall Furnace
Fireplace No
Laundry Community Facility
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5674011019
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Kenny Stevens • Compass
A FEW WORDS FROM PAST CLIENTS
GET MORE INFORMATION
Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289