Glendale, CA 91205,120 S Belmont Street
Sandra Lucas
Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

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$ 2,680,000

$ 2,950,000 9.2%

Est. payment /mo
Sold on 06/04/2025

120 S Belmont Street Glendale, CA 91205

7,853 SqFt


UPDATED:

Key Details

Sold Price $2,680,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 7,853 sqft

Price per Sqft $341

MLS Listing ID CL25517525

Sold Date 06/04/25

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 Common Area

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 5674011019


Bridge MLS
Listed by Kenny Stevens • Compass
Bought with KennyStevens
agent

Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

GET MORE INFORMATION

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Phone*
Message

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120 S Belmont Street