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120 S Belmont St
Glendale, CA 91205
12.47 GRM & 5.37% CAP by The Americana · Multifamily Property For Sale
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8 Units
Investment Highlights
- 8-unit complex located just over a mile from The Americana, Glendale Galleria, and the downtown office and retail corridor along Brand Blvd.
- Offered at 12.47 GRM and 5.47% CAP on current rents, $376 per foot, and $368,750 per unit.
- Property amenities includes gated access, 8 carport parking spaces with storage locks, and minimal landscaping for low operational overhead.
- allows for annual rental increases of up to 8.9% versus 4% for properties subject to LA rent control.
- Majority of the units are large 2-bdrm. units averaging approx. 1,000 SF, featuring spacious layouts, oversized windows, and excellent natural light.
Property Facts
| No. Units | 8 | Building Size | 7,853 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.02/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,853 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $2,498 | - |
| 1+1 | 3 | $2,360 | - |
Property Taxes
| Parcel Number | 5674-011-019 | Improvements Assessment | $516,561 |
| Land Assessment | $1,205,320 | Total Assessment | $1,721,881 |
Property Taxes
Parcel Number
5674-011-019
Land Assessment
$1,205,320
Improvements Assessment
$516,561
Total Assessment
$1,721,881
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