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320 N Belmont St 9 Unit Apartment Building $3,900,000 ($433,333/Unit) 4.53% Cap Rate Glendale, CA 91206
Executive Summary
Rare investment opportunity to acquire a meticulously maintained apartment community being offered for sale for the first time since its construction in 1986. Under the same ownership and professional management since day one, this property reflects exceptional pride of ownership and long-term stewardship. The property consists of 9 units, including 7 highly desirable split-level floor plans that provide residents with a unique townhouse-style living experience. The building has been exceptionally well maintained over the years and is occupied by a stable, long-term tenant base. Ideally located in a highly walkable neighborhood, residents enjoy convenient access to a wide variety of amenities, including Whole Foods Market, the newly opened Erewhon Market, popular restaurants, banks, retail shops, and everyday services.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$264,540
|
$22.58
|
| Other Income |
$1,700
|
$0.15
|
| Vacancy Loss |
$7,936
|
$0.68
|
| Effective Gross Income |
$258,304
|
$22.04
|
| Taxes |
$44,850
|
$3.83
|
| Operating Expenses |
$36,915
|
$3.15
|
| Total Expenses |
$81,765
|
$6.98
|
| Net Operating Income |
$176,539
|
$15.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $264,540 |
| Annual Per SF | $22.58 |
| Other Income | |
|---|---|
| Annual | $1,700 |
| Annual Per SF | $0.15 |
| Vacancy Loss | |
|---|---|
| Annual | $7,936 |
| Annual Per SF | $0.68 |
| Effective Gross Income | |
|---|---|
| Annual | $258,304 |
| Annual Per SF | $22.04 |
| Taxes | |
|---|---|
| Annual | $44,850 |
| Annual Per SF | $3.83 |
| Operating Expenses | |
|---|---|
| Annual | $36,915 |
| Annual Per SF | $3.15 |
| Total Expenses | |
|---|---|
| Annual | $81,765 |
| Annual Per SF | $6.98 |
| Net Operating Income | |
|---|---|
| Annual | $176,539 |
| Annual Per SF | $15.07 |
Property Facts
| Price | $3,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $433,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.53% | Building Size | 11,718 SF |
| Gross Rent Multiplier | 14.75 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $3,900,000 |
| Price Per Unit | $433,333 |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| Gross Rent Multiplier | 14.75 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 11,718 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | GLR4YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 6 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5645-012-023 | Total Assessment | $1,398,849 |
| Land Assessment | $294,514 | Annual Taxes | $44,850 ($3.83/SF) |
| Improvements Assessment | $1,104,335 | Tax Year | 2025 |
Property Taxes
Parcel Number
5645-012-023
Land Assessment
$294,514
Improvements Assessment
$1,104,335
Total Assessment
$1,398,849
Annual Taxes
$44,850 ($3.83/SF)
Tax Year
2025
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320 N Belmont St
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