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
Listed by Levon Alexanian, DRE #00911091 • Keller Williams World Media Center
$ 12,400,000
Est. payment /mo
New
201 N Belmont Glendale, CA 91206
0.52 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26141166
Year Built 1985
Lot Size 0.524 Acres
Source California Regional MLS
Property Description
We are pleased to present The Belmont Plaza Condos, a rare 26-unit multifamily investment opportunity located at 201 N Belmont Street in the heart of Glendale, California being offered for acquisition for the first time in 4 decades. Originally built as condominiums, the property offers a level of scale, unit size, construction quality and long-term optionality that is exceptionally difficult to replicate in today's market. The asset totals approximately 37,295 square feet, with an average unit size of roughly 1,434 square feet, giving investors a highly differentiated rental product in one of Los Angeles County's most supply-constrained and desirable apartment markets. With he highest allowable rent increases in the states an offered below replacement cost at only $332/ sf , the offering will suit a wide range of capital requirements. The unit mix is heavily weighted toward very large large two- and three-bedroom floor plans, with all units featuring washer and dryer hookups, private balconies or patios, generous layouts and strong resident appeal. Current rents are significantly below comparable market levels on a rent-per-square-foot basis, creating a clear path to income growth while maintaining the stability and desirability of a larger-unit Glendale asset. The l
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Heating Forced Air
Laundry 30, 9
Exterior
Pool Pool - Yes
Building
Water Private
Others
Tax ID 5645018035
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.