320 N Belmont St - Apartments FOR SALE


Glendale, CA 91206- Citrus Grove
$3,900,000 USD
818-802-0902
320 N Belmont St, Glendale, CA for Sale
$3,900,000 USD
Apartments - FOR SALE
1/12
null | 4.53% Cap Rate

320 N Belmont St
Glendale, CA 91206
Citrus Grove


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

9

PRICE/UNIT

$433,333

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,897 SF

ZONING

GLR4YY

APN/PARCEL ID

5645-012-023

ASK ABOUT THIS PROPERTY

Nick HacopianGlenwestMore Info
818-802-0902

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Nick HacopianGlenwestMore Info
818-802-0902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.