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    Condo-Style Multifamily Property Title is generated by Realmo AI

    201 N Belmont, Glendale, CA 91206

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    New
    For Sale
    $12,400,000

    Apartment - Glendale, CA

    Type:Apartment
    Property size:
    37,295 SF
    Lot size:
    22,817.00 Acres
    Price / SF:
    $332/SF
    Added:
    Jun 29, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 30 at 1:06 pm

    Property Features for 201 N Belmont

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Pool private
    1
    Exterior features
    Pool, Community Features Included: Curbs, 26-30 Units/Acre
    Standard status
    Active
    APN
    5645018035
    Size
    37,295 SF
    Lot size
    22,817.00 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1985
    Floors in Building
    3
    Number of units
    26
    Architectural style
    Other

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    Levon Alexanian

    Listing agent Levon Alexanian License #00911091

    Listing office Keller Williams World Media Center 111 N. First St., Burbank, CA

    Listing date Jun 29, 2026

    MLS# SR26141166 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 26‑unit multifamily condo property at 201 N Belmont Street in Glendale, CA
    • Built in 1985; total approx. 37,295 SF with average unit size approx. 1,434 SF
    • Unit mix heavily weighted to very large 2- and 3‑bedroom floor plans
    • All units include washer and dryer hookups plus private balconies or patios
    • Private pool on‑site; forced‑air heating
    • Recent capital improvements: new roof (with warranty) and new sewer lines

    Overview

    The Belmont Plaza Condos is a 26-unit condominium-built multifamily property offered for acquisition. The building totals approximately 37,295 square feet, with an average unit size of roughly 1,434 square feet, and a unit mix heavily weighted toward very large two- and three-bedroom floor plans. Each unit includes washer and dryer hookups, along with private balconies or patios. Recent capital improvements reported include a new roof with warranty and new sewer lines.

    The property is located at 201 N Belmont Street in Glendale, California. The remarks describe an area with walkable access, with a listed 93 Walk Score, and immediate proximity to retail, dining, and lifestyle amenities.

    This asset may appeal to investors seeking a larger-unit rental product within a condo-built multifamily configuration, along with documented roof and sewer improvements. The current rent positions are described as below comparable levels on a rent-per-square-foot basis, and the property’s size and layout flexibility are factors tenants and operators often consider when planning for long-term occupancy and resident retention. Buyer and broker are instructed to verify all details, including condo feasibility, with appropriate advisors.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $1.36M $36.60
    − Vacancy −$88.7k −$2.38
    EGI $1.28M $34.22
    − OpEx −$574.3k −$15.40
    NOI $701.9k $18.82
    37,295 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $10.03M
    $8.77M – $11.70M (±1% cap)
    NOI $701,950 @ 7.0% cap · market cap 5.66%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $22.43M
    $19.63M – $26.17M (±1% cap)
    NOI $1,570,110 @ 7.0% cap · market cap 12.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2434128
    Latitude
    34.1484081

    FAQs

    What type of property is this?
    Apartment building - 26-unit condominium-built multifamily asset with large residences and in-unit washer/dryer hookups.
    Where is this apartment building located?
    The property is located at 201 N Belmont Glendale, CA.
    What is the asking price?
    The asking price for this property is $12,400,000.
    What are key features of this property?
    This property features: 26‑unit multifamily condo property at 201 N Belmont Street in Glendale, CA; Built in 1985; total approx. 37,295 SF with average unit size approx. 1,434 SF; Unit mix heavily weighted to very large 2- and 3‑bedroom floor plans
    More about this property
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