23 Sep Belmont Plaza Sells for $12M in Glendale | Alexanian Advisors
Alexanian Apartment Advisors represented both the seller and buyer in the sale of the 25-unit apartment property at 201 N. Belmont Street.
GLENDALE, CA — Belmont Plaza sold for $12,000,000 in September 2026, equating to $480,000 per unit. The 37,295-square-foot multifamily property is located at 201 N. Belmont Street in Glendale.
Greg Alexanian of Alexanian Apartment Advisors represented both sides of the sale. The closing required coordination among nine seller signors located across multiple countries, along with a buyer and seller each completing a 1031 exchange. The property sold after 28 days on the market.
The $480,000-per-unit result offers a notable data point for Glendale apartment owners evaluating the value of their properties. It also illustrates how the buyer pool, property characteristics, and execution of a sale can affect the final price.
Alexanian Apartment Advisors specializes in apartment sales in Glendale and Burbank. Owners who would like to discuss how the Belmont Plaza sale compares with their property can contact Greg Alexanian and the team at Alexanian Apartment Advisors.
ALEXANIAN APARTMENT ADVISORS
$1.8 Billion transacted
3,700 units closed
#1 in Glendale & Burbank
Boutique Apartment Brokerage Team
Protecting & growing wealth since 1986
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(818) 224-7949
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