Belmont Manor Closing

 

We are excited to announce our recent closing on 11.26.19 of 139 N Belmont St Glendale, CA 91206 – 18 units for $4,700,000.Located in the heart of Glendale, Belmont Manor is a courtyard style building with a pitched roof. Belmont Manor is a two-story apartment building with 11,590 SF. We were able to retain a 2.9% of a CAP rate and be able to deliver a record-breaking sale of $405.55 per sqft.

Held in a private family trust for a number of years, with our rigorous marketing efforts we another broker directed his 1031 tax exchange client over to us.

The buyer remains undisclosed.

No Comments

Sorry, the comment form is closed at this time.