18 Dec 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.