1120 Elmer Street, Belmont, CA, CA 94002
- $1,680,000
- 2,516
- SqFt
- List Price
- $1,680,000
- Status
- ACTIVE
- MLS#
- ML82051468
- County
- San Mateo
- Year Built
- 1953
- Building Square Feet
- 2,516
- Square Feet
- 4,748
- Days on Market
- 38
- Property Type
- Multifamily
Property Description
Incredible opportunity to acquire a rarely available Fourplex in downtown Belmont that offers significant add-value for a new owner, with one unit already vacant and another coming vacant soon. Renovate and achieve top market rents immediately! (4) One-Bedroom / One-Bath Units. Newly upgraded electrical system and new sewer lateral piping installed ($22k). Individual water heaters. Walking distance to Belmont Caltrain Station and Belmont Village Shopping Center. Walk Score: 88 (Very Walkable). Surrounded by major Life Science & Biotech Development Projects estimated to deliver 13,000 employees - high paying research, tech & life science jobs - potential future tenants! Close proximity to highly ranked schools including Carlmont High School (10/10 Rating). Ideal for owner-occupiers, value-add multifamily investors, small syndicators, 1031 exchange buyers, life-science workforce housing, and family offices.
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Additional Information
- Taxes
- $24,693
- Parcel Number
- 040332080
- Gross Scheduled Income
- $100,872
- Number of Buildings
- 1
- Security Features
- Security Lights
- Heat
- Wall Furnace
- Cooling
- Yes
- Roof
- Flat
- Carport Spaces
- 4
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Matthew Thomson (matt.thomson@compass.com) from Listing Office: Compass.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.