1120 Elmer ST, Belmont, CA 94002
1120 Elmer ST, Belmont, CA 94002
1120 Elmer ST, Belmont, CA 94002
1120 Elmer ST, Belmont, CA 94002
1120 Elmer ST, Belmont, CA 94002
1120 Elmer ST, Belmont, CA 94002
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Travis Breton

Travis Breton

+1(760) 470-2752
$ 1,595,000
Est. payment | /mo

2,516 SqFt

Save
$ 1,595,000
Est. payment | /mo
Save

2,516 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,516 sqft

Price per Sqft $633

MLS Listing ID ML82051468

HOA Y/N No

Year Built 1953

Annual Tax Amount $23,737

Lot Size 4,748 Sqft

Property Sub-Type Quadruplex

Property Description

PRICE IMPROVED!! 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. 4.04% Day 1 Cap Rate with room to improve significantly ASAP! 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.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning C40000

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Carport

Carport Spaces 4

View Y/N No

Roof Type Flat

Accessibility None

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 040332080

Security Features Security Lights

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Matthew Thomson Compass #01471708

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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1120 Elmer ST

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