1120 Elmer Street, Belmont, CA 94002

$1,680,000
2,516
SqFt

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Listing courtesy of Matthew Thomson from Compass. 650-515-6555

List Price
$1,680,000
Status
ACTIVE
Days on Market
85
MLS#
ML82051468
Subtype
Residential Income
Year Built
1953
Living Area
2,516
Lot Size
4,748
Acres
0.11
Subdivision
Ca
Neighborhood
Ca

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.

Additional Information

Heating
Natural Gas, Wall Furnace
Air Conditioning
No Air Conditioning
School District
Sequoia Union High
Elementary School
Belmont-Redwood Shores Elementary
High School
Sequoia Union High

Mortgage Calculator

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Calculator source: Real Geeks

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