Belmont CA Real Estate & Commercial for Sale

This is a great Seven unit apartment building with a mix units from Two bedroom, One bedrooms and studios. There is a two car carport with plenty of open parking space for the other units. Unit B is currently vacant. Great location in the heart of Belmont's Business District. Steps from Safeway, City Hall, Police, Fire Department, Twin Pines Senior and Community Center, Walking Trails, and great shops and restaurants. Ground-floor units with ample parking and visibility.

Achieve $57,000/Month in Stable Rental Income from a Diversified, 23-Tenant, High-End Apartment in an A+ Location. What a Great Way to Retire and Achieve Reliable Cashflow + Value Appreciation + Tax Advantages (Depreciation). Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.12% / Pro-Forma CAP Rate: 5.02%. In-Place GRM: 14.6 / Pro-Forma GRM: 12.9. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF

This is a wonderful opportunity for either an owner user or an investor. This is a mixed use building which includes a home that fronts Middle Rd and a full service restaurant currently occupied by the building owner that fronts El Camino Real. The rents include projected rent of $8000/mo for the restaurant. The house is occupied by tenants who currently have a lease. The sale includes all of the restaurant kitchen equipment, and furnishings. The restaurant was put into the building in 2016- All of the kitchen equipment was new at that time. Note: the restaurant dishwasher is leased and not included with the sale. Do not go to the property without being accompanied by an agent with an appointment made in advance.