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Listed by Matthew Thomson, DRE #01471708 • Compass
$ 1,680,000
Est. payment /mo
Open Fri 11:30AM-1PM
1120 Elmer ST Belmont, CA 94002
4 Beds
4 Baths
2,516 SqFt
Open House
Fri Jun 26, 11:30am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,516 sqft
Price per Sqft $667
MLS Listing ID ML82051468
Bedrooms 4
Full Baths 4
Year Built 1953
Lot Size 4,748 Sqft
Property Sub-Type Fourplex
Source MLSListings, Inc.
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.
Location
State CA
County San Mateo
Area Homeview / Sterling Downs
Zoning C40000
Interior
Heating Gas, Wall Furnace
Cooling None
Exterior
Parking Features Carport
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 040-332-080
Special Listing Condition Not Applicable
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