2200 Village CT new Save Request In-Person Tour Request Virtual Tour
Belmont,CA 94002
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 24,785 sqft
Price per Sqft $409
MLS Listing ID ML82015448
Bedrooms 6
Full Baths 4
Year Built 1965
Lot Size 0.532 Acres
Property Sub-Type Five or More Units
Property Description
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: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
Location
State CA
County San Mateo
Area Belmont Woods Etc.
Zoning R40000
Rooms
Kitchen Dishwasher,Microwave,Oven - Electric,Refrigerator
Interior
Heating Electric
Cooling None
Exterior
Parking Features Assigned Spaces,Carport
Pool Pool - Heated
Community Features Additional Storage,Community Pool,Elevator
Utilities Available Public Utilities
Roof Type Other
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable