Belmont, CA 94002
$1,595,000
Bed
0
Bath
0
Living Space
2,516 SqFt
Year Built
1953
Lot Size
4,748 SqFt
Days
117
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.
Listing provided courtesy ofMatthew Thomson License 01471708 Compass, Bryan Danforth License 01789680 Compass
Data provided by MLSListings Inc.
- Nesbit Elementary School (Elementary) - GreatSchools rating 6/10 - Ralston Intermediate School (Middle) - GreatSchools rating 10/10 - Carlmont High School (High) - GreatSchools rating 10/10 School District: Belmont-Redwood Shores Elementary School District
Within a 1-2 mile radius of 1120 Elmer Street, several parks offer recreational opportunities. Twin Pines Park provides picnic areas, a playground, and open space trails. O'Donnell Park, a newer park, features a playground with musical elements, a small basketball court, and picnic benches. Belameda Park, located near the Belmont Library, offers a playground and picnic area.
The neighborhood surrounding 1120 Elmer Street is part of Belmont, a city known for its wooded hills, open spaces, and views of the San Francisco Bay. Belmont offers a spread-out retail and dining scene rather than a traditional downtown, with the Carlmont Shopping Center being a prominent plaza. The community hosts various family-friendly events, often at Twin Pines Park.
1120 Elmer Street has a Walk Score of 88 (Very Walkable) and a Transit Score of 75 (Good for Transit). Public transportation options include the Belmont Caltrain Station, which is within walking distance.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Nesbit Elementary School (Elementary) - GreatSchools rating 6/10 - Ralston Intermediate School (Middle) - GreatSchools rating 10/10 - Carlmont High School (High) - GreatSchools rating 10/10 School District: Belmont-Redwood Shores Elementary School District
Within a 1-2 mile radius of 1120 Elmer Street, several parks offer recreational opportunities. Twin Pines Park provides picnic areas, a playground, and open space trails. O'Donnell Park, a newer park, features a playground with musical elements, a small basketball court, and picnic benches. Belameda Park, located near the Belmont Library, offers a playground and picnic area.
The neighborhood surrounding 1120 Elmer Street is part of Belmont, a city known for its wooded hills, open spaces, and views of the San Francisco Bay. Belmont offers a spread-out retail and dining scene rather than a traditional downtown, with the Carlmont Shopping Center being a prominent plaza. The community hosts various family-friendly events, often at Twin Pines Park.
1120 Elmer Street has a Walk Score of 88 (Very Walkable) and a Transit Score of 75 (Good for Transit). Public transportation options include the Belmont Caltrain Station, which is within walking distance.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
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