1205 Geraldine Way - Apartments FOR SALE


Belmont, CA 94002
$4,850,000 USD
408-893-8063
1205 Geraldine Way, Belmont, CA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/17
null | 4.15% Cap Rate

1205 Geraldine Way
Belmont, CA 94002


HIGHLIGHTS

  • Turnkey Asset: New 40-year roof, SB 721 work completed, replaced sewer lateral, new electrical subpanels, attic insulation, and more.
  • Upgraded Units: New countertops, laminate flooring, stainless steel appliances, Grohe fixtures, ceiling fans, new double-paned windows, etc.
  • Excellent Location: Walking distance to Lunardi's & Safeway and within close proximity to Silicon Valley technology companies & high earning renters.
  • Please reach out to the CBRE Listing Team for the offering memorandum & disclosure package.

OVERVIEW

1205 Geraldine Way (the Property) is a multifamily asset built in 1969 situated on a 0.28 acre lot and comprised of twelve (12) units. The Property features a unit mix of eleven (11) one-bedroom/one-bathroom floorplans and one (1) two-bedroom/one-bathroom floorplan. The Property interiors have been nicely renovated as tenants moved out, and recent capital improvements include: New roof, attic insulation & new double-paned windows for improved energy efficiency and comfort, new electrical subpanels, SB 721 compliance, sewer lateral replacement, and more. The Property’s premier location in Belmont generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in one of the most sought-after residential communities on the San Francisco Peninsula. Perfectly situated near Interstate 280, Highway 101, Highway 92, & Highway 82, this asset is just moments away from major employers such as Meta, Oracle, Electronic Arts, Salesforce, & Visa, as well as the Stanford Medicine Outpatient Center in neighboring Redwood City. In addition, the Property is within walking distance to Lunardi’s and Safeway and moments away from additional dining/shopping options in Downtown Belmont.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

12

PRICE/UNIT

$404,167

CAP RATE

4.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,000 SF

ZONING

Multifamily Residential

APN/PARCEL ID

045-061-120

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.