2302 Carlmont Dr - Apartments FOR SALE


Belmont, CA 94002
$7,495,000 USD
415-621-2700
2302 Carlmont Dr, Belmont, CA for Sale
$7,495,000 USD
Apartments - FOR SALE
1/24
null | 4.48% Cap Rate

2302 Carlmont Dr
Belmont, CA 94002


HIGHLIGHTS

  • Unit mix: Four 2BD/1BA units & Ten 2BD/2BA
  • Recent renovations in most units, including LVT, dishwashers and in-unit laundry
  • Upgraded electrical main service and sub panels in 2024
  • Off Street side-by-side parking
  • Heated community swimming pool

OVERVIEW

Turnkey 14-unit asset in a prime Belmont location, featuring a desirable mix of four 2BD/1BA units and ten 2BD/2BA units. The majority of the units have been renovated with LVT flooring, quartz counters, stainless steel appliances including dishwashers, updated bathrooms, and in-unit washer/dryers. All units offer spacious private patios or decks. Community amenities include covered parking, a pool, and shared laundry for units without in-unit W/D. Strong curb appeal and well-maintained grounds enhance desirability for renters. Excellent commuter location with quick access to Ralston Avenue, 280, and 101 for easy commutes to Palo Alto, Mountain View, and San Francisco. This stabilized asset offers immediate cash flow and long-term upside in one of the Peninsula’s most sought-after rental submarkets.

FOR SALE DETAILS

PRICE

$7,495,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

14

PRICE/UNIT

$535,357

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carlmont Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,399 SF

ZONING

R3

APN/PARCEL ID

045-013-170

ASK ABOUT THIS PROPERTY

Mark CampanaAnchor RealtyMore Info
415-621-2700

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Mark CampanaAnchor RealtyMore Info
415-621-2700

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