2311 Carlmont Dr - Apartments FOR SALE


Belmont, CA 94002
$8,500,000 USD
650-344-4300
2311 Carlmont Dr, Belmont, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/18
null | 6.5% Cap Rate

2311 Carlmont Dr
Belmont, CA 94002


OVERVIEW

• First time on the market in 40 years! • Below Market Rent • Below Market Cost Per Square Foot • Excellent Unit Mix with Large Unit Sizes • Pitched Roof • Owner has completed many property upgrades • Well-Maintained • Storage Units: 19 (Approx. 40-50 sq.ft each) • Parking Spaces: 31 Total - 28 (10 Single Carports, 9 Double Carports) - 3 Front Parking Non-Tuck

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

19

PRICE/UNIT

$447,368

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

R30000

APN/PARCEL ID

045-015-090

ASK ABOUT THIS PROPERTY

Andrew PeceimerColdwell Banker Commercial DBA Westbay CommercialMore Info
650-344-4300

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

Andrew PeceimerColdwell Banker Commercial DBA Westbay CommercialMore Info
650-344-4300

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