620 Masonic Way - Apartments FOR SALE


Belmont, CA 94002
$3,775,000 USD
408-893-8063
620 Masonic Way, Belmont, CA for Sale
$3,775,000 USD
Apartments - FOR SALE
1/9
null | 3.94% Cap Rate

620 Masonic Way
Belmont, CA 94002


HIGHLIGHTS

  • Opportunity to renovate units and increase rents by $600/month per unit
  • Less than a two -minute walk from the Belmont Caltrain station
  • All first floor units feature massive private patios and three (3) second floor units have spacious balconies.

OVERVIEW

SB 721 Inspection In Hand Property Condition Inspection In Hand 620 Masonic Way (the Property) is a two-story multifamily asset built in 1963 situated on a 0.23 acre lot and comprised of ten (10) spacious units. The Property boasts 9,233 square feet and features ten (10) one-bedroom/ one-bathroom floorplans. Additionally, six (6) units offer residents their own private patios and balconies. This Property offers investors the rare opportunity to purchase an investment property in one of the most sought after locations in all of Belmont. Perfectly situated roughly two minutes from Belmonts Caltrain station, near Interstate 280, Highway 101, Highway 92 and Highway 82, this asset is just moments away from Tech Hubs such as Facebook, Oracle, Electronic Arts, Kaiser, Sales Force, Visa, and Stanford Medical. In addition, the property is less than a half-mile away from Downtown Belmont, featuring luxury shopping, entertainment, and high-end dining options. Please reach out to the CBRE Listing Team for additional information.

FOR SALE DETAILS

PRICE

$3,775,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

10

PRICE/UNIT

$377,500

CAP RATE

3.94%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,123 SF

ZONING

-

APN/PARCEL ID

040-312-160

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.