631 Masonic Way - Apartments FOR SALE


Belmont, CA 94002
$6,850,000 USD
650-688-8533
631 Masonic Way, Belmont, CA for Sale
$6,850,000 USD
Apartments - FOR SALE
1/60
null | 3.59% Cap Rate

631 Masonic Way
Belmont, CA 94002


OVERVIEW

Introducing The Avatar Apartments at 631 Masonic Way in Belmont. This truly in a class of its own property underwent a fully permitted gut renovation in 2021-2022. This 10 unit asset consists of (3) 2 bed/1 bath units, (6) 1 bed/1 bath units, and (1) studio. The incredibly light and bright homes all have laminate plank and tile flooring, custom tile showers, dual pane windows, plus in-unit laundry. The kitchens feature quartz countertops, subway tile backsplashes, shaker-style cabinets with soft-close doors and drawers, stainless steel appliances, dishwashers, and undermount sinks. New 400 watt power was pulled from the street and the main panels and sub-panels have been updated. An earthquake retrofit has been completed and a new steel exterior staircase was added. This secured mid-century modern masterpiece boasts stunning interior hallways flooded with natural light from the soaring clerestory roof and skylights. Not to be outdone, the location has a WalkScore of 90, is 1/10 of a mile to Caltrain and a stone’s throw to retail on Ralston/Downtown Belmont. Easy access to HWY 101 and blocks to Twin Pines Park, Belmont City Hall and Notre Dame De Namur University. Electrical car charging on-site plus (8) tuck-under parking and (3) 1 car garages + (3) tandem. Contact Listing Agents for OM, inspection reports, etc.

FOR SALE DETAILS

PRICE

$6,850,000 USD

PRICE/SF

$680 USD /SF

# OF UNITS

10

PRICE/UNIT

$685,000

CAP RATE

3.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,975 SF

ZONING

-

APN/PARCEL ID

040-313-200

ASK ABOUT THIS PROPERTY

Steve ZirelliARA NewmarkMore Info
650-688-8533

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Steve ZirelliARA NewmarkMore Info
650-688-8533

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