Belmont Palms is an exceptional 15-unit property located in the thriving city of Belmont, CA, one of the strongest rental markets.
Situated on a parcel of land totaling 9,688 square feet, the subject property was originally constructed in 1959 and features a gross building size of 3,649 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans. All units have been recently renovated and feature the desirable amenities of air conditioning and on-site parking. Additionally, tenants are located just one block from the nearby Belmont Caltrain Station.
Belmont Palms is centrally located in the heart of the Silicon Valley. Many of the nation’s top Tech employers are located within close proximity including Oracle, Sun Microsystems, Visa, Sony, Electronic Arts (EA), Franklin Templeton Investments as well as many others. The subject property also benefits from its location on El Camino Real, a major transportation corridor which facilitates easy access to other corridors such as Interstate 280, California State Route 92, California State Route 82, and U.S. Highway 101 providing easy access to all major Bay Area locations.
The investment appeal of this asset is driven by Belmont's strong employment fundamentals, low vacancy levels, and consistent rental growth. With a world-class location in the heart of Belmont, Belmont Palms presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.