Generational, Trophy Asset. Pride of Ownership w/ 24 Oversized Apartment Homes: (15) 2 BR/2 BA Units: 1,056 SF (9 Units) / 1,137 SF (6 Units)+(9) 1 BR/1 BA Units: 742 SF. All Units Offer Unobstructed/Panoramic Views of Belmont Hills. Convenient, Easy Access from HWYS 92/280/101. Quiet-Setting w/ Views and Excellent Belmont Schools. 24 Private Balconies, Individual Forced Air Furnaces, Enclosed Carports, Outdoor Parking, 1 Elevator, 3 Laundry Rooms, and More. Owner Invested $540,000+ in Capital Improvements (Dual-Pane Milgard Windows, Retaining Wall, Landscape Design, etc). Bonus 25th Unit: 557 SF Rec. Room Can Be 1 Additional Unit or On-Site Gym. Current CAP Rate: 3.27% / GRM: 18. Pro-Forma CAP Rate: 4.21% / GRM: 15. $480/SF. Dishwashers in All Units. Add In-Unit Washers/Dryers, LVT Flooring to Grow Rents Beyond Pro-Forma CAP/GRM. PLEASE DO NOT DISTURB TENANTS, THANK YOU!
Sold for $12,000,000 on 04/07/23
$12,000,000
Continentals Way, Belmont, CA 94002
--beds
--baths
27,735sqft
Five Or More Units, Residential Income
Built in 1969
-- sqft lot
$12,329,000 Zestimate®
$433/sqft
$4,006 Estimated rent
Home value
$12,329,000
$10.11M - $15.16M
$4,006/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 21, 2024 at 01:01am
Listed by:
Don Sung 01935797 650-380-5188,
Colliers Parrish International
Bought with:
Gregory Terry, 00957651
Compass
Source: MLSListings Inc,MLS#: ML81914150
Facts & features
Interior
Kitchen
- Features: Countertop_Granite, Countertop_Stone
Heating
- Central Forced Air Gas
Cooling
- None
Appliances
- Included: Dishwasher, Electric Oven/Range
Interior area
- Total structure area: 27,735
- Total interior livable area: 27,735 sqft
Property
Parking
- Total spaces: 24
- Parking features: Carport, Common, Covered
- Garage spaces: 24
- Has carport: Yes
Accessibility
- Accessibility features: Elevator/Lift, Parking, Customized Wheelchair Accessible
Lot
- Size: 1.24 Acres
Details
- Parcel number: 045373090
- Zoning: R40000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Wood Frame
- Roof: Foam
Condition
- Year built: 1969
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Belmont
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: Assumable, CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2023 | Sold | $12,000,000+2258.1%$433/sqft |
Source:  MLSListings Inc #ML81914150 | ||
| 8/29/2017 | Listing removed | $508,888$18/sqft |
Source: RE/MAX Star Properties #ML81668281 | ||
| 8/1/2017 | Pending sale | $508,888$18/sqft |
Source: RE/MAX Star Properties #ML81668281 | ||
| 7/28/2017 | Price change | $508,888-7.3%$18/sqft |
Source: RE/MAX Star Properties #ML81668281 | ||
| 7/1/2017 | Listed for sale | $548,888$20/sqft |
Source: RE/MAX Star Properties #ML81668281 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Western Hills
Nearby schools
GreatSchools rating
- 8/10Cipriani Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Ralston Intermediate SchoolGrades: 6-8Distance: 0.4 mi
- 10/10Carlmont High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: BelmontRedwoodShoresElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$12,329,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$12,329,000