Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing
Sold for $5,200,000 on 12/02/24
$5,200,000
El Camino Real, Belmont, CA 94002
--beds
--baths
13,358sqft
Five Or More Units,
Built in 1964
-- sqft lot
$5,129,100 Zestimate®
$389/sqft
$3,710 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 21, 2024 at 12:56am
Listed by:
Tim Gilmartin 00841354 650-348-2020,
Gilmartin Group
Bought with:
William Lee, 02216007
Nation Home Realty
Source: MLSListings Inc,MLS#: ML81911237

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Coin Operated
Interior area
- Total structure area: 13,358
- Total interior livable area: 13,358 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Carport, Electric Gate, Garage Door Opener
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Lot
- Size: 0.31 Acres
Details
- Parcel number: 045162180
- Zoning: R30000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units,
Materials
- Foundation: Other
- Roof: Foam
Condition
- Year built: 1964
Utilities & green energy
- Gas: IndividualGasMeters
- Water: Public
- Utilities for property: Water Public
Community & neighborhood
Location
- Region: Belmont
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan, Other
Services availability
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Estimated market value
$5,129,100
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
$5,129,100