Listed By:
Tim Gilmartin with Gilmartin Group - 650-348-2020
Address
840 El Camino Real, Belmont, CA
Price
$ 5,685,000
Property Attributes
  • MLS#ML81911237
  • TypeMulti-Family
  • CountySAN MATEO
  • CityBelmont
  • AreaBelmont Country Club Etc.
  • Zip94002
  • Style
  • Price$ 5,685,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13358
  • Lot Size0.31 Acres
Data Source:
MLSListings Inc.
Property Description

SELLER FINANCING AVAILABLE! Take a look at our latest price improvement! 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.

Price History
10/22/2022 Listed $7,980,000
12/2/2022 7% - $7,480,000
3/19/2023 10% - $6,750,000
6/19/2023 9% - $6,150,000
4/2/2024 8% - $5,685,000

General Features

Heating Wall Furnace
Cooling None
Utilities Individual Electric Meters,Individual Gas Meters
Roof Foam
Water Public
# of Buildings 1
Security Features Secured Garage / Parking,Security Fence
Restrictions None
Year Built 1964
Age 58
Property SubType Five or More Units
City Limits (Y/N) Yes
Zoning Text R30000
Accessibility Parking
County San Mateo
Property Type Commercial Multi-Residential (5+ units)
Special Listing Conditions Not Applicable
Status Active
City BELMONT
MLS Area Belmont Country Club Etc.
Listing Agent State License 00841354

Interior Features

Unit 1 Rent 1520
Unit 2 Approx Square Footage 623
Unit 3 Approx Square Footage 864
Living SqFt 13358
Unit 4 Approx Square Footage 1116
Unit 2 Number of Bedrooms 1
Laundry Features Coin Operated

Exterior Features

Parking Features Assigned Spaces,Carport,Electric Gate,Gate / Door Opener
Parking Spaces 2
Lot Size Area 13503.00
Maximum Lot Size 13503.00
Sewer/Septic Sewer Connected
Meters Separate Electric,Separate Gas
Foundation Details Other
Building Area Total 13358
Lot Acres 0.3100
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94002

Price
AVG $5.47M
$5.69M
Visits
AVG 89
81
Data Provided by Inside Real Estate®
Year Built
AVG 1964
1964

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