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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Adam Foley • CBRE, Inc., DRE#02144332

$4,850,000

Est. payment - /mo

3 Beds

2 Baths

13,483 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,483 sqft

Price per Sqft $359

MLS Listing ID ML82049442

Bedrooms 3

Full Baths 2

Year Built 1969

Lot Size 0.275 Acres

Property Sub-Type Five or More Units

Property Description

1205 Geraldine Way (the Property) is a multifamily asset built in 1969 situated on a 0.28 acre lot and comprised of twelve (12) units. The Property features a unit mix of eleven (11) one-bedroom/one-bathroom floorplans and one (1) two-bedroom/ one-bathroom floorplan. The Property interiors have been nicely renovated as tenants moved out, and recent capital improvements include: New roof, attic insulation & new double-paned windows for improved energy efficiency and comfort, new electrical subpanels, SB 721 compliance, sewer lateral replacement, and more. The Propertys premier location in Belmont generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in one of the most sought-after residential communities on the San Francisco Peninsula. Perfectly situated near Interstate 280, Highway 101, Highway 92, & Highway 82, this asset is just moments away from major employers such as Meta, Oracle, Electronic Arts, Salesforce, & Visa, as well as the Stanford Medicine Outpatient Center in neighboring Redwood City. In addition, the Property is within walking distance to Lunardis and Safeway and moments away from additional dining/shopping options in Downtown Belmont.

Location

State CA

County San Mateo

Area Belmont Woods Etc.

Zoning Multifamily

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Laminate, Tile

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 045-061-120

Security Features None

Special Listing Condition Not Applicable

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1205 Geraldine WAY Belmont, CA 94002