1120 Elmer Street, Belmont, CA 94002
San Mateo County
Key Facts
Description
Incredible opportunity to acquire a rarely available Fourplex in downtown Belmont that offers significant add-value for a new owner, with one unit already vacant and another coming vacant soon. Renovate and achieve top market rents immediately! (4) One-Bedroom / One-Bath Units. Newly upgraded electrical system and new sewer lateral piping installed ($22k). Individual water heaters. Walking distance to Belmont Caltrain Station and Belmont Village Shopping Center. Walk Score: 88 (Very Walkable). Surrounded by major Life Science & Biotech Development Projects estimated to deliver 13,000 employees - high paying research, tech & life science jobs - potential future tenants! Close proximity to highly ranked schools including Carlmont High School (10/10 Rating). Ideal for owner-occupiers, value-add multifamily investors, small syndicators, 1031 exchange buyers, life-science workforce housing, and family offices.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1953
Living Area
2,516 sq ft
Lot Size
4,748 sq ft
Zoning
C400
Days on Market
13
MLS® Listing#
ML82051468
Property Features
Heating
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
040332080
Affordability Calculator
$336,000
Estimated monthly payment
$8,942/mo
Principal $1,344,000 · Est. interest $1,875,000 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Belmont, CA
- $1,000,000
- Median Listing Price
- 37
- Median Days on Market
- 1,952
- Median Sq Ft
- $1,015
- Median Price / Sq Ft
- 113
- Active Listings
- This home’s price is 68% above the area median.
- Its price per sq ft is 34% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Belmont, CA.
Location
- 1120 Elmer Street, Belmont, CA 94002
Points of Interest in Belmont, CA
Showing the Belmont area map.
Nearby Schools
Little Lambs Montessori
Elementary · 0.1 mi away
Kidizens
School · 0.2 mi away
Challenge School
School · 0.2 mi away
Nesbit Elementary School
Elementary · 0.3 mi away
Central Elementary School
Elementary · 0.5 mi away
Challenge School
Elementary · 0.6 mi away
Compass High School
Secondary · 0.8 mi away
Notre Dame Belmont
Secondary · 0.8 mi away
Notre Dame Elementary School
Elementary · 0.9 mi away
Rocketship Public Schools
Elementary · 0.9 mi away
Charles Armstrong School
Elementary · 0.9 mi away
Design Tech High School
Secondary · 1.0 mi away
CCLC at Ea
School · 1.0 mi away
RSM San Mateo
School · 1.0 mi away
Edison Montessori School
Elementary · 1.1 mi away
Mariposa Upper Elementary School
Elementary · 1.1 mi away
Tierra Linda Middle School
Secondary · 1.1 mi away
Arundel Elementary
Elementary · 1.2 mi away
Carlmont Parents Nursery School
School · 1.2 mi away
Belmont Greek School
School · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2411 Carlmont Drive, Belmont, CA | $1,248,000 | 3 | 3 | 1,970 |
| 2411 Carlmont Drive 110, Belmont, CA | $1,248,000 | 3 | 3 | 1,970 |
| 2411 Carlmont Drive 110, Belmont, CA | $1,248,000 | 3 | — | 1,970 |
| 2411 Carlmont Drive 107, BELMONT, CA | $1,248,000 | 3 | — | 2,020 |
| 2411 Carlmont Drive, Belmont, CA | $1,248,000 | 3 | 3 | 2,020 |
| 2411 Carlmont Drive 107, Belmont, CA | $1,248,000 | 3 | 3 | 2,020 |
Moving Cost Estimate
EXIT Agents in Belmont
Listing Courtesy: Compass
Presented by: Matthew Thomson
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.