1120 Elmer ST, Belmont, CA 94002
- $1,680,000
- 2,516
- SqFt
- List Price
- $1,680,000
- MLS#
- ML82051468
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 2,516
- Neighborhood
- Homeview / Sterling Downs
Property 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.
Additional Information
- Year Built
- 1953
- Sewer
- Sewer - Public
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Courtesy of Compass, Matthew Thomson.
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