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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Nate Gustavson • Compass

$5,000,000

Est. payment - /mo

13,483 SqFt

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OPEN HOUSE

Wed Jul 30, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 13,483 sqft

Price per Sqft $370

MLS Listing ID ML82015115

HOA Y/N No

Year Built 1969

Lot Size 0.275 Acres

Property Sub-Type Other

Source Datashare MLSListings

Property Description

1205 Geraldine Way is an extraordinarily well-maintained 12-unit apartment complex located in the exclusive Belmont Hills neighborhood of Belmont, California. Priced at $5,000,000, this multifamily investment property offers a unit mix of eleven (11) spacious 1-bedroom/1-bath units (700 sqft) and one (1) 2-bedroom/1-bath unit (940 sqft). Recent capital improvements include a Brand New Roof (2024) with a 40-year life expectancy, dual-pane windows, circuit breakers throughout, and half of the units have been recently renovated (1,4,6,8,11 & 12). The sewer lateral was replaced and cleared in 2018, SB-721 inspections are completed, and the attic was insulated to improve energy efficiency and tenant comfort. The property features 14 parking spaces, individual tenant storage, and a coin-operated laundry machines. All units are individually metered for gas and electric. With an in-place GRM of 14.87, this stabilized asset generates over $338,000 in gross annual income. Ideally located near Carlmont Village Shopping Center and top-rated schools, this is an excellent opportunity for investors seeking solid in-place income and long-term value in one of the Peninsulas strongest rental markets.

Location

State CA

County San Mateo

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s)

Flooring Laminate

Fireplace No

Window Features Double Pane Windows

Appliance Dishwasher, Refrigerator

Laundry Coin Operated

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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1205 Geraldine Way Belmont, CA 94002

Sean Beattie Jr.

OPEN HOUSE

Key Details

Location

Interior

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