CA > Belmont
Belmont, CA 94002,1205 Geraldine WAY
Belmont, CA 94002,1205 Geraldine WAY
Belmont, CA 94002,1205 Geraldine WAY
Belmont, CA 94002,1205 Geraldine WAY
Belmont, CA 94002,1205 Geraldine WAY
Belmont, CA 94002,1205 Geraldine WAY
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Jacqueline Case

Jacqueline Case

+1(562) 833-2523
$ 5,000,000
Est. payment | /mo

0.28 Acres Lot

Save
$ 5,000,000
Est. payment | /mo
Save

0.28 Acres Lot

OPEN HOUSE

Wed Jul 23, 11:00am - 1:00pm

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

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82015115

HOA Y/N No

Year Built 1969

Annual Tax Amount $54,825

Lot Size 0.275 Acres

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

Area 699 - Not Defined

Zoning Multifamily Residential

Interior

Heating Wall Furnace

Fireplace No

Exterior

Carport Spaces 14

Roof Type Composition,Shingle

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Carlmont

School District Other

Others

Tax ID 045061120

Special Listing Condition Standard

CRMLS – RECore
Listed by Nate Gustavson Compass
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 833-2523

jacquelinecase.realty@gmail.com

1420 Kettner Blvd., #100-300, San Diego, California, 92101, USA

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1205 Geraldine WAY