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$ 4,850,000
Est. payment | /mo
0.28 Acres Lot
$ 4,850,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82049442
HOA Y/N No
Year Built 1969
Annual Tax Amount $71,845
Lot Size 0.275 Acres
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 699 - Not Defined
Zoning Multifamily
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 14
Roof Type Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 045061120
Special Listing Condition Standard
Listed by Adam Foley CBRE, Inc. #02144332
Nearby Locations