1120 Elmer Street, Belmont, CA 94002

Belmont
Local realty services provided by:ERA North Orange County Real Estate
1120 Elmer Street,Belmont, CA 94002
$1,595,000
  • - Beds
  • - Baths
  • 2,516 sq. ft.
  • Multi-family
  • Pending
Listed by: matthew thomson, bryan danforth
Office: compass415-874-5000
MLS#:ML82051468
Source:CRMLS

Price summary

  • Price:$1,595,000
  • Price per sq. ft.:$633.94

About this home

PRICE IMPROVED!! 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. 4.04% Day 1 Cap Rate with room to improve significantly ASAP! 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.

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Home facts

  • Year built:1953
  • Listing ID #:ML82051468
  • Added:148 day(s) ago
  • Updated:November 14, 2026 at 09:09 AM

Rooms and interior

  • Living area:2,516 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Flat
  • Year built:1953
  • Building area:2,516 sq. ft.
  • Lot area:0.11 Acres
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,595,000
  • Price per sq. ft.:$633.94
  • Tax amount:$23,737

Parking

  • Parking description:4 Carport Space(s), Carport
  • Carport spaces:4
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