1056 Continentals Way | Belmont, CA 94002
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1056 Continentals Way
Belmont, CA 94002
EASY TO MANAGE w/ EXCELLENT CASHFLOW! · Multifamily Property For Sale
·
24 Units
Investment Highlights
- *** NEW / Updated CAP Rate: 3.18% (Current Cap) and 4.10% (Pro-Forma Cap) with Sept. 1, 2022 Rent Increase ***
- All Spacious Units w/ Balconies! 15 of 24 Units (63%) are 2 BR/2 BA Units Over 1,000+ SF Each
- Bonus Room: Can be Converted to 25th Unit or Onsite Gym
- Panoramic, Unobstructed Views From Every Unit - Once-In-A-Lifetime Opportunity to Acquire One of a Kind Property!
- Ownership Invested Over $500k in Capital Improvements: Dual Pane Windows, Roof, Retaining Wall, Landscaping & More
- Rare Opportunity to Acquire an Extremely Well-Maintained, Pride-of-Ownership Property in the Same Family for 20+ Years
Property Facts
| No. Units | 24 | Building Size | 25,668 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.87/1,000 SF |
| Lot Size | 1.24 AC | ||
| Zoning | R4 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 25,668 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Patio
Site Amenities
- Laundry Facilities
- Security System
Property Taxes
| Parcel Number | 045-373-090 | Improvements Assessment | $5,069,880 |
| Land Assessment | $7,594,920 | Total Assessment | $12,664,800 |
Property Taxes
Parcel Number
045-373-090
Land Assessment
$7,594,920
Improvements Assessment
$5,069,880
Total Assessment
$12,664,800
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