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1220 Sixth Ave 7 Unit Apartment Building $2,798,950 ($399,850/Unit) 5.66% Cap Rate Belmont, CA 94002
Investment Highlights
- Excellent location for redevelopment and build 15 to 17 units
Executive Summary
This is a great Seven-unit apartment building with a mix of two-bedroom, one-bedroom, and studio units. There is a two-car carport with ample open parking for the other units. Approved for a 50-foot-high unit apartment. Great location in the heart of Belmont's Business District. Steps from Safeway, City Hall, Police, Fire Department, Twin Pines Senior and Community Center, Walking Trails, and great shops and restaurants. Ground-floor units with ample parking and visibility.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$187,500
|
$64.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,500
|
$64.30
|
| Taxes |
$11,000
|
$3.77
|
| Operating Expenses |
$5,368
|
$1.84
|
| Total Expenses |
$16,368
|
$5.61
|
| Net Operating Income |
$171,132
|
$58.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $187,500 |
| Annual Per SF | $64.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $187,500 |
| Annual Per SF | $64.30 |
| Taxes | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $3.77 |
| Operating Expenses | |
|---|---|
| Annual | $5,368 |
| Annual Per SF | $1.84 |
| Total Expenses | |
|---|---|
| Annual | $16,368 |
| Annual Per SF | $5.61 |
| Net Operating Income | |
|---|---|
| Annual | $171,132 |
| Annual Per SF | $58.69 |
Property Facts
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Wi-Fi
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $2,200 | 350 |
| 1+1 | 1 | $2,313 | 850 - 1,000 |
| 2+1 | 1 | $3,200 | 1,000 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 045-181-090 | Total Assessment | $412,142 |
| Land Assessment | $169,955 | Annual Taxes | $11,000 ($3.77/SF) |
| Improvements Assessment | $242,187 | Tax Year | 2025 |
Property Taxes
Parcel Number
045-181-090
Land Assessment
$169,955
Improvements Assessment
$242,187
Total Assessment
$412,142
Annual Taxes
$11,000 ($3.77/SF)
Tax Year
2025
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Contact the Sale Advisor
1220 Sixth Ave