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1617 Sixth Ave
Belmont, CA 94002
Multifamily Property For Sale
·
17 Units
Investment Highlights
- Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations
- 1617 & 1621 Sixth Ave offers beautifully designed units consisting of (1) studio, (4) one-bedroom and (12) two-bedroom floor plans
- Tenants and residents enjoy access to air conditioning, new flooring, lighting, kitchen cabinets, countertops, appliances, backsplashes, washers/dryer
- Potential Exit Strategy - The subject property is situated on two separate contiguous parcels that can be sold together or separately
- Current ownership has implemented an extensive renovation program including updated landscaping, parking, balconies and patios
Property Facts
| No. Units | 17 | Building Size | 8,346 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.92/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | R3, Belmont | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,346 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1962 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | R3, Belmont |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Views
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 630 |
| 1+1 | 4 | - | 725 |
| 2+1 | 12 | - | 915 |
Property Taxes
| Parcel Number | 045-255-180 | Improvements Assessment | $1,694,000 |
| Land Assessment | $2,106,000 | Total Assessment | $3,800,000 |
Property Taxes
Parcel Number
045-255-180
Land Assessment
$2,106,000
Improvements Assessment
$1,694,000
Total Assessment
$3,800,000
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