Log In/Sign Up
Your email has been sent.
$57,000+/Mon Passive Income-Best Belmont Apt 2200 Village Ct 23 Unit Apartment Building $10,150,000 ($441,304/Unit) 4.11% Cap Rate Belmont, CA 94002
INVESTMENT HIGHLIGHTS
- Rarely Available, Generational 23 High-Quality Units w/ Spacious Floorplans & Panoramic View w/ Excellent Rental Upside
- SPACIOUS UNITS w/ Excellent Floorplans: (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF)
- Achieve 4.11% CAP / 15 GRM on In-Place Rents; Achieve 5.97% CAP / 11.3 GRM w/ 5 ADU's
- Easy-to-Manage, Strong Cashflow, Turnkey Opportunity w/ High Tenant Satisfaction and Low Tenant Turnover
- Potential to Convert 13 Carports w/ 9' Ceilings to Add 5 ADU at +/- 550 SF Each. Top to Bottom Elevator Access
EXECUTIVE SUMMARY
How Would you Like to Generate $57,000+/Month in Passive, Headache-Free Rental Income?
Why Buy a House w/ Limited Income and a Low Return (Maybe 2%) when you can Enjoy a 4.11%+ Return by Owning an Appreciable Real Asset in an A-Location w/ Excellent Schools?
OR Better Yet, Sell Your Highly-Appreciated Single Family Home w/ Only 1-Income and Buy a 23-Unit, Fully-Occupied w/ Excellent Tenants with Durable Income?
One of the VERY BEST Apartment Properties in the Peninsula. Easy to Rent and Manage. Walk to Carlmont Village. Rarely Available 23-Unit Asset in Highly Desirable Area. Iconic, One-of-a-Kind Generational Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. Excellent Public Schools (K to 12) Offer Rental Pricing Advantage. Walk to Carlmont High School. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. 41 Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport (14 Carports w/ 9' Ceilings) to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
Why Buy a House w/ Limited Income and a Low Return (Maybe 2%) when you can Enjoy a 4.11%+ Return by Owning an Appreciable Real Asset in an A-Location w/ Excellent Schools?
OR Better Yet, Sell Your Highly-Appreciated Single Family Home w/ Only 1-Income and Buy a 23-Unit, Fully-Occupied w/ Excellent Tenants with Durable Income?
One of the VERY BEST Apartment Properties in the Peninsula. Easy to Rent and Manage. Walk to Carlmont Village. Rarely Available 23-Unit Asset in Highly Desirable Area. Iconic, One-of-a-Kind Generational Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. Excellent Public Schools (K to 12) Offer Rental Pricing Advantage. Walk to Carlmont High School. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. 41 Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport (14 Carports w/ 9' Ceilings) to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$684,895
|
$27.63
|
| Other Income |
$9,780
|
$0.39
|
| Vacancy Loss |
$20,547
|
$0.83
|
| Effective Gross Income |
$674,128
|
$27.20
|
| Taxes |
$148,173
|
$5.98
|
| Operating Expenses |
$6,692
|
$0.27
|
| Total Expenses |
$154,865
|
$6.25
|
| Net Operating Income |
$519,263
|
$20.95
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $684,895 |
| Annual Per SF | $27.63 |
| Other Income | |
|---|---|
| Annual | $9,780 |
| Annual Per SF | $0.39 |
| Vacancy Loss | |
|---|---|
| Annual | $20,547 |
| Annual Per SF | $0.83 |
| Effective Gross Income | |
|---|---|
| Annual | $674,128 |
| Annual Per SF | $27.20 |
| Taxes | |
|---|---|
| Annual | $148,173 |
| Annual Per SF | $5.98 |
| Operating Expenses | |
|---|---|
| Annual | $6,692 |
| Annual Per SF | $0.27 |
| Total Expenses | |
|---|---|
| Annual | $154,865 |
| Annual Per SF | $6.25 |
| Net Operating Income | |
|---|---|
| Annual | $519,263 |
| Annual Per SF | $20.95 |
PROPERTY FACTS
| Price | $10,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $441,304 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 4.11% | Building Size | 24,785 SF |
| Gross Rent Multiplier | 15 | No. Stories | 3 |
| No. Units | 23 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R40000 | ||
| Price | $10,150,000 |
| Price Per Unit | $441,304 |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| Gross Rent Multiplier | 15 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 24,785 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R40000 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Property Manager on Site
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $2,350 | 650 - 731 |
| 2+1 | 9 | $3,150 | 840 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 045-022-230 | Total Assessment | $10,944,321 (2025) |
| Land Assessment | $3,249,639 (2025) | Annual Taxes | $148,173 ($5.98/SF) |
| Improvements Assessment | $7,694,682 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
045-022-230
Land Assessment
$3,249,639 (2025)
Improvements Assessment
$7,694,682 (2025)
Total Assessment
$10,944,321 (2025)
Annual Taxes
$148,173 ($5.98/SF)
Tax Year
2024
1 of 61
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
$57,000+/Mon Passive Income-Best Belmont Apt | 2200 Village Ct
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.