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2311 Carlmont Dr 19 Unit Apartment Building $8,500,000 ($447,368/Unit) 6.50% Cap Rate Belmont, CA 94002

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EXECUTIVE SUMMARY

• First time on the market in 40 years!
• Below Market Rent
• Below Market Cost Per Square Foot
• Excellent Unit Mix with Large Unit Sizes
• Pitched Roof
• Owner has completed many property upgrades
• Well-Maintained
• Storage Units: 19 (Approx. 40-50 sq.ft each)
• Parking Spaces: 31 Total
- 28 (10 Single Carports, 9 Double Carports)
- 3 Front Parking Non-Tuck

PROPERTY FACTS

Price	$8,500,000	Apartment Style	Low-Rise
Price Per Unit	$447,368	Building Class	C
Sale Type	Investment	Lot Size	0.61 AC
Cap Rate	6.50%	Building Size	23,629 SF
Sale Condition	Building in Shell Condition	No. Stories	2
No. Units	19	Year Built	1961
Property Type	Multifamily	Parking Ratio	1.31/1,000 SF
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park
Zoning	R30000

Price	$8,500,000
Price Per Unit	$447,368
Sale Type	Investment
Cap Rate	6.50%
Sale Condition	Building in Shell Condition
No. Units	19
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.61 AC
Building Size	23,629 SF
No. Stories	2
Year Built	1961
Parking Ratio	1.31/1,000 SF
Zoning	R30000