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6 Garden Ct 8 Unit Apartment Building $3,950,000 ($493,750/Unit) 3.79% Cap Rate Belmont, CA 94002
Executive Summary
"A" Location in Belmont just steps away from the Library and Carlmont High School. 2 Story apartment building with 8 Units; six 1 bed/ 1 bath and two 2 bed/1 bath. Nice and quiet cul-de-sac near the intersection of Alameda De Las Pulgas and Ralston Avenue. Close to highway 280 and 101. Situated in the mountains of Belmont. Close to Hillsborough and Burlingame. Not far from downtown San Mateo shopping district. Most tenants are long-term and huge upside for additional rents. 3 apartments have large backyards and 5 with balconies. 8 carports. Walking distance to Carlmont Shopping Center. All units are occupied so we will not be able to tour without an offer. Please do not disturb tenants. Call agent for additional questions and rent roll.
Property Facts
| Price | $3,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $493,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 3.79% | Building Size | 7,282 SF |
| Gross Rent Multiplier | 17.7 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Price | $3,950,000 |
| Price Per Unit | $493,750 |
| Sale Type | Investment |
| Cap Rate | 3.79% |
| Gross Rent Multiplier | 17.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,282 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.09/1,000 SF |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Storage Space
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 045-061-180 | Improvements Assessment | $285,346 |
| Land Assessment | $76,947 | Total Assessment | $362,293 |
Property Taxes
Parcel Number
045-061-180
Land Assessment
$76,947
Improvements Assessment
$285,346
Total Assessment
$362,293
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6 Garden Ct
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