For sale

$1,680,000

1120 Elmer St, Belmont, CA 94002

4beds

4baths

2,516sqft

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Quadruplex, Residential Income

Built in 1953

-- sqft lot

$1,699,300 Zestimate^®

$668/sqft

$-- HOA

What's special

Incredible opportunity to acquire a rarely available Fourplex in downtown Belmont that offers significant add-value for a new owner, with one unit already vacant and another coming vacant soon. Renovate and achieve top market rents immediately! (4) One-Bedroom / One-Bath Units. Newly upgraded electrical system and new sewer lateral piping installed ($22k). Individual water heaters. Walking distance to Belmont Caltrain Station and Belmont Village Shopping Center. Walk Score: 88 (Very Walkable). Surrounded by major Life Science & Biotech Development Projects estimated to deliver 13,000 employees - high paying research, tech & life science jobs - potential future tenants! Close proximity to highly ranked schools including Carlmont High School (10/10 Rating). Ideal for owner-occupiers, value-add multifamily investors, small syndicators, 1031 exchange buyers, life-science workforce housing, and family offices.

33 days

790

36

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Gas, Wall Furnace

Cooling

None

Features

Doors: None

Interior area

Total structure area: 2,516
Total interior livable area: 2,516 sqft

Property

Parking

Total spaces: 4
Parking features: Carport
Carport spaces: 4

Accessibility

Accessibility features: None

Features

Stories: 2

Lot

Size: 4,748 Square Feet

Details

Parcel number: 040332080
Zoning: C40000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Residential Income

Materials

Foundation: Slab
Roof: Flat

Condition

Year built: 1953

Utilities & green energy

Gas: IndividualGasMeters
Sewer: Public Sewer
Water: Public
Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters

Community & HOA

Location

Region: Belmont

Financial & listing details

Price per square foot: $668/sqft
Tax assessed value: $1,458,600
Annual tax amount: $24,693
Date on market: 6/18/2026
Listing agreement: ExclusiveRightToSell
Inclusions: Building, FixturesandEquipment, Land
Lease term: Month To Month

Estimated market value

$1,699,300

$1.61M - $1.78M

$4,001/mo

Price history

Date	Event	Price
7/4/2026	Listed for sale	$1,680,000$668/sqft
Source: MLSListings Inc #ML82051468 Report a problem
7/1/2026	Contingent	$1,680,000$668/sqft
Source: MLSListings Inc #ML82051468 Report a problem
6/18/2026	Listed for sale	$1,680,000+17.5%$668/sqft
Source: MLSListings Inc #ML82051468 Report a problem
1/22/2024	Sold	$1,430,000-10.5%$568/sqft
Source: MLSListings Inc #ML81943692 Report a problem
12/14/2023	Pending sale	$1,598,000$635/sqft
Source: MLSListings Inc #ML81943692 Report a problem
11/7/2023	Listed for sale	$1,598,000$635/sqft
Source: MLSListings Inc #ML81943692 Report a problem
11/3/2023	Contingent	$1,598,000$635/sqft
Source: MLSListings Inc #ML81943692 Report a problem
9/30/2023	Listed for sale	$1,598,000$635/sqft
Source: MLSListings Inc #ML81943692 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$22,203 +82.2%	$1,458,600 +161.6%
2024	$12,188 -2.5%	$557,561 +2%
2023	$12,507 +3%	$546,629 +2%
2022	$12,142 +2.6%	$535,912 +2%
2021	$11,837 +13.6%	$525,405 +1%
2020	$10,418 -5.7%	$520,019 +2%
2019	$11,043 +9.3%	$509,824 +2%
2018	$10,104 +2.7%	$499,828 +2%
2017	$9,842 +16.2%	$490,028 +2%
2016	$8,468 +4.1%	$480,421 +1.5%
2015	$8,135	$473,206 +2%
2014	$8,135	$463,938 +0.5%
2013	--	$461,842 +2%
2012	--	$452,788
2011	--	$452,788 +2.8%
2010	--	$440,595 -0.2%
2009	--	$441,643 +2%
2008	--	$432,984 +2%
2007	--	$424,495 +2%
2006	--	$416,172
2005	--	$416,172 +4%
2004	--	$400,013 +1.9%
2003	--	$392,683 +2%
2002	--	$384,985 +2%
2001	--	$377,437 +2%
2000	--	$370,037

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Homebire

Getting around

88 / 100

Very Walkable

73 / 100

Very Bikeable

Nearby schools

GreatSchools rating

6/10
Nesbit Elementary School
Grades: K-8Distance: 0.3 mi
10/10
Carlmont High School
Grades: 9-12Distance: 1.3 mi
10/10
Ralston Intermediate School
Grades: 6-8Distance: 2.2 mi

Schools provided by the listing agent

District: BelmontRedwoodShoresElementary

Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.