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Sold for $5,200,000
  • $5,200,000

    El Camino Real, Belmont, CA 94002

    5beds
    5baths
    13,358sqft
    Five Or More Units, Residential Income
    Built in 1964
    -- sqft lot
    $5,378,300 Zestimate®
    $389/sqft
    $4,604 Estimated rent

    Home value

    $5,378,300

    $4.73M - $6.13M

    $4,604/mo

    Zestimate® history
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    $4,604/mo

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    $32,763/mo

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    $32,763/mo

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    What's special

    Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Gilmartin 00841354 650-348-2020,

    Gilmartin Group 650-348-2020

    Bought with:

    William Lee, 02216007

    Nation Home Realty

    Source: MLSListings Inc,MLS#: ML81911237MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Coin Operated
    Interior area
    • Total structure area: 13,358
    • Total interior livable area: 13,358 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Assigned, Carport, Electric Gate, Garage Door Opener
    • Has carport: Yes
    Accessibility
    • Accessibility features: Parking
    Lot
    • Size: 0.31 Acres
    Details
    • Parcel number: 045162180
    • Zoning: R30000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Other
    • Roof: Foam
    Condition
    • Year built: 1964

    Utilities & green energy

    • Gas: IndividualGasMeters
    • Water: Public
    • Utilities for property: Water Public

    Community & HOA

    Location
    • Region: Belmont

    Financial & listing details

    • Price per square foot: $389/sqft
    • Date on market: 10/22/2022
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan, Other
    • Lease term: Month To Month

    Price history

    DateEventPrice
    12/2/2024Sold$5,200,000-3.4%$389/sqft
    Source: MLSListings Inc #ML81911237 Report a problem
    10/28/2024Contingent$5,385,000$403/sqft
    Source: MLSListings Inc #ML81911237 Report a problem
    9/3/2024Listed for sale$5,385,000$403/sqft
    Source: MLSListings Inc #ML81911237 Report a problem
    8/2/2024Contingent$5,385,000$403/sqft
    Source: MLSListings Inc #ML81911237 Report a problem
    5/13/2024Price change$5,385,000-5.3%$403/sqft
    Source: MLSListings Inc #ML81911237 Report a problem
    4/2/2024Price change$5,685,000-7.6%$426/sqft
    Source: MLSListings Inc #ML81911237 Report a problem
    2/1/2024Listed for sale$6,150,000$460/sqft
    Source: MLSListings Inc #ML81911237 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Central

    Nearby schools

    GreatSchools rating
    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.

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    Estimated market value
    $5,378,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,378,300