1205 Geraldine WAY, Belmont, CA 94002

$4,850,000
13,483
SqFt

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List Price
$4,850,000
MLS#
ML82049442
Status
ACTIVE
Property Type
com
Sqft. of Residence
13,483
Lot Size
12,000
Listing Area
Belmont Woods Etc.
Year Built
1969

Property Description

1205 Geraldine Way (the Property) is a multifamily asset built in 1969 situated on a 0.28 acre lot and comprised of twelve (12) units. The Property features a unit mix of eleven (11) one-bedroom/one-bathroom floorplans and one (1) two-bedroom/ one-bathroom floorplan. The Property interiors have been nicely renovated as tenants moved out, and recent capital improvements include: New roof, attic insulation & new double-paned windows for improved energy efficiency and comfort, new electrical subpanels, SB 721 compliance, sewer lateral replacement, and more. The Propertys premier location in Belmont generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in one of the most sought-after residential communities on the San Francisco Peninsula. Perfectly situated near Interstate 280, Highway 101, Highway 92, & Highway 82, this asset is just moments away from major employers such as Meta, Oracle, Electronic Arts, Salesforce, & Visa, as well as the Stanford Medicine Outpatient Center in neighboring Redwood City. In addition, the Property is within walking distance to Lunardis and Safeway and moments away from additional dining/shopping options in Downtown Belmont.

Additional Information

Age
57
Cooling System
Ceiling Fan
Floor Covering
Laminate, Tile
Foundation
Concrete Slab
Garage Parking
Assigned Spaces, Carport
Heating System
Wall Furnace
Laundry Facilities
Coin Operated
Living Area
13,483
Lot Size
12,000
Neighborhood
Belmont Woods Etc.
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Shingle
Sewer
Sewer - Public
Special Features
None
Total Number Of Units
12
Unincorporated Yn
Yes
Zoning
Multifamily

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Adam Foley from CBRE, Inc.. 408-893-8063

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