Enter city, zip, neighborhood, address…
Description
Once-in-a-Lifetime Opportunity to Acquire an Extremely Well-Maintained, Generational, Trophy Asset. Pride of Ownership w/ 24 Oversized Apartment Home Units: (15) 2 BR/2 BA Units: 1,056 SF (9 Units) / 1,137 SF (6 Units)+(9) 1 BR/1 BA Units: 742 SF. All Units Offer Unobstructed/Panoramic Views of Belmont Hills. Convenient, Easy Access from HWYS 92/280/101. Quiet-Setting w/ Views and Excellent Belmont Schools. 24 Private Balconies, Individual Forced Air Furnaces, Enclosed Carports, Outdoor Parking, 1 Elevator, 3 Laundry Rooms, and More. Owner Invested $540,000+ in Capital Improvements (Dual-Pane Milgard Windows, Retaining Wall, Landscape Design, etc). Bonus 25th Unit: 557 SF Rec. Room Can Be 1 Additional Unit or On-Site Gym. Current CAP Rate: 3.00% / GRM: 18.5. Pro-Forma CAP Rate: 4.03% / GRM: 15.5. $480/SF. Dishwashers in All Units. Add In-Unit Washers/Dryers, LVT Flooring to Grow Rents Beyond Pro-Forma CAP/GRM. DRIVE-BY ONLY. PLEASE DO NOT DISTURB TENANTS, THANK YOU!
Location
Similar Listings
$650,000,000
MLS# 190052903
Listing Agent: Miguel Bush
Courtesy of: United Real Estate San Diego
9 Beds
16 Baths
$349,995,000
MLS# 22164533
Listing Agent: Peter Smyth
Courtesy of: Venus Louviere, Broker
16 Beds
22 Baths
$225,000,000
MLS# 22151323
Listing Agent: Kurt Rappaport
Courtesy of: Westside Estate Agency Inc.
14 Beds
27 Baths
$165,000,000
MLS# 22125547
Listing Agent: Drew Fenton
Courtesy of: Hilton & Hyland
10 Beds
21 Baths
$160,000,000
MLS# 21749292
Listing Agent: Mauricio Umansky
Courtesy of: The Agency
9 Beds
14 Baths
$150,000,000
MLS# 22166189
Listing Agent: Aaron Kirman
Courtesy of: Compass
8 Beds
12 Baths
$127,500,000
MLS# 22157481
Listing Agent: Jade Mills
Courtesy of: Coldwell Banker Realty
34 Beds
26 Baths
$125,000,000
MLS# 22159359
Listing Agent: Zach Goldsmith
Courtesy of: Hilton & Hyland
8 Beds
13 Baths
$110,000,000
MLS# 22127293
Listing Agent: Lisa Laughlin
Courtesy of: Sotheby's International Realty
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Don Sung Courtesy of: Colliers Parrish International The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 13th August, 2022 3:16 PM (UTC)
