8
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$6,880,000
Est. payment /mo
0.49 Acres Lot
New
2401 Carlmont DR Belmont, CA 94002
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82044230
HOA Y/N No
Year Built 1961
Annual Tax Amount $121,965
Lot Size 0.486 Acres
Property Description
The property has a total of 17,478 square feet of living space and is situated on approximately half an acre of land. The property has undergone extensive interior renovations complete with modern, high-end finishes including new cabinets, granite countertops, wood laminate flooring and stainless steel appliances. Each unit also benefits from its own private patio or balcony. The Carlmont Hills Apartments are centrally located in the heart of the Silicon Valley. Many of the nations top Tech employers are located within close proximity including Oracle, Sun Microsystems, Visa, Sony, Electronic Arts (EA), Franklin Templeton Investments as well as many others. The subject property also benefits from its close proximity to Ralston Avenue, which feeds directly into highways 92, 280 and 101 providing easy access to all major Bay Area locations. The investment appeal of this asset is driven by the areas strong employment fundamentals; low vacancy levels and consistent rental growth. Carlmont Hills Apartments is well positioned for significant NOI growth given its location and perpetual housing constraints in the market as well as the continued economic upturn in the Silicon Valley.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning 1
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Carport Spaces 16
Roof Type Composition
Total Parking Spaces 12
Building
Water Public
Schools
School District Other
Others
Tax ID 045015110
Special Listing Condition Standard
Listed by Adam S. Levin Marcus & Millichap #01462752
NEARBY SCHOOL & BUSINESS
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