Sold
1056 Continentals WAY
BELMONT CA, 94002
$12,000,000
$432.67 per sqft
Sold
27,735 sqft
Multi-family
Built in 1969
Listed by Colliers Parrish International, Don Sung, Listing Contact: 6503805188
Generational, Trophy Asset. Pride of Ownership w/ 24 Oversized Apartment Homes: (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: 3.27% / GRM: 18. Pro-Forma CAP Rate: 4.21% / GRM: 15. $480/SF. Dishwashers in All Units. Add In-Unit Washers/Dryers, LVT Flooring to Grow Rents Beyond Pro-Forma CAP/GRM. PLEASE DO NOT DISTURB TENANTS, THANK YOU!
ML81914150
MLSⓇ ID
April 5, 2023
Listed
November 22, 2024
Updated
Map
1056 Continentals WAY
BELMONT CA, 94002
Interior Features
Interior Features
Elevator
Appliances
Dishwasher, Refrigerator, Oven, Range
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
1.24 Acres
Sewer
Public Sewer
School Information
School District
921
Other Property Details
Area Name
Belmont Woods Etc.
Garage
Yes
Garage Spaces
24
Parking Total
24
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
R40000
Listed by Colliers Parrish International, Don Sung,
Listing Contact: 6503805188
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Data last updated 5:08 AM UTC, 11/22/2024