Belmont, CA 94002,2200 Village CT
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Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
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Edie Israel

Edie Israel

+1(714) 623-3543
$ 10,150,000
Est. payment /mo
Save
Active

2200 Village CT Belmont, CA 94002

0.53 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82032286

HOA Y/N No

Year Built 1965

Annual Tax Amount $148,173

Lot Size 0.532 Acres

Property Description

Achieve $57,000/Month in Stable Rental Income from a Diversified, 23-Tenant, High-End Apartment in an A+ Location. What a Great Way to Retire and Achieve Reliable Cashflow + Value Appreciation + Tax Advantages (Depreciation). Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.12% / Pro-Forma CAP Rate: 5.02%. In-Place GRM: 14.6 / Pro-Forma GRM: 12.9. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R40000

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 37

Roof Type Other

Building

Water Public

Schools

School District Other

Others

Tax ID 045022230

Special Listing Condition Standard

CRMLS – RECore
Listed by Don Sung Colliers Parrish International, Inc.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Cipriani Elementary School

    Public | KG - 5

  • 10

    Foster City Elementary

    Public | KG - 5

  • 9

    Arundel Elementary

    Public | PK - 4

  • 9

    San Carlos Charter Learning Center

    Public | KG - 8

  • 9

    Tierra Linda Middle School

    Public | 5 - 8

  • 9

    Fox Elementary School

    Public | KG - 5

  • 9

    Central Elementary School

    Public | KG - 5

  • 8

    Heather School

    Public | PK - 4

  • 8

    Baywood Elementary School

    Public | KG - 5

  • 7

    Clifford School

    Public | KG - 8

  • 7

    Nesbit Elementary School

    Public | KG - 8

  • 7

    Bresford Elementary

    Public | KG - 5

  • 6

    George Hall Elementary School

    Public | KG - 5

  • 5

    Meadow Heights Elementary School

    Public | KG - 5

  • 4

    Laurel Elementary School

    Public | KG - 5

  • 4

    Fiesta Gardens International Elementary School

    Public | KG - 5

  • 1

    San Mateo County Special Education

    Public | KG - 12

  • 0

    Jean Weingarten Peninsula Oral School for the Deaf

    Private | PK - KG

  • 0

    White Oaks School

    Public | PK - 3

  • 0

    St Charles School

    Private | KG - 8

Middle Schools 7
  • 10

    Central Middle School

    Public | 6 - 8

  • 10

    Ralston Middle School

    Public | 6 - 8

  • 6

    Borel Middle School

    Public | 6 - 8

  • 5

    Abbott Middle School

    Public | 6 - 8

  • 0

    Canyon Oaks Youth Center

    Public | 8 - 12

  • 0

    Gateway Center

    Public | 7 - 12

  • 0

    Fusion Academy San Mateo

    Private | 6 - 12

High Schools 8
  • 10

    Aragon High School

    Public | 9 - 12

  • 9

    Carlmont High School

    Public | 9 - 12

  • 8

    Hillsdale High School

    Public | 9 - 12

  • 0

    Margaret J. Kemp

    Public | 9 - 12

  • 0

    Notre Dame High School

    Private | 9 - 12

  • 0

    San Mateo County Regional Occupational Program

    Public | 11 - 12

  • 0

    Junipero Serra High School

    Private | 9 - 12

  • 0

    Compass High School

    Private | 9 - 12

School and business data provided by Attom Data.
Edie Israel

Edie Israel

Agent | License ID: 01399225

+1(714) 623-3543

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