Historic Two-Story
For Sale
$2,595,000
1000 O Neill Street, Belmont, CA 94002
Two-unit, two-story duplex with a detached two-car garage on a large lot, offering flexible parking and storage.
Property Size3,023 SF
Lot Size0.41 Acres
Price / SF$858.42
Days on Market89
Property Features for 1000 O Neill Street
General Information
Standard status
Active
Size
3,023 SF
Lot size
0.41 Acres
Property subtype
Multi-family
Building Details
Year Built
1885
Stories
2
Tenancy
Multi
Listing Agency:
Landmark Real Estate Services
Listed By:
Abe Matar
(714) 497-3550
Source:
Sevengables
Added: May 5
Changed: Jul 30
Last Checked: Jul 31 at 4:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Real Estate Services
Investment Insights
Based on property information with market context.
This historic, two-story duplex features two spacious units, each with three bedrooms and two bathrooms. The total living area is approximately 3,023 sq.ft, and the property sits on an approximately 17,774 sq.ft lot. Constructed in 1885, the home’s historically significant exterior facade reflects early Belmont’s architectural character.
A detached approximately 600 sq.ft two-car garage includes additional storage, adding practical parking and flexibility for day-to-day use. The property’s distinctive scale and layout provide options that may suit owner-users, extended family, rental income, or long-term investment.
The detached garage and overall configuration also create the possibility for future modifications, including up to four units plus ADU potential, subject to buyer investigation and city approvals. The property is offered without BMR purchase requirements or local rental restrictions as stated, and it is ideally located near downtown Belmont, shopping, dining, parks, schools, Caltrain, and commute routes serving major Peninsula employment centers.
A detached approximately 600 sq.ft two-car garage includes additional storage, adding practical parking and flexibility for day-to-day use. The property’s distinctive scale and layout provide options that may suit owner-users, extended family, rental income, or long-term investment.
The detached garage and overall configuration also create the possibility for future modifications, including up to four units plus ADU potential, subject to buyer investigation and city approvals. The property is offered without BMR purchase requirements or local rental restrictions as stated, and it is ideally located near downtown Belmont, shopping, dining, parks, schools, Caltrain, and commute routes serving major Peninsula employment centers.
Key Highlights
- Built in 1885 with a historically significant exterior facade
- Two‑unit, two‑story duplex with three bedrooms and two bathrooms per unit
- Approximately 3,023 sq.ft total living area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.2k | $44.40 |
| − Vacancy | −$8.7k | −$2.89 |
| EGI | $125.5k | $41.51 |
| − OpEx | −$37.6k | −$12.45 |
| NOI | $87.8k | $29.06 |
3,023 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,848 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,277 @ 7.0% cap · market cap 3.17%
Theoretical Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $168,084 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,752
Businesses Nearby
Explore this area
Business Placement
Demographics for 94002, CA
28,513
Population
11,307
Households
2.5
Avg Household Size
40
Median Age
69%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
5,092
Density / Sq Mi
$204,573
Median Household Income
$120,322
Median Earnings
$2,889
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit, two-story duplex with a detached two-car garage on a large lot, offering flexible parking and storage.
Where is this duplex located?
The property is located at 1000 O Neill Street Belmont, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Built in 1885 with a historically significant exterior facade; Two‑unit, two‑story duplex with three bedrooms and two bathrooms per unit; Approximately 3,023 sq.ft total living area
