23-Unit Apartment Building in
2200 Village Court Belmont, CA 94002
2200 Village Court, Belmont, CA, 94002
$10,150,000
For Sale
$10,150,000
High-end apartment building with 23 units in Carlmont Village.
Property Size24,785 SF
Price / SF$409.52
Days on Market171
Property Features for 2200 Village Court
General Information
- Standard status
- Active
- Size
- 24,785 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing Agency
COLLIERS PARRISH INTERNATIONAL, INC.
(408) 282-3800
Listed by
DON SUNG
Source
Corcoran
Added: Jan 26 Checked: Jul 16 at 7:21 am
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 COLLIERS PARRISH INTERNATIONAL, INC.
Investment Insights
Based on property information with market context.
This 23-unit apartment building is located in Carlmont Village. The property consists of fourteen 1-bedroom, 1-bathroom units ranging from approximately 644 to 736 square feet, and nine 2-bedroom, 1-bathroom units ranging from approximately 875 to 883 square feet. All units include dishwashers, with the potential to add in-unit washer/dryers. The property features covered carport parking spaces, tenant storage, and elevator access to all floors. There is an opportunity to convert approximately 2,565 square feet of enclosed carport space with 9-foot ceilings into five additional 1-bedroom or studio ADUs. The property has had over $500,000 in capital expenditure investments, including dual-pane windows, roof upgrades, copper plumbing, and an 800 AMP Square D panel. The property has a Walk Score of 80, indicating walkability to Carlmont Village, and offers quick access to Freeways 280 and 101. The building has a total size of 24,785 square feet.
Key Highlights
- High monthly rental income of $57,000 with potential for $11,250 more via ADUs.
- Located in a highly desirable A+ location in Carlmont Village.
- 23‑unit apartment building with a mix of large 1 and 2‑bedroom units.
Local Financial Insights For Apartment 5plus
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 | $1.29M | $52.20 |
| − Vacancy | −$67.3k | −$2.71 |
| EGI | $1.23M | $49.49 |
| − OpEx | −$551.9k | −$22.27 |
| NOI | $674.6k | $27.22 |
24,785 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$9.64M
$8.43M – $11.24M
NOI $674,575 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$19.69M
$17.23M – $22.97M
NOI $1,378,091 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Village Square Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - High-end apartment building with 23 units in Carlmont Village.
Where is this apartment building located?
The property is located at 2200 Village Court Belmont, CA.
What is the asking price?
The asking price for this property is $10,150,000.
What are key features of this property?
This property features: High monthly rental income of $57,000 with potential for $11,250 more via ADUs.; Located in a highly desirable A+ location in Carlmont Village.; 23‑unit apartment building with a mix of large 1 and 2‑bedroom units.
