2311 Carlmont Dr, Belmont, CA 94002
Two-story, 19-unit apartment building in excellent Belmont location.
- Added:
- Feb 20, 2026
- Days on Market:
- 128
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2311 Carlmont Dr
General Information
- Standard status
- Active
- Size
- 23,629 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing office Coldwell Banker Commercial Westbay Real Estate Group
Listing date Feb 20, 2026
Source Crexi
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 Coldwell Banker Commercial Westbay Real Estate Group
HighLights
- Excellent Belmont Location
- Excellent Unit Mix: Diverse unit sizes including 2 and 3 bedroom options
- Below Market Rents offering potential for increased revenue
- Tuck under covered parking with 22 total spaces
- Swimming Pool amenity
- Well‑Maintained property with many upgrades completed by the owner
Overview
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 | $1.23M | $52.20 |
| − Vacancy | −$64.1k | −$2.71 |
| EGI | $1.17M | $49.49 |
| − OpEx | −$526.2k | −$22.27 |
| NOI | $643.1k | $27.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belmont
- County
- San Mateo
- State
- California
- Longitude
- -122.298582
- Latitude
- 37.509444
