Two-Bedroom Apartment
For Sale
$2,495,000
3263 Belmont Avenue, El Cerrito, CA 94530
All units offer two bedrooms, with new appliances and flooring refreshed in most residences.
Property Size6,253 SF
Days on Market51
Property Features for 3263 Belmont Avenue
General Information
Standard status
Active
Size
6,253 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Average Monthly Rent
$2,200
Building Details
Building Size
6,253 SF
Year Built
1963
Units
8
Listing Agency:
NAI Northern California
Listed By:
Ethan Berger · License #CalDRE #01868467
(925) 588-9740
Source:
Nainorcal
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 7:10AM
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 NAI Northern California
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Investment Insights
Based on property information with market context.
Built in 1963, this apartment property has an all two-bedroom unit mix. Each residence received a new appliance package with a dishwasher, range, and refrigerator, while most units also feature updated flooring. Exterior painting was completed in 2025, and individual electrical panels have been recently replaced throughout the property.
The property is located 0.5 miles from El Cerrito Plaza BART and has Interstate 80 access within 0.5 miles. El Cerrito Plaza Shopping Center is nearby, with Trader Joe’s, Lucky, CVS, Peet’s Coffee, and Starbucks. Costco, Pacific East Mall, Central Park, and Creekside Park & Trail are also identified in the surrounding area. The property is subject to California’s statewide rent cap under AB 1482.
The property is located 0.5 miles from El Cerrito Plaza BART and has Interstate 80 access within 0.5 miles. El Cerrito Plaza Shopping Center is nearby, with Trader Joe’s, Lucky, CVS, Peet’s Coffee, and Starbucks. Costco, Pacific East Mall, Central Park, and Creekside Park & Trail are also identified in the surrounding area. The property is subject to California’s statewide rent cap under AB 1482.
Key Highlights
- 100% two‑bedroom unit mix
- New appliance packages in all units, including dishwashers, ranges, and refrigerators
- Exterior paint completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,401
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,988,020
$2.0M
Cap Rate 7%
$1,420,014
$1.4M
Cap Rate 9%
$1,104,456
$1.1M
Market Conditions
NOI Build-Up for 6,253 SF
Gross rent
$189.8K $30.36/SF
− Vacancy
−$9.1K −$1.46/SF
EGI
$180.7K $28.90/SF
− OpEx
−$81.3K −$13.01/SF
NOI
$99.4K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,988,020
Cap Rate 7%
$1,420,014
Cap Rate 9%
$1,104,456
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.24M – $1.66M
NOI $99,401 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,454 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 94530, CA
26,360
Population
11,404
Households
2.3
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
4.3 sq mi
ZIP Area
6,130
Density / Sq Mi
$127,731
Median Household Income
$66,739
Median Earnings
$2,434
Median Rent
$1,097,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All units offer two bedrooms, with new appliances and flooring refreshed in most residences.
Where is this apartment building located?
The property is located at 3263 Belmont Avenue El Cerrito, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 100% two‑bedroom unit mix; New appliance packages in all units, including dishwashers, ranges, and refrigerators; Exterior paint completed in 2025
