Separately Metered
425-427 Wessex Way Belmont, CA 94002
425-427 Wessex Way, Belmont, CA, 94002
$1,799,000
For Sale
$1,799,000
Almost identical two-bedroom units offer private front and back yards with separate utility meters for each unit.
Property Size1,952 SF
Price / SF$921.62
Days on Market10
Property Features for 425-427 Wessex Way
General Information
- Standard status
- Active
- Size
- 1,952 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1953
Listing agency
Golden Star Mortgage & Real Estate
(415) 828-6736
Listed by
Anna Lam · License #01221015
(415) 828-6736
Source
Exitrealty
Added: Jul 13 Updated: Jul 20 at 5:25PM Checked: Jul 21 at 6:05AM
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 Golden Star Mortgage & Real Estate
Investment Insights
Based on property information with market context.
A pride-of-ownership duplex offering two almost identical units, each with 2 bedrooms and 1 bathroom. Unit #425 is vacant, and Unit #427 is currently rented. Both units have their own front and back yards, providing separate outdoor space for day-to-day living.
The property is separately metered for water, gas, and electricity, with tenants paying their own utilities. The duplex is located in a desirable neighborhood and is within walking distance to shops, public transportation including Caltrain, and nearby freeway access.
This layout supports a flexible use—either live in one unit while renting the other, or operate both units as income units. Each unit’s independence is further supported by the separate yard areas and metering.
The property is separately metered for water, gas, and electricity, with tenants paying their own utilities. The duplex is located in a desirable neighborhood and is within walking distance to shops, public transportation including Caltrain, and nearby freeway access.
This layout supports a flexible use—either live in one unit while renting the other, or operate both units as income units. Each unit’s independence is further supported by the separate yard areas and metering.
Key Highlights
- 1953‑built duplex with two almost identical 2‑bedroom, 1‑bath units
- Unit #425 is vacant; Unit #427 is currently rented for $3,400/month
- Separately metered utilities for each unit: water, gas, and electricity
Local 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 | $86.7k | $44.40 |
| − Vacancy | −$5.6k | −$2.89 |
| EGI | $81.0k | $41.51 |
| − OpEx | −$24.3k | −$12.45 |
| NOI | $56.7k | $29.06 |
1,952 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$810.4K
$709.1K – $945.4K
NOI $56,725 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$759.0K
$664.1K – $885.5K
NOI $53,128 @ 7.0% cap · market cap 2.95%
Theoretical Best
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,535 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Almost identical two-bedroom units offer private front and back yards with separate utility meters for each unit.
Where is this duplex located?
The property is located at 425-427 Wessex Way Belmont, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 1953‑built duplex with two almost identical 2‑bedroom, 1‑bath units; Unit #425 is vacant; Unit #427 is currently rented for $3,400/month; Separately metered utilities for each unit: water, gas, and electricity
