Pride-of-Ownership
425427 Wessex Way Belmont, CA 94002
425427 Wessex Way, Belmont, CA, 94002
$1,799,000
For Sale
$1,799,000
Duplex with two nearly identical 2-bed, 1-bath units, separately metered utilities, and private front and backyards.
Property Size1,952 SF
Price / SF$921.62
Days on Market11
Property Features for 425427 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 22 at 11:03PM Checked: Jul 22 at 11:03PM
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.
This pride-of-ownership duplex offers two almost identical units, each with two bedrooms and one bathroom. Unit 425 is currently vacant, while Unit 427 is occupied and rented at $3,400 per month. The property is separately metered for water, gas, and electricity, with tenants responsible for their own utilities. Each unit also has its own front and back yard space.
Located in a desirable neighborhood, the property is within walking distance to shops and is near public transportation, including Caltrain, as well as freeway access. It is also noted as being close to great Belmont schools.
Ideal for an owner-occupant who wants to live in one unit and rent the other, or for buyers seeking to hold both units as income-producing residential rentals.
Located in a desirable neighborhood, the property is within walking distance to shops and is near public transportation, including Caltrain, as well as freeway access. It is also noted as being close to great Belmont schools.
Ideal for an owner-occupant who wants to live in one unit and rent the other, or for buyers seeking to hold both units as income-producing residential rentals.
Key Highlights
- Duplex built in 1953 with two nearly identical 2‑bed, 1‑bath units
- Unit #427 is currently rented for $3,400/month; Unit #425 is vacant
- Units are separately metered for water, gas, and electricity (tenants pay their own utilities)
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 - Duplex with two nearly identical 2-bed, 1-bath units, separately metered utilities, and private front and backyards.
Where is this duplex located?
The property is located at 425427 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: Duplex built in 1953 with two nearly identical 2‑bed, 1‑bath units; Unit #427 is currently rented for $3,400/month; Unit #425 is vacant; Units are separately metered for water, gas, and electricity (tenants pay their own utilities)
