10-Unit Renovated Apartment
For Sale
$3,840,245
630 Masonic Way, Belmont, CA 94002
Ten one-bedroom, one-bathroom residences include private patios or balconies at seven units.
Property Size10,048 SF
Lot Size0.23 Acres
Price / SF$382.19
Days on Market137
Property Features for 630 Masonic Way
General Information
Standard status
Active
Size
10,048 SF
Net Rentable
10,048 SF
Lot size
0.23 Acres
Property subtype
Multifamily
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Amenities
private patios and balconies
Building Details
Year Built
1964
Stories
2
Listing Agency:
CBRE - San Jose
Listed By:
Jon Teel · License #02023945
(408) 603-7772
Source:
Cbre
Added: Jun 2
Changed: Oct 2
Last Checked: Oct 14 at 10:09PM
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 CBRE - San Jose
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 10,048 rentable square feet across 10 one-bedroom, one-bathroom units. The residences have been renovated, and seven include private patios or balconies. Built in 1964, the asset occupies a 0.23-acre lot and is located at 630 Masonic Way in Belmont, California.
The consistent unit configuration provides a straightforward multifamily layout, while the private outdoor areas add a distinct feature to seven residences. The property combines a compact site with a renovated 10-unit apartment offering in an established California location.
The consistent unit configuration provides a straightforward multifamily layout, while the private outdoor areas add a distinct feature to seven residences. The property combines a compact site with a renovated 10-unit apartment offering in an established California location.
Key Highlights
- 10,048 rentable square feet on a 0.23‑acre lot
- 10 renovated one‑bedroom, one‑bathroom units
- Seven units include private patios or balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$273,477
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,469,540
$5.5M
Cap Rate 7%
$3,906,814
$3.9M
Cap Rate 9%
$3,038,633
$3.0M
Market Conditions
NOI Build-Up for 10,048 SF
Gross rent
$524.5K $52.20/SF
− Vacancy
−$27.3K −$2.71/SF
EGI
$497.2K $49.49/SF
− OpEx
−$223.8K −$22.27/SF
NOI
$273.5K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,469,540
Cap Rate 7%
$3,906,814
Cap Rate 9%
$3,038,633
Alternative Uses
Best Use
Apartment 5plus
$3.91M
$3.42M – $4.56M
NOI $273,477 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.98M
$6.98M – $9.31M
NOI $558,687 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
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Business Placement
Demographics for 94002, CA
28,513
Population
11,307
Households
2.5
Avg Household Size
40
Median Age
69%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
5,092
Density / Sq Mi
$204,573
Median Household Income
$120,322
Median Earnings
$2,889
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten one-bedroom, one-bathroom residences include private patios or balconies at seven units.
Where is this apartment building located?
The property is located at 630 Masonic Way Belmont, CA.
What is the asking price?
The asking price for this property is $3,840,245.
What are key features of this property?
This property features: 10,048 rentable square feet on a 0.23‑acre lot; 10 renovated one‑bedroom, one‑bathroom units; Seven units include private patios or balconies
