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    Geraldine Way Belmont, CA 94002

    For Sale
    $5,000,000

    Well-maintained 12-unit apartment complex in Belmont Hills neighborhood.

    Property size:
    13,483 SF
    Lot size:
    0.28 Acres

    Property Features for Geraldine Way

    General Information

    Standard status
    Active
    Size
    13,483 SF
    Lot size
    0.28 Acres

    Building Details

    Year built
    1969

    Source: COMPASS Agent NATE GUSTAVSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belmont Hills Apartment Complex

    The property at Geraldine Way is a well-maintained 12-unit apartment complex located in the Belmont Hills neighborhood of Belmont, California. The multifamily investment property features eleven 1-bedroom/1-bath units of 700 square feet each, and one 2-bedroom/1-bath unit of 940 square feet. Seventy-five percent of the units have been recently renovated. The property has 14 parking spaces, individual tenant storage, and coin-operated laundry machines. All units are individually metered for gas and electric. The property benefits from a new 40-year roof, new windows, and new interior electrical breakers in all units. The sewer lateral was cleared in 2018, and SB-721 has been completed. The attic is insulated. The stabilized asset generates over $350,388 in gross annual income. The property is ideally located near Carlmont Village Shopping Center and top-rated schools, presenting an opportunity for investors seeking income and long-term value in one of the Peninsula's rental markets.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Belmont
    County
    San Mateo
    State
    California
    Longitude
    -122.292425
    Latitude
    37.506945

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 12-unit apartment complex in Belmont Hills neighborhood.
    Where is this apartment building located?
    The property is located at Geraldine Way Belmont, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Stabilized asset generating over $350,388 in gross annual income in a sought-after San Mateo County location.; - 75% of units recently renovated, offering immediate appeal to tenants.; - New roof (40-year), new windows, and new interior electrical (breakers) in all units, minimizing near-term capital expenditures.
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    Geraldine Way Belmont, CA 94002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Geraldine Way Belmont, CA 94002
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