Property profile

2241 Vlg Ct Belmont, CA 94002

OFF-MARKET
Apartment buildings
Property ID
US10-3169351
4,412 SF 0.13 ac lot Built 1963
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a five-unit commercial apartment building situated at 2241 Village Court, Belmont, CA. The property encompasses 4,412 square feet on a 0.13-acre lot. The building comprises four one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Currently, three units are occupied, generating immediate rental income, while two units are vacant, offering potential for increased revenue. Each unit boasts attractive wood floors and a fully equipped kitchen, enhancing their appeal to a wide range of tenants. Convenient dedicated parking is provided for each unit, adding to the property's desirability. The building's strong rental history and the potential for further income growth from the vacant units make this an attractive proposition for investors seeking to expand their portfolio or capitalize on the robust rental market in Belmont. The asking price for this well-maintained property is $2,488,888. This presents a compelling opportunity to acquire a stable, income-generating asset in a desirable location.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1963
Total area 4,412 SF
Lot 0.13 ac (5,792 SF)
APN 045-022-180
UPID US10-3169351

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2241 Vlg Ct Belmont, CA 94002-3436
Belmont metro Census 608900 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k

Owner & transaction history

since 2020
Last sale
$540,000
7 recorded transactions
2020
Price N/A
2019
$540,000
2019
Price N/A
2018
Price N/A
2016
Price N/A
2005
$1.1M
2005
$1.1M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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