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    Property profile & analytics
    OFF-MARKET Estimated value $530,000
    Apartment buildings

    2241 Vlg Ct, Belmont, CA 94002-3436

    4,412 SF 0.13 ac lot Built 1963
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US10-3169351
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $505k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $530k
    Owner & transaction history
    Village Court Management LLC · 6 yrs held
    Village Court Management LLC
    since 2020
    Last sale
    $540,000
    7 recorded transactions
    2020
    2019
    $540,000
    2019
    2018
    2016
    2005
    $1.1M
    2005
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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