REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Nate Gustavson • Compass
$ 5,000,000
Est. payment /mo
Active
1205 Geraldine Way Belmont, CA 94002
13,483 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,483 sqft
Price per Sqft $370
MLS Listing ID ML82015115
HOA Y/N No
Year Built 1969
Lot Size 0.275 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
1205 Geraldine Way is an extraordinarily well-maintained 12-unit apartment complex located in the exclusive Belmont Hills neighborhood of Belmont, California. --- NEW ROOF (40-year), NEW WINDOWS, NEW INTERIOR ELECTRICAL (BREAKERS) IN ALL UNITS, SEWER LATERAL CLEARED (2018), SB-721 COMPLETED, INSULATED ATTIC.-- Priced at $5,000,000, this multifamily investment property offers a unit mix of eleven (11) spacious 1-bedroom/1-bath units (700 sqft) and one (1) 2-bedroom/1-bath unit (940 sqft). --- 75% OF THE UNITS HAVE BEEN RECENTLY RENOVATED (Units 1, 3, 4, 5, 6, 7, 8, 11 & 12). The property features 14 parking spaces, individual tenant storage, and a coin-operated laundry machines. All units are individually metered for gas and electric. With an in-place GRM of 14.27, this stabilized asset generates over $350,388 in gross annual income. Ideally located near Carlmont Village Shopping Center and top-rated schools, this is an excellent opportunity for investors seeking solid in-place income and long-term value in one of the Peninsulas strongest rental markets. -- TURNKEY INVESTMENT OPPORTUNITY IN ONE OF THE MOST SOUGHT AFTER MARKETS IN SAN MATEO COUNTY.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate
Fireplace No
Window Features Double Pane Windows
Appliance Dishwasher, Refrigerator
Laundry Coin Operated
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
