840 El Camino Real, Belmont, CA 94002 – ML81911237 - Pete Ruiz

REQUEST A TOUR

In-PersonVirtual Tour

Pete Ruiz

peteruiz@kw.com +1(831) 277-8712

$ 5,385,000

Est. payment | -/mo

5 Beds

4.5 Baths

13,358 SqFt

Save

$ 5,385,000

Est. payment | -/mo

Save

5 Beds

4.5 Baths

13,358 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 13,358 sqft

Price per Sqft $403

MLS Listing ID ML81911237

Bedrooms 5

Full Baths 4

Half Baths 1

Year Built 1964

Lot Size 0.310 Acres

Property Description

Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing

Location

State CA

County San Mateo

Area Belmont Country Club Etc.

Zoning R30000

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport , Electric Gate, Gate / Door Opener

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Foam

Building

Foundation Other

Sewer Sewer Connected

Water Public

Others

Restrictions None

Tax ID 045-162-180

Security Features Secured Garage / Parking,Security Fence

Special Listing Condition Not Applicable

Listed by Tim Gilmartin • Gilmartin Group

GET MORE INFORMATION

Pete Ruiz

Agent | License ID: 01974535

peteruiz@kw.com

+1(831) 277-8712

7777 Alvarado Rd, La Mesa, CA, 91942, USA