1120 Elmer St, Belmont, CA, 94002
About This Home
Incredible opportunity to acquire a rarely available Fourplex in downtown Belmont that offers significant add-value for a new owner, with one unit already vacant and another coming vacant soon. Renovate and achieve top market rents immediately! (4) One-Bedroom / One-Bath Units. Newly upgraded electrical system and new sewer lateral piping installed ($22k). Individual water heaters. Walking distance to Belmont Caltrain Station and Belmont Village Shopping Center. Walk Score: 88 (Very Walkable). Surrounded by major Life Science & Biotech Development Projects estimated to deliver 13,000 employees - high paying research, tech & life science jobs - potential future tenants! Close proximity to highly ranked schools including Carlmont High School (10/10 Rating). Ideal for owner-occupiers, value-add multifamily investors, small syndicators, 1031 exchange buyers, life-science workforce housing, and family offices.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1953
Materials
- Foundation: Slab
- Roof: Flat
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Residential Income
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Door features: None
Heating & Cooling
- Heating features: Gas,Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 2,516
- Total interior livable area: 2,516 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 040332080
- Zoning: C40000
- Special condition: Standard
Features
- Stories: 2
Lot
- Lot size: 4,748 sqft
Parking
- Total spaces: 4
- Parking features: Carport
- Covered spaces: 4
- Carport: Yes
- Carport spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Coastal Flooding
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in San Mateo County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,494 | $101,928 |
| Home Insurance * | $143 | $1,716 |
| Property Taxes | $2,103 | $25,236 |
| Electricity | $539 | $6,474 |
| Total | $11,279 | $135,348 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-04 | Listed for sale | $1,680,000 |
| 2026-07-01 | Contingent | $1,680,000 |
| 2026-06-18 | Listed for sale | $1,680,000 |
| 2024-01-22 | Sold | $1,430,000 |
| 2023-12-14 | Pending sale | $1,598,000 |
| 2023-11-07 | Listed for sale | $1,598,000 |
| 2023-11-03 | Contingent | $1,598,000 |
| 2023-09-30 | Listed for sale | $1,598,000 |
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