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Masonic Way, Belmont, CA, 94002

3beds
3baths
10,072sqft
$6,850,000
$680price/sqft
$40,978/moest. monthly cost
$1,639,120/yrincome needed

About This Home

Introducing The Avatar Apartments at 631 Masonic Way in Belmont. This truly in a class of its own property underwent a fully permitted gut renovation in 2021-2022. This 10 unit asset consists of (3) 2 bed/1 bath units, (6) 1 bed/1 bath units, and (1) studio. The incredibly light and bright homes all have laminate plank and tile flooring, custom tile showers, dual pane windows, plus in-unit laundry. The kitchens feature quartz countertops, subway tile backsplashes, shaker-style cabinets with soft-close doors and drawers, stainless steel appliances, dishwashers, and undermount sinks. New 400 watt power was pulled from the street and the main panels and sub-panels have been updated. An earthquake retrofit has been completed and a new steel exterior staircase was added. This secured mid-century modern masterpiece boasts stunning interior hallways flooded with natural light from the soaring clerestory roof and skylights. Not to be outdone, the location has a WalkScore of 90, is 1/10 of a mile to CalTrain and a stone's throw to retail on Ralston/Downtown Belmont. Easy access to HWY 101 and blocks to Twin Pines Park, Belmont City Hall and Notre Dame De Namur University. Electrical car charging on-site plus (8) tuck-under parking and (3) 1 car garages + (3) tandem.

Getting Around

85
WalkingVery Walkable
0
TransitVery Limited Transit
81
BikeVery Bikeable

Schools

6/10
Nesbit Elementary SchoolGrades K-80.1 mi
10/10
Carlmont High SchoolGrades 9-121.5 mi
10/10

Construction

Condition

  • Year built: 1964

Materials

  • Foundation: Concrete Perimeter and Slab
  • Roof: Flat

Type & Style

  • Home type: MultiFamily
  • Property subType: Five Or More Units,Residential Income

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Door features: None

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: None

Interior Area

  • Total structure area: 10,072
  • Total interior livable area: 10,072 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 040313200
  • Zoning: Multi-family
  • Special condition: Standard

Lot

  • Lot size: 9,940 sqft

Parking

  • Total spaces: 3
  • Parking features: Assigned
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Carport: Yes

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
    EarthquakeRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Coastal Flooding
Inland Flooding

FEMA Declared Disasters in San Mateo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $34,637$415,644
Home Insurance *$586$7,032
Property Taxes $3,596$43,152
Electricity $2,159$25,917
Total$40,978$491,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,404,960/yr
40% on housing$1,229,340/yr
45% on housing$1,092,746/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

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.

Insurance Growth Rate5-year average: 7.1%
7.1%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$680This listing

vs Other Active Listings

Avg $/sqft

ZIP 94002$927
San Mateo County$915

vs Homes Sold Last Month

Median $/sqft

ZIP 94002$1,226
San Mateo County$1,106

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

DateEventPrice
2026-06-01Listed for sale$6,850,000

For Sale by Agent

AgentSteve Zirelli
BrokerageCornish & Carey Commercial

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