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Geraldine Way, Belmont, CA, 94002

3beds
2baths
13,483sqft
$4,850,000
$360price/sqft
$30,376/moest. monthly cost
$1,215,040/yrincome needed

About This Home

1205 Geraldine Way (the Property) is a multifamily asset built in 1969 situated on a 0.28 acre lot and comprised of twelve (12) units. The Property features a unit mix of eleven (11) one-bedroom/one-bathroom floorplans and one (1) two-bedroom/ one-bathroom floorplan. The Property interiors have been nicely renovated as tenants moved out, and recent capital improvements include: New roof, attic insulation & new double-paned windows for improved energy efficiency and comfort, new electrical subpanels, SB 721 compliance, sewer lateral replacement, and more. The Propertys premier location in Belmont generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in one of the most sought-after residential communities on the San Francisco Peninsula. Perfectly situated near Interstate 280, Highway 101, Highway 92, & Highway 82, this asset is just moments away from major employers such as Meta, Oracle, Electronic Arts, Salesforce, & Visa, as well as the Stanford Medicine Outpatient Center in neighboring Redwood City. In addition, the Property is within walking distance to Lunardis and Safeway and moments away from additional dining/shopping options in Downtown Belmont.

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

8/10
10/10
10/10
Carlmont High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1969

Materials

  • Foundation: Slab
  • Roof: Shingle

Type & Style

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

Interior

Appliances

  • Laundry features: Coin Operated

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Door features: None
  • Flooring: Laminate,Tile

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 13,483
  • Total interior livable area: 13,483 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 045061120
  • Zoning: Multifamily
  • Special condition: Standard

Lot

  • Lot size: 0.28 Acres

Parking

  • Parking features: Assigned,Carport
  • Carport: Yes