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840 El Camino Real

Belmont, CA 94002
  • $5,385,000
  • STATUS: Active Under Contract
  • ON SITE: 740 Days
  • ID#: ML81911237
Under Contract
UPDATED: 37 min ago
$5,385,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

School District:
Listing Agent(s): Tim Gilmartin of Gilmartin Group ((650) 348-2020)


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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T20:35:22.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Action Realty. Licensed in the State of California, USA.
www.actionrealtyca.com/homes/134183509
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840 El Camino Real Belmont, CA 94002

  • Price: $5,385,000
  • Status: Active Under Contract
  • On Site: 740 Days
  • Updated: 37 min ago
  • ID#: ML81911237
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1964
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
School District:
Other
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
Exterior Features

Carport Spaces 16 Carport YN Yes Parking Total 2 Roof Foam

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 474384 Insurance Expense 22000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 23000 Other Expense 1800 Special Listing Conditions Standard Tax Annual Amount 59200 Trash Expense 8300 Water Source Public Zoning R30000



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T20:35:22.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Action Realty. Licensed in the State of California, USA.
 
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Action Realty
1664 Montgomery St
Oroville CA, 95965
Listing Agent(s): Tim Gilmartin of Gilmartin Group ((650) 348-2020)