$1,680,000
 $9,019 est/mo Sourced by Back At You

1120 Elmer Street,Belmont, CA 94002

Belmont, CA 94002

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Description

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.

Details

MLS #ML82051468
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1953
Days On Site75
Listing Provided ByCompass | Matthew Thomson

Features

SQ Feet2,516
Car PortYes
Story(s)2
Building(s)1
ZoningC40000
Acreage0.11

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofFlat
Security FeaturesSecurity Lights
Foundation DetailsSlab

Parking

Parking FeaturesCarport
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Taxes

Property24693

Area Information

StateCA
CountySan Mateo
CityBelmont
Zip Code94002
Area699 Not Defined
Listing VS Median (in 94002)
Price:
$1,680,000
low | high
Med:
$3,000,000
28.571428571429% of Average
sqft:
2,516
low | high
Med:
3,057
28.497615262321% of Average
$ / sqft:
$668
low | high
Med:
$981
3.030515444647% of Average
On site:
75
low | high
Med:
69
100% of Average
Sourced by Back At You

Market Activity 94002

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountySan Mateo
CityBelmont
Zip Code94002
Area699 Not Defined
Listing VS Median (in 94002)
Price:
$1,680,000
low | high
Med:
$3,000,000
28.571428571429% of Average
sqft:
2,516
low | high
Med:
3,057
28.497615262321% of Average
$ / sqft:
$668
low | high
Med:
$981
3.030515444647% of Average
On site:
75
low | high
Med:
69
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.26M - $2.1M
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
1220 Sixth Avenue Property Photo 1
$2,798,950
1220 Sixth Avenue
Belmont, CA 94002
600 El Camino Real 101C Property Photo 1
$2,500,000
600 El Camino Real 101c
Belmont, CA 94002
Listing Updated: August 21, 2026 at 11:25:23 PM PDT
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