The Villa
7 Unit Apartment Building | $2,728,000 ($389,714/Unit) | 3.43% Cap Rate | Belmont, CA 94002
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,728,000
- Property Type
-
Multifamily
- Square Feet
- 3,738 SF
Listing Contacts
Nate Gustavson
Verified Profile
Cameron Foster
Verified Profile
- Property Info
Property Overview
909 Villa Avenue is a charming 1920's multifamily investment property featuring seven (7) units, conveniently located across from the Carlmont Shopping Center in Belmont, California. Ideally located near Lunardi’s Market, Starbucks, Ace Hardware and directly adjacent to the famous Lorenzo’s Sandwich shop; this property is situated on an extra large 11,000 sqft lot giving way to 3,738 sqft of rentable space and a unit mix consisting of (3) Studio units, (3) 1-bedroom/1-bathroom units and (1) two-bedroom/one-bath unit. Additionally, within half a mile of the property is Notre Dame De Namur University, which has recently been the subject of exciting news—Stanford has announced plans to purchase and convert the university into a satellite campus, sure to bring up values of all property in the surrounding areas.
Property Details
- Class
- C
- Year Built
- 1925
- Stories
- 2
- Lot Size (sq. ft)
- 10,890 SF
- Units
- 7
Highlights
- Large 11,000 Square Foot Lot
- Notre Dame University-1/2 mile (Stanford University plans on purchasing to convert to a satellite Stanford Campus)
- Right Across from Carlmont Shopping Center (Lunardi's, Starbucks, Bank of America, Ace, UPS)
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