About 1205 Geraldine Way
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.
Features of 1205 Geraldine Way
| MLS® # | ML82049442 |
|---|---|
| Price | $4,850,000 |
| Square Footage | 13,483 |
| Acres | 0.28 |
| Year Built | 1969 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 1205 Geraldine Way |
|---|---|
| Area | Belmont Woods Etc. |
| City | BELMONT |
| County | San Mateo |
| State | CA |
| Zip Code | 94002 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Garages | Assigned Spaces, Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Ceiling Fan |
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|---|
| Foundation | Concrete Slab |
Additional Information
| Zoning | Multifamily |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Adam Foley |
|---|---|
| Office | CBRE, Inc. |
| Contact Info | 408-893-8063 |