About 1120 Elmer St
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.
Features of 1120 Elmer St
| MLS® # | ML82051468 |
|---|---|
| Price | $1,680,000 |
| Square Footage | 2,516 |
| Square Footage | Assessor |
| Acres | 0.11 |
| Year Built | 1953 |
| Type | Multi-Residential |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 1120 Elmer St |
|---|---|
| Area | Homeview / Sterling Downs |
| City | BELMONT |
| County | San Mateo |
| State | CA |
| Zip Code | 94002 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Garages | Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Gas, Wall Furnace |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Flat / Low Pitch |
|---|---|
| Foundation | Concrete Slab |
Additional Information
| Zoning | C40000 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Matthew Thomson |
|---|---|
| Office | Compass |
| Contact Info | 650-515-6555 |