1120 Elmer Street

Belmont CA 94002

2516 sq. ft.

4748 sq. ft.

Duplex

Currently for sale - view listing

Overview

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

2516 sq. ft. floor area

4748 sq. ft. lot size

Duplex

Property history for 1120 Elmer Street

2024

Sold

$1,430,000

22 Jan 2024 by Victoria Kiley, of Compass

2006

Rented

Undisclosed

13 Jan 2006 by Heritage Realty

2005

Rented

Undisclosed

21 Jan 2005 by Heritage Realty

Happy sellers in Belmont

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