$ 5,385,000
840 El Camino Real Belmont, CA 94002
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$ 5,385,000
Est. payment | /mo
0.31 Acres Lot
$ 5,385,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML81911237
HOA Y/N No
Year Built 1964
Annual Tax Amount $59,200
Lot Size 0.310 Acres
Property Description
Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R30000
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 16
Roof Type Foam
Total Parking Spaces 2
Building
Water Public
Schools
School District Other
Others
Tax ID 045162180
Special Listing Condition Standard
Listed by Tim Gilmartin • Gilmartin Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "