1056 Continentals Way
1056 Continentals Way
$12,000,000
—
27,735
27,735
$433
Sold 4/7/23
Description
Generational, Trophy Asset. Pride of Ownership w/ 24 Oversized Apartment Homes: (15) 2 BR/2 BA Units: 1,056 SF (9 Units) / 1,137 SF (6 Units)+(9) 1 BR/1 BA Units: 742 SF. All Units Offer Unobstructed/Panoramic Views of Belmont Hills. Convenient, Easy Access from HWYS 92/280/101. Quiet-Setting w/ Views and Excellent Belmont Schools. 24 Private Balconies, Individual Forced Air Furnaces, Enclosed Carports, Outdoor Parking, 1 Elevator, 3 Laundry Rooms, and More. Owner Invested $540,000+ in Capital Improvements...Generational, Trophy Asset. Pride of Ownership w/ 24 Oversized Apartment Homes: (15) 2 BR/2 BA Units: 1,056 SF (9 Units) / 1,137 SF (6 Units)+(9) 1 BR/1 BA Units: 742 SF. All Units Offer Unobstructed/Panoramic Views of Belmont Hills. Convenient, Easy Access from HWYS 92/280/101. Quiet-Setting w/ Views and Excellent Belmont Schools. 24 Private Balconies, Individual Forced Air Furnaces, Enclosed Carports, Outdoor Parking, 1 Elevator, 3 Laundry Rooms, and More. Owner Invested $540,000+ in Capital Improvements (Dual-Pane Milgard Windows, Retaining Wall, Landscape Design, etc). Bonus 25th Unit: 557 SF Rec. Room Can Be 1 Additional Unit or On-Site Gym. Current CAP Rate: 3.27% / GRM: 18. Pro-Forma CAP Rate: 4.21% / GRM: 15. $480/SF. Dishwashers in All Units. Add In-Unit Washers/Dryers, LVT Flooring to Grow Rents Beyond Pro-Forma CAP/GRM. Please do not disturb tenants, thank you!
- Listed by Don Sung • DRE #01935797 • Brokerage DRE #00490878 • Colliers Parrish International • 650-380-5188
Property Details for 1056 Continentals Way
MLS City Name
BELMONT
Building TypeOther
Complex NameHutton Terrace Apartments
Garage Spaces24
Parking Spaces0
ViewForest / Woods, Greenbelt, Hills, Panoramic, Valley
Cross StreetLyall Way
Location
LISTING UPDATED: 04/07/2023 06:35 PM
Property Details for 1056 Continentals Way
Status | Sold |
---|---|
MLS # | ML81914150 |
Days on Compass | 1 |
Taxes | $176,550 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1969 |
Lot Size | 1.24 AC / 54,014 SF |
County | San Mateo County |
Location
Building Information for 1056 Continentals Way
Stories-Residences-Year Built1969Building Size-Lot Size1.24 AC / 54,014 SF
Payment Calculator
$80,201 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1056 Continentals Way
Property History for 1056 Continentals Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1056 Continentals Way
Taxable ValueLand$1,764,979Additions$4,113,190Total$5,878,169
Tax Record2023$96,532 ($8,044 / month)
Home Facts
Baths4Total Finished SqFt27,735 SqFtAbove Grade Finished SqFt27,735 SqFtStories3Lot Size54,014 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningR40000CountySAN MATEOAPN045-373-090
Schools near 1056 Continentals Way
This home is within Belmont-Redwood Shores Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Cipriani Elementary School PublicK to 5 | ||
Ralston Intermediate School Public6 to 8 | ||
Carlmont High School Public9 to 12 | ||
Fox Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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