1617 6th Avenue

Belmont, CA 94002

$4,150,000
Last Sold Price
Beds
8,346 Sq. Ft.
$497 / Sq. Ft.
8,346
Sq. Ft.
$497
per Sq. Ft.

Description

1617 Sixth Avenue is a recently renovated 8-unit apartment community in the highly desirable and affluent city of Belmont, California. Situated on a 9,000 square foot parcel of land, the subject property was originally constructed in 1960 and has a gross building area of approximately 8,346 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. From 2016-2018, current ownership has implemented an extensive renovation program at the property. The subject property...1617 Sixth Avenue is a recently renovated 8-unit apartment community in the highly desirable and affluent city of Belmont, California. Situated on a 9,000 square foot parcel of land, the subject property was originally constructed in 1960 and has a gross building area of approximately 8,346 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. From 2016-2018, current ownership has implemented an extensive renovation program at the property. The subject property has undergone capital improvements including, updated landscaping, parking, balconies and patios. Select units have been meticulously renovated with air conditioning, new flooring, lighting, kitchen cabinets, countertops, backsplashes, appliances, ceiling fans and in-unit washers/dryers. Tenants and residents also enjoy access to convenient community amenities including private two-car tandem parking and storage rooms.
  1. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap • 650-492-0934
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1617 6th Avenue

MLS City Name
BELMONT
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

Sold By KW Advisors, Yolanda Wong, DRE #02145951; KW Advisors, Edward Pozzi, DRE #01886379

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LISTING UPDATED: 08/30/2022 09:56 AM

Property Details for 1617 6th Avenue

StatusSold
MLS #ML81894399
Days on Compass35
Taxes$55,044 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.21 AC / 9,000 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

Sold By KW Advisors, Yolanda Wong, DRE #02145951; KW Advisors, Edward Pozzi, DRE #01886379

Add your commute

Building Information for 1617 6th Avenue

Stories-Residences-Year Built1960Building Size-Lot Size0.21 AC / 9,000 SF

Payment Calculator

$27,235 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,648

Property Taxes

$4,587

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1617 6th Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 8346
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Central AC
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 16
Garage
  • Garage and Parking: Carport, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Carlmont
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1617
  • Street Name: Sixth
  • Street Suffix: Avenue
  • Area ID: 363
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 8346
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Zoning Detail: R30000
Location Information
  • Parcel Number: 045-255-180
  • County Name: San Mateo
  • City Name: BELMONT
  • City Postal ID: 4
  • Postal Code: 94002
  • Elementary School District: 921
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .21
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $55,044
  • Capitalization Rate: 4.21
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,937
  • Expense Landscape: $2,520
  • Expense Maintenance: $2,400
  • Expense Management: $0
  • Expense Trash: $4,392
  • Expenses Other: $600
  • Expenses Utility: $6,232
  • Expenses Total: $75,125
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 16.07
  • Income Annual Gross: $247,536
  • Income Annual Rental: $252,600
  • Income Gross Scheduled: $255,192
  • Income Other: $2,592
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $0
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Approx Square Footage: 915
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $0
  • Unit 2 Type: Apartment
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 725
  • Unit Type1 Units Total: 3
Unit Type 2
  • Unit Type2 Units Total: 5
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1617 6th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1617 6th Avenue

Taxable ValueLand$2,300,000Additions$1,850,000Total$4,150,000
Tax Record2023$57,933 ($4,828 / month)
Home Facts
Baths8Total Finished SqFt8,346 SqFtAbove Grade Finished SqFt8,346 SqFtStories2Lot Size9,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR30000CountySAN MATEOAPN045-255-180

Schools near 1617 6th Avenue

This home is within Sequoia Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Nesbit Elementary School
PublicK to 8

Ralston Intermediate School
Public6 to 8

Carlmont High School
Public9 to 12

Central 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.