840 El Camino Real

Belmont, CA 94002

$5,685,000
Price
Beds
13,358 Sq. Ft.
$426 / Sq. Ft.
13,358
Sq. Ft.
$426
per Sq. Ft.

Description

Seller financing available! Take a look at our latest price improvement! 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...Seller financing available! Take a look at our latest price improvement! 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.
  1. Listed by Tim Gilmartin • DRE #00841354 • Brokerage DRE #00617005 • Gilmartin Group • 650-348-2020

Property Details for 840 El Camino Real

MLS City Name
BELMONT
Building Type
Other
Garage Spaces
0
Parking Spaces
2
Cross Street
Hill St.

Location

Listing Courtesy of Gilmartin Group, Tim Gilmartin, DRE #00841354
Add your commute
LISTING UPDATED: 04/02/2024 10:57 AM

Property Details for 840 El Camino Real

StatusActive
MLS #ML81911237
Days on Compass455
Taxes$67,650 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size0.31 AC / 13,503 SF
CountySan Mateo County

Location

Listing Courtesy of Gilmartin Group, Tim Gilmartin, DRE #00841354
Add your commute

Building Information for 840 El Camino Real

Stories-Residences-Year Built1964Building Size-Lot Size0.31 AC / 13,503 SF

Payment Calculator

$36,663 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,025

Property Taxes

$5,638

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 840 El Camino Real

Features
Features
  • Fireplace: No
  • Laundry: Coin Operated
  • Living SqFt: 13358
  • Pool: No
  • Security Features: Secured Garage / Parking, Security Fence
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: 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: Assigned Spaces, Carport, Electric Gate, Gate / Door Opener
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 15
  • Area Text: Belmont Country Club Etc.
  • Restrictions: None
  • Roof: Foam
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 840
  • Street Name: El Camino Real
  • Area ID: 362
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 13358
  • Structure SqFt Source: Assessor
  • Age: 58
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R30000
Location Information
  • City Limits: Yes
  • Directions: 1 block north of Ralston Ave. on El Camino Real
  • Incorporated: No
  • Parcel Number: 045-162-180
  • 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: Other
  • Lot Acres: .31
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 15
General Information
  • Annual Tax Amount: $67,650
  • Capitalization Rate: 5.60
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,520
  • Expense Landscape: $0
  • Expense Maintenance: $7,500
  • Expense Management: $7,500
  • Expense Trash: $8,300
  • Expenses Other: $1,800
  • Expenses Utility: $29,800
  • Expenses Total: $129,070
  • Operating Expenses Include: Contract Services, Fee - Property Tax, Insurance, Maintenance
  • Gross Rent Multiplier: 12.32
  • Income Annual Gross: $447,465
  • Income Annual Rental: $453,504
  • Income Gross Scheduled: $461,304
  • Income Other: $7,800
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Rent: $1,520
  • Unit 1 Type: Studio
Unit 2 Information
  • Unit 2 Approx Square Footage: 623
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,200
  • Unit 2 Type: Apartment
Unit 3 Information
  • Unit 3 Approx Square Footage: 864
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,700
  • Unit 3 Type: Apartment
Unit 4 Information
  • Unit 4 Approx Square Footage: 1116
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,800
  • Unit 4 Type: Apartment
Unit 5 Information
  • Unit5 Half Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 441
Listing Info
Rental Info
  • Lease Type: Net

Property History for 840 El Camino Real

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 840 El Camino Real

Taxable ValueLand$2,772,432Additions$2,772,432Total$5,544,864
Tax Record2023$79,873 ($6,656 / month)
Home Facts
Baths2.5Total Finished SqFt13,358 SqFtAbove Grade Finished SqFt13,358 SqFtStories2Lot Size13,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningR30000CountySAN MATEOAPN045-162-180

Schools near 840 El Camino Real

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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840 El Camino Real is a multi-family home for sale in Belmont, CA 94002. This property was listed for sale on October 22, 2022 by Gilmartin Group, it's currently listed at $5,685,000. It has been on the market for a total of 455 days and was last sold on April 6, 2015. This listing's school districts are Sequoia Union High School District, Belmont-Redwood Shores Elementary School District. Nearby schools include Nesbit Elementary School, Ralston Intermediate School and Carlmont High School. 840 El Camino Real is a 0-bed, 0-bath, 13,358 sqft multi-family home built in 1964.

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 Gilmartin Group, Tim Gilmartin, DRE #00841354

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.