901 Granada Street is an attractive two-story 18-unit multifamily building located in the desirable submarket of Belmont. The property consists of (16) generously sized 1+1 units ranging from 625-670 sq. ft. and (2) Jr. 1+1 units which are approximately 450 sq. ft each. 12 of the 18 units demonstrate varying levels of upgrades such as stone countertops and shaker-style cabinetry, updated flooring, and five units have in-wall A/C units. The well-maintained property is securitized, has 1:1 carport parking with storage lockers, double-pane windows, and copper plumbing. Tenants benefit from the property's close proximity to "daily needs" retail of Downtown Belmont, Belmont Caltrain Station, highly ranked Belmont-Redwood Shores School District, Twin Pines Park, Highway 101, and the diverse employment centers of the Peninsula. Nearby leasing activity demonstrates credible rental upside potential to achieve improved financial performance.
Sold for $6,100,000 on 07/27/23
$6,100,000
Granada St, Belmont, CA 94002
--beds
--baths
12,924sqft
Five Or More Units, Residential Income
Built in 1961
-- sqft lot
$5,833,300 Zestimate®
$472/sqft
$3,328 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 21, 2024 at 01:42am
Listed by:
Joel Hopman 01934574 415-722-2200,
Newmark Cornish & Carey 408-727-9600,
David O'such 01033820 650-465-1100
Bought with:
Joel Hopman, 01934574
Newmark Cornish & Carey
David O'such, 01033820
Cornish & Carey Commercial
Source: MLSListings Inc,MLS#: ML81932411
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Washer/Dryer
- Laundry: Coin Operated
Features
- Flooring: Carpet, Laminate, Tile
- Doors: None
Interior area
- Total structure area: 12,924
- Total interior livable area: 12,924 sqft
Property
Parking
- Parking features: Assigned, Covered, On Street
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.43 Acres
Details
- Parcel number: 040312130
- Zoning: R40000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Slab
- Roof: Composition, Shingle
Condition
- Year built: 1961
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public
Community & neighborhood
Location
- Region: Belmont
Other
Other facts
- Listing agreement: ExclusiveRightToSell
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Estimated market value
$5,833,300