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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

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    $37,987/mo

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    $37,987/mo

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    What's special

    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.

    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#: ML81932411MLS Logo

    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