840 El Camino Real
Belmont, CA 94002
0.31 acres | #ML81911237
Description
Another Large Price Reduction. The Seller is Motivated. 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. Ask about Seller Financing
Property Details
- Acres0.31
Construction Details
- Property TypePurchase
Condition
- Year Built1964
Utilities / Energy Details
- Utility SourcePublic
Community and Neighborhood Details
- CountySan Mateo
- School DistrictOther
Financial Details
- Original List Price$7,980,000
- Taxes Annual$59,200
Other
- MLS #ML81911237
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Tim Gilmartin (#ML101114)
Listing Office: Gilmartin Group (#ML29394)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
