$5,000,000

1205 Geraldine Way, Belmont, CA 94002

13,483 sqft

other
Built in 1969
0.28acre lot
—— car garage
$371/sqft
Listed 3 months ago

Property Description

1205 Geraldine Way is an extraordinarily well-maintained 12-unit apartment complex located in the exclusive Belmont Hills neighborhood of Belmont, California. --- NEW ROOF (40-year), NEW WINDOWS, NEW INTERIOR ELECTRICAL (BREAKERS) IN ALL UNITS, SEWER LATERAL CLEARED (2018), SB-721 COMPLETED, INSULATED ATTIC.-- Priced at $5,000,000, this multifamily investment property offers a unit mix of eleven (11) spacious 1-bedroom/1-bath units (700 sqft) and one (1) 2-bedroom/1-bath unit (940 sqft). --- 75% OF THE UNITS HAVE BEEN RECENTLY RENOVATED (Units 1, 3, 4, 5, 6, 7, 8, 11 & 12). The property features 14 parking spaces, individual tenant storage, and a coin-operated laundry machines. All units are individually metered for gas and electric. With an in-place GRM of 14.27, this stabilized asset generates over $350,388 in gross annual income. Ideally located near Carlmont Village Shopping Center and top-rated schools, this is an excellent opportunity for investors seeking solid in-place income and long-term value in one of the Peninsulas strongest rental markets. -- TURNKEY INVESTMENT OPPORTUNITY IN ONE OF THE MOST SOUGHT AFTER MARKETS IN SAN MATEO COUNTY.

Listing Status:: Active
Date Added:: July 18, 2025 at 05:00AM
Listing Office:: Compass : 415-874-5000
Listing Agent:: Nate Gustavson : 415-786-9410
MLS ID:: ML82015115

Appliances: DishwasherRefrigerator
Laundry: Coin Operated
Flooring: Laminate
A/C: Ceiling Fan(s)
Heating: Wall Furnace
Eco/Green Feature: Ceiling Insulation

Parking: CoveredAssigned

Roofing: Shingle
Windows: Double Pane Windows

County: San Mateo

Zoning: Mult045061120

This listing courtesy of Nate Gustavson, Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cipriani Elementary School

2525 Buena Vista Ave, Belmont, CA, 94002

Grades KG-5

0.97 miles away

Ralston Middle School

2675 Ralston Ave, Belmont, CA, 94002

Grades 6-8

1.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.