1120 Elmer Street, Belmont, CA — listing photo 1
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FOR SALE

1120 Elmer Street

Belmont, CA 94002
2,516 Sq Ft
Built 1953
$1,595,000
Price ReducedWas $1,680,000 — $1,595,000 (-$85,000)

Property Overview

PRICE IMPROVED!! Incredible opportunity to acquire a rarely available Fourplex in downtown Belmont that offers significant add-value for a new owner, with one unit already vacant and another coming vacant soon. 4.04% Day 1 Cap Rate with room to improve significantly ASAP! Renovate and achieve top market rents immediately! (4) One-Bedroom / One-Bath Units. Newly upgraded electrical system and new sewer lateral piping installed ($22k). Individual water heaters. Walking distance to Belmont Caltrain Station and Belmont Village Shopping Center. Walk Score: 88 (Very Walkable). Surrounded by major Life Science & Biotech Development Projects estimated to deliver 13,000 employees - high paying research, tech & life science jobs - potential future tenants! Close proximity to highly ranked schools including Carlmont High School (10/10 Rating). Ideal for owner-occupiers, value-add multifamily investors, small syndicators, 1031 exchange buyers, life-science workforce housing, and family offices.

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Home Details

Property type
Residential Income - Quadruplex
Year built
1953
Living area
2,516 sq ft
Lot size
4,748 sq ft
Carport
4 spaces
Stories
2
Days on market
109
MLS status
Active
Zoning
C40000

Features & Amenities

Parking

  • Carport

Security

  • Security Lights

Community, Schools & Utilities

Community

Annual property tax
$23,737

Schools

School district
Other

Utilities

Heating
WallFurnace
Cooling
None
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1120 Elmer Street

Belmont, CA 94002

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Frequently Asked Questions About 1120 Elmer Street

Property type: Residential Income

The current asking price is $1,595,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1120 Elmer Street. Our team will confirm availability and timing.
This property offers approximately 2,516 square feet of living space. It was built in 1953. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Belmont, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Belmont property.
The MLS currently reports the property as Active. It has been listed for 109 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Matthew Thomson
MLS ID: ML5100314

Available property

$1,595,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.