840 El Camino Real

Belmont, CA 94002

PRICE REDUCED

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-$2,595,000 (-32.52%)

$5,385,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1964

calendar_month Built

Property 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

Listing Information

List Price $5,385,000
Status Active
MLS ML81911237
HOA $0
Type Commercial
Year Built 1964
Lot Size 13,503
Structure Size N/A
DOM 633
Courtesy Of Gilmartin Group
Listing Agent Tim Gilmartin DRE#00841354

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Tim Gilmartin, Gilmartin Group . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 5th, 2024 at 5:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.