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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Adam S. Levin, DRE #01462752 • Marcus & Millichap

$ 6,880,000

Est. payment | -/mo

17,478 SqFt

Save

$ 6,880,000

Est. payment | -/mo

Save

17,478 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 17,478 sqft

Price per Sqft $393

MLS Listing ID ML82044230

Year Built 1961

Lot Size 0.486 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

The property has a total of 17,478 square feet of living space and is situated on approximately half an acre of land. The property has undergone extensive interior renovations complete with modern, high-end finishes including new cabinets, granite countertops, wood laminate flooring and stainless steel appliances. Each unit also benefits from its own private patio or balcony. The Carlmont Hills Apartments are centrally located in the heart of the Silicon Valley. Many of the nations top Tech employers are located within close proximity including Oracle, Sun Microsystems, Visa, Sony, Electronic Arts (EA), Franklin Templeton Investments as well as many others. The subject property also benefits from its close proximity to Ralston Avenue, which feeds directly into highways 92, 280 and 101 providing easy access to all major Bay Area locations. The investment appeal of this asset is driven by the areas strong employment fundamentals; low vacancy levels and consistent rental growth. Carlmont Hills Apartments is well positioned for significant NOI growth given its location and perpetual housing constraints in the market as well as the continued economic upturn in the Silicon Valley.

Location

State CA

County San Mateo

Area Belmont Woods Etc.

Zoning 1

Interior

Heating Central Forced Air

Cooling None

Exterior

Parking Features Carport

Garage Spaces 12.0

Pool Community Facility, Pool - In Ground

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 045-015-110

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2401 Carlmont DR Belmont, CA 94002