840 El Camino Real, Belmont

$6,150,000

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0 Bed
0 Bath
.31 Acre
0 Garage

SELLER FINANCING AVAILABLE! 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. Adjacent parcels may be available also

Essential Information

MLS® #
ML81911237
Price
$6,150,000
Bathrooms
0.00
Acres
0.31
Year Built
1964
Type
Commercial Sale
Status
Active

Community Information

Address
840 El Camino Real
Area
699 - Not Defined
City
Belmont
County
San Mateo
Zip Code
94002
Senior Community
N

Amenities

Parking Spaces
2

Interior

Heating
Wall Furnace
Cooling
None

Exterior

Roof
Foam

School Information

District
Other

Additional Information

Date Listed
October 22nd, 2022
Days on Market
549
Zoning
R30000

Listing Details

Agent
Tim Gilmartin
Office
Gilmartin Group
Property History
Price Reduced from $6,750,000 to $6,150,000
Price Reduced from $7,480,000 to $6,750,000
Price Reduced from $7,980,000 to $7,480,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 12th, 2024 at 7:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.