Investment Overview

Marcus & Millichap is pleased to present 2431 Carlmont Drive in Belmont, CA. The asset was constructed in 1965 and sits on a 0.57 Acre lot, per county assessor. The property offers an exceptional unit mix consisting of four (4) studio units, eight (8) one-bedroom one-bathroom units, four (4) two-bedroom one-bathroom units, and four (4) two-bedroom two-bathroom units. 2431 Carlmont Drive is located at the end of a quiet residential neighborhood but within a five-minute drive of Carlmont Shopping Center which offers multiple shopping, eating, and entertainment options. Current ownership has put in over $100,000 of capital expenditures within the last few years, which include upgrading the swimming pool area and new balconies. However, a new investor will be offered the opportunity to add more value by upgrading the units further and pushing the rents up to market. In addition, the asset contains a 340-square-foot space that was formerly a sauna but is now used as storage. This unit can easily be converted to an additional studio unit, or used as a front office. Both options can be monopolized to maximize income for the owner. The asset offers quick access to Highway 280, Highway 101, and the San Mateo-Hayward bridge, all of which can be used to quickly access the major employers in the surrounding area.