Investment Overview

2239 & 2241 Village Ct is an exceptional 10-unit multi-family community located in the hills of Belmont, CA, one of the strongest rental markets. Situated on two contiguous parcels of land totaling 11,325 square feet, the subject property was originally constructed in 1963 and features a gross building area of approximately 8,824 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, nine out of the ten units have been remodeled within the last ten years. Tenants enjoy convenient community amenities such as private tuck-under parking and an on-site laundry facility. 2239 & 2241 Village Ct is centrally located in the heart of the Silicon Valley. Many of the nation’s 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 it’s close proximity to Ralston Avenue, which feeds directly into major transportation corridors such as Interstate 280, California State Route 92, California State Route 82, and U.S. Highway 101 providing easy access to all major Bay Area locations. The investment appeal of this asset is driven by Belmont's strong employment fundamentals, low vacancy levels, and consistent rental growth. 2239 & 2241 Village Ct 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.