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Multifamily

6 Garden Ct

6 Garden Ct, Belmont, CA 94002

Listing Price: $4,400,000

Cap Rate
3.04%
Number of Units
8
GRM
20.31
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$604.23
Gross SF
7,282

Investment Overview

6 Garden Court offers investors the opportunity to acquire an 8-unit apartment building located in Belmont, California, which is considered one of the strongest rental markets in the country. The subject property was built in 1960 and consists of six (6) one-bedroom/ one-bathroom and two (2) two-bedroom/one-bathroom units, with eight (8) covered and four (4) open parking spaces. Additionally, all units either have a backyard or patio, and there is an on-site laundry facility.

Belmont is home to some of the most luxurious and highly valuable real-estate among the entire Peninsula. Belmont is richly diverse and has a long-standing community surrounded by breathtaking nature including mountains and hills, hiking trails and recreational parks peppered throughout the entire city making the small pocket of real estate here even more valuable and highly sought after.

The subject property is also within close proximity to many of the nations top tech employers including Facebook, Oracle, Electronic Arts, Kaiser, Sales Force, Visa, Stanford Medical, plus, the vibrant startup community in the San Mateo County, Santa Clara County, and San Francisco. The areas finite supply of land and increasing demand should yield higher rent growth and appreciation throughout 2021 and beyond. Belmont is located on the San Francisco Peninsula and is known for its high residential quality of life. With a world class location in the heart of Silicon Valley, 6 Garden Court offers an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, entertainment, and dining.

Investment Highlights

  • Rare Investment Opportunity in the Belmont Hills
  • Walking Distance to Carlmont Village Shopping Center
  • Private Yards and Balconies w/ Ample Onsite Parking for Tenants
  • Easy Access to Highways 92, 101, & 280
  • Numerous Parks & Trailheads Within Walking Distance

Exclusively Listed By

Listing Price: $4,400,000

Cap Rate
3.04%
Number of Units
8
GRM
20.31
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$604.23
Gross SF
7,282

Investment Highlights

  • Rare Investment Opportunity in the Belmont Hills
  • Walking Distance to Carlmont Village Shopping Center
  • Private Yards and Balconies w/ Ample Onsite Parking for Tenants
  • Easy Access to Highways 92, 101, & 280
  • Numerous Parks & Trailheads Within Walking Distance

Investment Overview

6 Garden Court offers investors the opportunity to acquire an 8-unit apartment building located in Belmont, California, which is considered one of the strongest rental markets in the country. The subject property was built in 1960 and consists of six (6) one-bedroom/ one-bathroom and two (2) two-bedroom/one-bathroom units, with eight (8) covered and four (4) open parking spaces. Additionally, all units either have a backyard or patio, and there is an on-site laundry facility.

Belmont is home to some of the most luxurious and highly valuable real-estate among the entire Peninsula. Belmont is richly diverse and has a long-standing community surrounded by breathtaking nature including mountains and hills, hiking trails and recreational parks peppered throughout the entire city making the small pocket of real estate here even more valuable and highly sought after.

The subject property is also within close proximity to many of the nations top tech employers including Facebook, Oracle, Electronic Arts, Kaiser, Sales Force, Visa, Stanford Medical, plus, the vibrant startup community in the San Mateo County, Santa Clara County, and San Francisco. The areas finite supply of land and increasing demand should yield higher rent growth and appreciation throughout 2021 and beyond. Belmont is located on the San Francisco Peninsula and is known for its high residential quality of life. With a world class location in the heart of Silicon Valley, 6 Garden Court offers an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, entertainment, and dining.

Exclusively Listed By

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