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Multifamily

150 Irene Ct

150 Irene Ct, Belmont, CA 94002

Listing Price: $6,850,000

Cap Rate
3.38%
Number of Units
14
Occupancy
97.0%
Price/Unit
$489,286
Price/Gross SF
$577.47
Gross SF
11,862

Investment Overview

150 Irene Court offers investors the opportunity to acquire a 14-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 1963 and consists of two (2) two-bedroom/one-bathroom and twelve (12) one-bedroom/one-bathroom units, with fifteen (15) covered parking spaces and ample street parking. Additionally, all units either have a patio or balcony, 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 nation’s 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, 150 Irene 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 Hillsdale Shopping Center
  • Private Balconies w/Ample Onsite Parking for Tenants
  • Easy Access to Highways 101, 230 & 92
  • Located on a Quiet Cul-de-sac w/Exceptional Views of the Entire Bay Area

Exclusively Listed By

Listing Price: $6,850,000

Cap Rate
3.38%
Number of Units
14
Occupancy
97.0%
Price/Unit
$489,286
Price/Gross SF
$577.47
Gross SF
11,862

Investment Highlights

  • Rare Investment Opportunity in the Belmont Hills
  • Walking Distance to Hillsdale Shopping Center
  • Private Balconies w/Ample Onsite Parking for Tenants
  • Easy Access to Highways 101, 230 & 92
  • Located on a Quiet Cul-de-sac w/Exceptional Views of the Entire Bay Area

Investment Overview

150 Irene Court offers investors the opportunity to acquire a 14-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 1963 and consists of two (2) two-bedroom/one-bathroom and twelve (12) one-bedroom/one-bathroom units, with fifteen (15) covered parking spaces and ample street parking. Additionally, all units either have a patio or balcony, 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 nation’s 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, 150 Irene 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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