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Multifamily

180 Irene Ct

180 Irene Ct, Belmont, CA 94002

Listing Price: $7,475,000

Cap Rate
2.80%
Number of Units
16
Occupancy
100.0%
Price/Unit
$467,188
Price/Gross SF
$413.07
Gross SF
18,096

Investment Overview

180 Irene Ct is a stunning 16-unit apartment community located in the thriving city of Belmont, California. Situated on a 16,596 square foot parcel of land, the subject property was originally constructed in 1960 and has a gross building area of approximately 18,096 square feet, offering its tenants beautifully designed studio, one-bedroom, and two-bedroom floorplans. The subject property has recently undergone capital improvements which include updated kitchens, stainless steel appliances, updated bathrooms, and vinyl planking. Belmont is strategically located between San Francisco and San Jose in San Mateo County. The city is well situated and offers an ideal climate in a robust and successful community and region. The Subject property offers close proximity to many of the nation’s top tech employers such as Oracle, Electronic Arts Inc. (EA), Facebook, Google, Cisco Systems, Visa, Sony, Box Inc., as well as many others. In addition, 180 Irene Ct offers tenants and residents easy access to transportation corridors which include the Belmont Caltrain Station, Interstate 280, California State Route 92, U.S. Route 101and U.S. Route 82. The investment appeal of this asset is driven by Belmont’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the peninsula, 180 Irene Ct presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • Exceptional San Francisco Mid-Peninsula Location
  • Desirable Unit Mix - 180 Irene Ct offers beautifully designed units consisting of (2) studio, (12) one-bedroom, and (2) two-bedroom floor plans that feature modern unit amenities
  • Extensive Interior Capital Improvements - Units renovated with high-end designer finishes and new dual pane windows throughout the building

Exclusively Listed By

Multifamily

180 Irene Ct

Listing Price: $7,475,000

Cap Rate
2.80%
Number of Units
16
Occupancy
100.0%
Price/Unit
$467,188
Price/Gross SF
$413.07
Gross SF
18,096

Investment Highlights

  • Exceptional San Francisco Mid-Peninsula Location
  • Desirable Unit Mix - 180 Irene Ct offers beautifully designed units consisting of (2) studio, (12) one-bedroom, and (2) two-bedroom floor plans that feature modern unit amenities
  • Extensive Interior Capital Improvements - Units renovated with high-end designer finishes and new dual pane windows throughout the building

Investment Overview

180 Irene Ct is a stunning 16-unit apartment community located in the thriving city of Belmont, California. Situated on a 16,596 square foot parcel of land, the subject property was originally constructed in 1960 and has a gross building area of approximately 18,096 square feet, offering its tenants beautifully designed studio, one-bedroom, and two-bedroom floorplans. The subject property has recently undergone capital improvements which include updated kitchens, stainless steel appliances, updated bathrooms, and vinyl planking. Belmont is strategically located between San Francisco and San Jose in San Mateo County. The city is well situated and offers an ideal climate in a robust and successful community and region. The Subject property offers close proximity to many of the nation’s top tech employers such as Oracle, Electronic Arts Inc. (EA), Facebook, Google, Cisco Systems, Visa, Sony, Box Inc., as well as many others. In addition, 180 Irene Ct offers tenants and residents easy access to transportation corridors which include the Belmont Caltrain Station, Interstate 280, California State Route 92, U.S. Route 101and U.S. Route 82. The investment appeal of this asset is driven by Belmont’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the peninsula, 180 Irene Ct presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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