Bought with Joel Hopman • Newmark Cornish & Carey
$6,100,000
$6,500,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
901 Granada ST Belmont, CA 94002
2 Beds
2 Baths
12,924 SqFt
Key Details
Sold Price $6,100,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 12,924 sqft
Price per Sqft $471
MLS Listing ID ML81932411
Sold Date 07/27/23
Bedrooms 2
Full Baths 2
Year Built 1961
Lot Size 0.428 Acres
Property Sub-Type Five or More Units
Property Description
901 Granada Street is an attractive two-story 18-unit multifamily building located in the desirable submarket of Belmont. The property consists of (16) generously sized 1+1 units ranging from 625-670 sq. ft. and (2) Jr. 1+1 units which are approximately 450 sq. ft each. 12 of the 18 units demonstrate varying levels of upgrades such as stone countertops and shaker-style cabinetry, updated flooring, and five units have in-wall A/C units. The well-maintained property is securitized, has 1:1 carport parking with storage lockers, double-pane windows, and copper plumbing. Tenants benefit from the property's close proximity to "daily needs" retail of Downtown Belmont, Belmont Caltrain Station, highly ranked Belmont-Redwood Shores School District, Twin Pines Park, Highway 101, and the diverse employment centers of the Peninsula. Nearby leasing activity demonstrates credible rental upside potential to achieve improved financial performance.
Location
State CA
County San Mateo
Area Homeview / Sterling Downs
Zoning R40000
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Carpet, Laminate, Tile
Laundry Coin Operated, Washer / Dryer
Exterior
Parking Features Assigned Spaces, Covered Parking, On Street
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 040-312-130
Security Features None
Special Listing Condition Not Applicable
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