Belmont, CA 94002,901 Granada ST
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Belmont, CA 94002,901 Granada ST
Belmont, CA 94002,901 Granada ST
Belmont, CA 94002,901 Granada ST
Belmont, CA 94002,901 Granada ST
Listed by Joel Hopman • Newmark Cornish & Carey
Bought with Joel Hopman • Newmark Cornish & Carey

$6,100,000

Est. payment /mo

$6,500,000

6.2%
Est.Price: ?

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901 Granada ST Belmont, CA 94002

2 Beds

2 Baths

12,924 SqFt

SOLD DATE : 07/27/2023

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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Darin Franzen

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