Belmont, CA 94002,840 El Camino Real
Belmont, CA 94002,840 El Camino Real
Belmont, CA 94002,840 El Camino Real
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$5,385,000
Est. payment /mo
0.31 Acres Lot
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UPDATED:

10/28/2024 10:44 PM

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID ML81911237

HOA Y/N No

Year Built 1964

Annual Tax Amount $59,200

Lot Size 0.310 Acres

Property Description

Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R30000

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 16

Roof Type Foam

Total Parking Spaces 2

Building

Water Public

Schools

School District Other

Others

Tax ID 045162180

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Tim Gilmartin • Gilmartin Group

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Home Base Realty

Broker | License ID: 93-1513373

+1(562) 581-5096

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840 El Camino Real