$6,100,000
$6,500,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
0.43 Acres Lot
SOLD DATE : 07/27/2023
Key Details
Sold Price $6,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81932411
Sold Date 07/27/23
HOA Y/N No
Year Built 1961
Annual Tax Amount $94,141
Lot Size 0.428 Acres
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 699 - Not Defined
Zoning R40000
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 18
Roof Type Composition,Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 040312130
Financing Cash
Special Listing Condition Standard
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Bought with Joel Hopman • Newmark Cornish & Carey
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