CA
San Mateo
BELMONT
94002
1205 Geraldine Way
1205 Geraldine Way, BELMONT, CA 94002
Share Listing
Listing Type
Multi Family
Listing Status
active
46
$5,000,000

Home Details for 1205 Geraldine Way

Price
$5,000,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
13483
Year built
1969
Lot size acres
0.2755
County
San Mateo
Garage
Days on site
115
MLS Listing#
ML82015115
Listed By: Compass - 415-874-5000
Listed By: Nate Gustavson
Property Description

1205 Geraldine Way is an extraordinarily well-maintained 12-unit apartment complex located in the exclusive Belmont Hills neighborhood of Belmont, California. --- NEW ROOF (40-year), NEW WINDOWS, NEW INTERIOR ELECTRICAL (BREAKERS) IN ALL UNITS, SEWER LATERAL CLEARED (2018), SB-721 COMPLETED, INSULATED ATTIC.-- Priced at $5,000,000, this multifamily investment property offers a unit mix of eleven (11) spacious 1-bedroom/1-bath units (700 sqft) and one (1) 2-bedroom/1-bath unit (940 sqft). --- 75% OF THE UNITS HAVE BEEN RECENTLY RENOVATED (Units 1, 3, 4, 5, 6, 7, 8, 11 & 12). The property features 14 parking spaces, individual tenant storage, and a coin-operated laundry machines. All units are individually metered for gas and electric. With an in-place GRM of 14.27, this stabilized asset generates over $350,388 in gross annual income. Ideally located near Carlmont Village Shopping Center and top-rated schools, this is an excellent opportunity for investors seeking solid in-place income and long-term value in one of the Peninsulas strongest rental markets. -- TURNKEY INVESTMENT OPPORTUNITY IN ONE OF THE MOST SOUGHT AFTER MARKETS IN SAN MATEO COUNTY.

Property Features
  • Parking
    • Assigned
    • Covered
  • Cooling Information
    • Ceiling Fan(s)
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
School Information
School Information for 1205 Geraldine Way, BELMONT, CA 94002
Elementary School
Cipriani Elementary
Middle School
Ralston Intermediate
High School
Carlmont High
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-10-21 23:45:44
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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