Catania Apartments | 2431 Carlmont Dr
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Catania Apartments 2431 Carlmont Dr
20 Unit Apartment Building $11,487,120 CAD ($574,356 CAD/Unit) 4% Cap Rate Belmont, CA 94002
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 2431 Carlmont Drive in Belmont, CA.
The asset was constructed in 1965 and sits on a 0.57 Acre lot, per county assessor. The property offers an exceptional unit mix consisting of four (4) studio units, eight (8) one-bedroom one bathroom units, four (4) two-bedroom one-bathroom units, and four (4) two-bedroom two-bathroom units. 2431 Carlmont Drive is located at the end of a quiet residential neighborhood but within a five-minute drive of Carlmont Shopping Center which offers multiple shopping, eating, and entertainment options.
The asset was constructed in 1965 and sits on a 0.57 Acre lot, per county assessor. The property offers an exceptional unit mix consisting of four (4) studio units, eight (8) one-bedroom one bathroom units, four (4) two-bedroom one-bathroom units, and four (4) two-bedroom two-bathroom units. 2431 Carlmont Drive is located at the end of a quiet residential neighborhood but within a five-minute drive of Carlmont Shopping Center which offers multiple shopping, eating, and entertainment options.
PROPERTY FACTS
| Price | $11,487,120 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $574,356 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.58 AC |
| Cap Rate | 4% | Building Size | 22,850 SF |
| Gross Rent Multiplier | 14.99 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Price | $11,487,120 CAD |
| Price Per Unit | $574,356 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 14.99 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 22,850 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 0.92/1,000 SF |
UNIT AMENITIES
- Dishwasher
- Disposal
- Microwave
- Granite Countertops
- Refrigerator
- Range
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $2,804 CAD | 480 |
| 1+1 | 8 | $2,900 CAD | 650 |
| 2+1 | 4 | $3,791 CAD | 990 |
| 2+2 | 4 | $2,633 CAD | 1,100 |
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PROPERTY TAXES
| Parcel Number | 045-030-130 | Improvements Assessment | $7,532,219 CAD |
| Land Assessment | $8,285,440 CAD | Total Assessment | $15,817,659 CAD |
PROPERTY TAXES
Parcel Number
045-030-130
Land Assessment
$8,285,440 CAD
Improvements Assessment
$7,532,219 CAD
Total Assessment
$15,817,659 CAD
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Catania Apartments | 2431 Carlmont Dr
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