2401 Carlmont Dr
- .
Property Description
Levin Johnston Commercial Real Estate Advisory Group is pleased to present the rare opportunity to acquire Carlmont Hills Apartments, a stunning 16-unit multi-family community nestled in the hills of Belmont, CA, one of the strongest rental markets in the country. The subject property was constructed in 1961 and offers a highly desirable unit mix consisting of all 16 twobedroom/one-bathroom units. The property has a total of 17,478 SF of living space and is situated on approximately one-half acre of land. The property has undergone extensive interior renovations complete with modern, high-end finishes including new cabinets, granite countertops, wood laminate flooring and stainless steel appliances. Each unit also benefits from it’s own private patio or balcony. The Carlmont Hills Apartments are centrally located in the heart of the Silicon Valley. Many of the nation’s top Tech employers are located within close proximity including Oracle, Sun Microsystems, Visa, Sony, Electronic Arts (EA), Franklin Templeton Investments as well as many others. The subject property also benefits from it’s close proximity to Ralston Avenue, which feeds directly into highways 92, 280 and 101 providing easy access to all major Bay Area locations. The investment appeal of this asset is driven by the areas strong employment fundamentals; low vacancy levels and consistent rental growth. Carlmont Hills Apartments is well positioned for significant NOI growth given its location and perpetual housing constraints in the market as well as the continued economic upturn in the Silicon Valley.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,880,000 |
| No. of Units: | 16 |
| Year Built: | 1962 |
| Lot Size: | 0.49 Acres |
| Opportunity Zone: | No |
| Price per unit: | $430,000 |
| Property Website | Click Here |
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