1. California
  2. Belmont
  3. 1205 Geraldine Way
$5,000,000

1205 Geraldine Way, Belmont, CA 94002

  • 13,483 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1969
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $371/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

1205 Geraldine Way is an extraordinarily well-maintained 12-unit apartment complex located in the exclusive Belmont Hills neighborhood of Belmont, California. 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). Recent capital improvements include a Brand New Roof (2024) with a 40-year life expectancy, dual-pane windows, circuit breakers throughout, and half of the units have been recently renovated (1,4,6,8,11 & 12). The sewer lateral was replaced and cleared in 2018, SB-721 inspections are completed, and the attic was insulated to improve energy efficiency and tenant comfort. 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 14.87, this stabilized asset generates over $338,000 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.

Listing Status:
Active
Date Added:
July 18, 2025 at 05:00AM
Listing Office:
Compass : 415-874-5000
Listing Agent:
Nate Gustavson : 415-786-9410
MLS ID:
ML82015115
  • Appliances: DishwasherRefrigerator
  • Laundry: Coin Operated
  • Flooring: Laminate
  • A/C: Ceiling Fan(s)
  • Heating: Wall Furnace
  • Eco/Green Feature: Ceiling Insulation

This listing courtesy of Nate Gustavson, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cipriani Elementary School

2525 Buena Vista Ave, Belmont, CA, 94002

Grades KG-5

0.97 miles away

R

Ralston Middle School

2675 Ralston Ave, Belmont, CA, 94002

Grades 6-8

1.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.