Millman Team Real Estate

$10,150,000
0.53 Acre Lot

2200 Village Court, Belmont, California 94002

  • Commercial Sale Property Type
  • 1965 Year Built
Property Description

Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9′ Ceilings to (5) 1 BR/1 BA or Studio ADU’s. 5 ADU’s: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU’s): 5.97% / GRM (w/ 5 ADU’s): 11. Cost/SF: $410/SF

Basic Details
Commercial Sale
For Sale
ML82015448
$10,150,000
1965
0.53 Acre
Active
: Other
Features
: Electric
: None
37.0
$0
Address Map
CA
San Mateo
Belmont
94002
Village
2200
Court
W123° 42' 19.9''
N37° 30' 30.2''
Cross Street: Village Drive
699 - Not Defined
R40000
Neighborhood
Carlmont
Other
Additional Information
$0
$0
$0
$0
$0
24785
2025-07-21
: Public
Broker/Agent Information
Colliers Parrish International, Inc.
Don Sung
Financial
148173.0
Listing Information
ML5104931
ML6043303
Active
2025-09-02T06:32:40Z
CRMLS
: Standard
2025-07-21T16:00:20Z
Agent info
Ray Millman
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