236-240 Armour Avenue
South San Francisco, CA 94080
Sq. Feet 11,618
FULL 2017 EXTERIOR RENOVATION & 5 OF 12 INTERIORS COMPLETELY RENOVATED!!
The Gustavson Group of Compass Commercial is pleased to announce the successful sale of 2130 Valerga Drive to the Bay Areas investment community. The asset consists of twelve spacious units situated on a 10,500 square foot lot, and offers a unit mix of two two-bedroom/one-bath units, eight one-bedroom/one-bath units, and two studios. In November 2016, there were full interior renovations on five units, consisting of three one-bedroom/ one-bath and one studio unit. Recent renovations include fresh paint, quartz countertops, new cabinetry, and stainless steel appliances. The bathrooms have new tile flooring, new toilets, granite vanities, and all fixtures have been replaced with modern stainless steel fixtures.
The subject property is walking distance from Carlmont Village Shopping Center which houses 20+ restaurants, grocery and retail shops including Lunardi’s, Starbucks, Baskin Robins, Verizon Wireless, Ace Hardware, Subway, and many more. The City of Belmont boasts an estimated population of 26,000 people, and is situated halfway between San Francisco and San Jose, in San Mateo County. Known for its wooded hills, views of the San Francisco Bay, and stretches of open space, Belmont is a quiet residential community amid the culturally, and technologically rich Bay Area
Cap Rate: 3.76% NOI: $225,694 Livable Sq. Ft: 12,013
Built in 1962 12 units Lot Sq. Ft: 10,500