236-240 Armour Avenue
South San Francisco, CA 94080
Sq. Feet 11,618
630 Masonic Way is a stunning 10-unit apartment building located in Belmont, California, which is considered one of the strongest rental markets in the country. The subject property was constructed in 1964, and consists of ten (10) one-bedroom/one-bathroom units, ten (10) covered parking spaces, and a coin-operated washer and dryer for additional income. The second floor units have spacious outdoor decks and there are quite private patios on the ground floor units.
The city of Belmont is located halfway between San Francisco and San Jose, in one of the healthiest rental submarkets in the country. 630 Masonic is centrally located just one block from Ralston Avenue, two blocks east of El Camino Real, and five blocks east is Highway 101. Walking distance from the property is the Belmont Cal-Train Station, and the Belmont Town Center Shopping Center, whose tenants primarily include doctors offices, retail, and local restaurants. 630 Masonic Way also provides easy access to major employers in the Silicon Valley, including: Oracle, Electronic Arts, Kaiser, SalesForce, Visa, Stanford Medical, plus, the vibrant startup community in the San Mateo County, Santa Clara County, and San Francisco.
Cap Rate: 3.32% NOI: $132,980 Livable Sq. Ft: 10,048
Built in 1964 10 units Lot Sq. Ft: 10,125