2130 Valerga Drive
Belmont, CA 94002
Sq. Feet 10,500
$6,000,000
909 Villa Avenue is a charming 1920's multifamily investment property featuring seven (7) units, conveniently located across from the Carlmont Shopping Center in Belmont, California.
Ideally located near Lunardi's Market, Starbucks, Ace Hardware and directly adjacent to the famous Lorenzos Sandwich shop; this property is situated on a spacious and well-laid out 11,000 sqft lot giving way to 3,738 sqft of rentable space and a unit mix consisting of three (3) Studio units, three (3) 1-Bedroom/1-Bathroom units and one (1) Two-Bedroom/One-Bath unit.
Additionally, within half a mile of the property is Notre Dame De Namur University, which has recently been the subject of exciting news. -- Stanford has announced plans to purchase and convert the university into a satellite campus, sure to raise values of all property in the immediate surrounding areas.
Cap Rate: 4.02% NOI: $96,361 Livable Sq. Ft: 3,738
Built in 1925 7 units Lot Sq. Ft: 11,000