840 El Camino Real, Belmont, CA 94002

About this commercial property

Another Large Price Reduction. The Seller is Motivated. Well built, well cared for and fully remodeled 15 unit Mixed Use residential building in Belmont CA. This beautiful property boast 13 residential units and 2 retail units with 18 Parking spaces secured behind new electric security gates. The parcel spans the area from El Camino Real to Gordon St . allowing for ingress and egress from both sides of the property. The property is also located in The Belmont Village Specific Plan zoning area which allows for much greater density of development than currently exists. This creates the potential to build as many as 38 units on the site with 2.5 FAR and and a 65 foot height limit. Certain community benefits will need to be met to achieve this greatest density. Ask about Seller Financing

Listing description from the December 2024 sale, as reported to CRMLS.

Sale history

$5,200,000

Sold December 2024 · listed $5,385,000, orig. $7,980,000, on market October 2022 · MLS #ML81911237 · Source: CRMLS

Listing Agent: Tim Gilmartin · Listing Office: Gilmartin Group · Contact: (650) 348-2020 · Bought with: William Lee

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