901 Granada Street, Belmont, CA 94002
Commercial property · 2 recorded sales since 2014
Sold July 2023
Listing Agent: Joel Hopman (DRE #01934574) · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Joel Hopman · Newmark Cornish & Carey · MLS #ML81932411 · Source: CRMLS
About this commercial property
901 Granada Street is an attractive two-story 18-unit multifamily building located in the desirable submarket of Belmont. The property consists of (16) generously sized 1+1 units ranging from 625-670 sq. ft. and (2) Jr. 1+1 units which are approximately 450 sq. ft each. 12 of the 18 units demonstrate varying levels of upgrades such as stone countertops and shaker-style cabinetry, updated flooring, and five units have in-wall A/C units. The well-maintained property is securitized, has 1:1 carport parking with storage lockers, double-pane windows, and copper plumbing. Tenants benefit from the property's close proximity to "daily needs" retail of Downtown Belmont, Belmont Caltrain Station, highly ranked Belmont-Redwood Shores School District, Twin Pines Park, Highway 101, and the diverse employment centers of the Peninsula. Nearby leasing activity demonstrates credible rental upside potential to achieve improved financial performance.
Listing description from the July 2023 sale, as reported to CRMLS.
Sale history
