Belmont, CA 94002,901 Granada ST
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Belmont, CA 94002,901 Granada ST
Belmont, CA 94002,901 Granada ST
Belmont, CA 94002,901 Granada ST
Belmont, CA 94002,901 Granada ST

$6,100,000

Est. payment /mo

$6,500,000

6.2%
Est.Price: ?

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901 Granada ST Belmont, CA 94002

0.43 Acres Lot

SOLD DATE : 07/27/2023

Key Details

Sold Price $6,100,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81932411

Sold Date 07/27/23

HOA Y/N No

Year Built 1961

Annual Tax Amount $94,141

Lot Size 0.428 Acres

Property Description

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.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R40000

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Carport Spaces 18

Roof Type Composition,Shingle

Building

Water Public

Schools

School District Other

Others

Tax ID 040312130

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joel Hopman • Newmark Cornish & Carey
Bought with Joel Hopman • Newmark Cornish & Carey

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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