- $10.2M Price
- .53 Acres
- 32 DOM
2200 Village Court
Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
Essential Information
- MLS® #ML82015448
- Price$10,150,000
- Bathrooms0.00
- Acres0.53
- Year Built1965
- TypeCommercial Sale
- StatusActive
Community Information
- Address2200 Village Court
- Area699 - Not Defined
- CityBelmont
- CountySan Mateo
- Zip Code94002
Interior
- HeatingElectric
- CoolingNone
Exterior
- RoofOther
School Information
- DistrictOther
- HighCarlmont
Additional Information
- Date ListedJuly 21st, 2025
- Days on Market32
- ZoningR40000
Listing Details
- AgentDon Sung
Office
Colliers Parrish International, Inc.
Don Sung, Colliers Parrish International, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of August 23rd, 2025 at 6:29pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.