2241 Village Court

Belmont, CA 94002

$2,488,888
Price
Beds
4,412 Sq. Ft.
$564 / Sq. Ft.
4,412
Sq. Ft.
$564
per Sq. Ft.

Description

Presenting an excellent investment opportunity in a prime locationthis commercial apartment building features 5 well-designed units, 4 units with1 bed and 1 bath, 1 unit with 2 bed and 1 bath. With 3 units currently occupied and 2 units vacant, this property offers immediate rental income potential as well as the flexibility for new tenants. Each unit features beautiful wood floors and a full kitchen, making them appealing to a variety of residents. Additional highlights include dedicated parking...Presenting an excellent investment opportunity in a prime locationthis commercial apartment building features 5 well-designed units, 4 units with1 bed and 1 bath, 1 unit with 2 bed and 1 bath. With 3 units currently occupied and 2 units vacant, this property offers immediate rental income potential as well as the flexibility for new tenants. Each unit features beautiful wood floors and a full kitchen, making them appealing to a variety of residents. Additional highlights include dedicated parking for each unit, providing convenience for residents and enhancing the property's appeal. With a strong rental history and the potential for increased revenue from the vacant units, this property is an ideal choice for investors looking to expand their portfolio or capitalize on the growing rental market. Dont miss out on this opportunity!
  1. Listed by Kevin Cruz • DRE #01981755 • Brokerage DRE #02014153 • Kinetic Real Estate • 650-668-4576
  2. Listed by Jobelle Salindong • DRE #02003719 • Brokerage DRE #02014153 • Kinetic Real Estate

Property Details for 2241 Village Court

MLS City Name
BELMONT
Building Type
Other
Garage Spaces
5
Parking Spaces
5
LISTING UPDATED: 10/21/2024 11:08 AM

Property Details for 2241 Village Court

StatusActive
MLS #ML81984399
Days on Compass1
Taxes$17,864 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.13 AC / 5,792 SF
CountySan Mateo County

Virtual Tour

Building Information for 2241 Village Court

Stories-Residences-Year Built1963Building Size-Lot Size0.13 AC / 5,792 SF

Property Information for 2241 Village Court

Features
External Links
Room Information
  • Kitchen: Dishwasher, Hood Over Range, Microwave, Oven Range - Electric, Refrigerator
Features
  • Fireplace: No
  • Flooring: Hardwood
  • Laundry: Coin Operated
  • Living SqFt: 4412
  • Pool: No
  • Security Features: Other
  • Special Features: Parking, Other
Utilities
  • Cooling: Other
  • Heating: Other
  • Meters: Master Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Carport, Other
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Belmont Woods Etc.
  • Restrictions: None
  • Roof: Bitumen
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2241
  • Street Name: Village
  • Street Suffix: Court
  • Area ID: 360
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4412
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Ownership Type: Corporation
  • Zoning Detail: R4
Location Information
  • Parcel Number: 045-022-180
  • County Name: San Mateo
  • City Name: BELMONT
  • City Postal ID: 4
  • Postal Code: 94002
  • Elementary School District: 921
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Other
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $17,864
  • Capitalization Rate: 2.64
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Other
  • Income Includes: Laundry
  • Vacancy Factor: 20
Income / Expense Details
  • Expense Insurance: $9,328
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $300
  • Expenses Other: $0
  • Expenses Utility: $9,076
  • Expenses Total: $36,568
  • Operating Expenses Include: Utilities, Other
  • Gross Rent Multiplier: 19.48
  • Income Annual Gross: $102,206
  • Income Annual Rental: $127,607
  • Income Gross Scheduled: $127,757
  • Income Other: $150
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,500
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,150
Unit 5 Information
  • Unit5 Full Baths: 1

Property History for 2241 Village Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2241 Village Court

Taxable ValueLand$1,291,407Additions$455,537Total$1,746,944
Tax Record2023$25,040 ($2,087 / month)
Home Facts
Baths5Total Finished SqFt4,412 SqFtAbove Grade Finished SqFt4,412 SqFtStories2Lot Size5,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountySAN MATEOAPN045-022-180Fireplace TypeHas Fireplace

Schools near 2241 Village Court

This home is within Belmont-Redwood Shores Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cipriani Elementary School
PublicK to 5

Ralston Intermediate School
Public6 to 8

Carlmont High School
Public9 to 12

Central Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2241 Village Court is for sale in Belmont, CA 94002. This property was listed for sale on October 21, 2024 by Kinetic Real Estate, it's currently listed at $2,488,888. It has been on the market for a total of 1 days and was last sold on September 10, 2019. This listing's school districts are Belmont-Redwood Shores Elementary School District, Sequoia Union High School District. Nearby schools include Cipriani Elementary School, Ralston Intermediate School and Carlmont High School. 2241 Village Court is a 0-bed, 0-bath, 4,412 sqft built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kinetic Real Estate, Kevin Cruz, DRE #01981755; Kinetic Real Estate, Jobelle Salindong, DRE #02003719

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.