630 Masonic Way
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630 Masonic Way
10 Unit Apartment Building $5,250,000 ($525,000/Unit) 4.48% Cap Rate Belmont, CA 94002
Investment Highlights
- SELLER FINANCING AVAILABLE
- Secluded units w/ Private Patios/Balconies
- Well Maintained Interiors
- Fully Renovated Asset
Executive Summary
FULLY RENOVATED ASSET
Since 2019, 9/10 units have been fully renovated with stainless steel appliances, vinyl plank flooring, brand new cabinets, granite countertops, and upgraded bathrooms. Three (3) units also contain an in unit washer/dryer.
Additionally, the Property features brand new doublepaned windows and a seismic retrofit. These capital improvements will offer investors low maintenance costs throughout their ownership.
PROXIMITY TO DOWNTOWN
630 Masonic is less than a two -minute walk from the Belmont Caltrain station, offering renters quick access to major neighboring cities and employers. Additionally, the property is less than half a mile from Downtown Belmont.
SECLUDED UNITS WITH PRIVATE PATIOS/BALCONIES
All first floor units feature sizable private patios and four (4) second floor units have spacious balconies.
Since 2019, 9/10 units have been fully renovated with stainless steel appliances, vinyl plank flooring, brand new cabinets, granite countertops, and upgraded bathrooms. Three (3) units also contain an in unit washer/dryer.
Additionally, the Property features brand new doublepaned windows and a seismic retrofit. These capital improvements will offer investors low maintenance costs throughout their ownership.
PROXIMITY TO DOWNTOWN
630 Masonic is less than a two -minute walk from the Belmont Caltrain station, offering renters quick access to major neighboring cities and employers. Additionally, the property is less than half a mile from Downtown Belmont.
SECLUDED UNITS WITH PRIVATE PATIOS/BALCONIES
All first floor units feature sizable private patios and four (4) second floor units have spacious balconies.
Property Facts
| Price | $5,250,000 | Building Class | C |
| Price Per Unit | $525,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 7,100 SF |
| Cap Rate | 4.48% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Low Rise |
| Price | $5,250,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,100 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2022 |
| Parking Ratio | 1.41/1,000 SF |
Unit Amenities
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Deck
- Double Pane Windows
- Patio
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 040-312-170 | Improvements Assessment | $840,942 |
| Land Assessment | $3,994,478 | Total Assessment | $4,835,420 |
PROPERTY TAXES
Parcel Number
040-312-170
Land Assessment
$3,994,478
Improvements Assessment
$840,942
Total Assessment
$4,835,420
zoning
| Zoning Code | VCS (Village Station Core) |
| VCS (Village Station Core) |
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630 Masonic Way
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