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630 Masonic Way 10 Unit Apartment Building $6,912,500 CAD ($691,250 CAD/Unit) 4.91% Cap Rate Belmont, CA 94002
EXECUTIVE SUMMARY
630 Masonic Way (the Property) is a two-story multifamily asset built in 1964 situated on a 0.23 acre lot and comprised of ten (10) beautifully renovated units. The Property boasts 10,048 rentable square feet and features ten (10) one-bedroom/one-bathroom floorplans. Additionally, seven (7) units offer residents their own private patios and balconies.
The Property’s premiere location generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to purchase an investment property in one of the most sought after locations in all of Belmont.
Perfectly situated roughly two minutes from Belmont’s Caltrain station, near Interstate 280, Highway 101, Highway 92 and Highway 82, this asset is just moments away from Tech Hubs such as Facebook, Oracle, Electronic Arts, Kaiser, Sales Force, Visa, and Stanford Medical. In addition, the property is less than a half-mile away from Downtown Belmont, featuring luxury shopping, entertainment, and high-end dining options.
Please reach out to the CBRE Listing Team for additional information.
The Property’s premiere location generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to purchase an investment property in one of the most sought after locations in all of Belmont.
Perfectly situated roughly two minutes from Belmont’s Caltrain station, near Interstate 280, Highway 101, Highway 92 and Highway 82, this asset is just moments away from Tech Hubs such as Facebook, Oracle, Electronic Arts, Kaiser, Sales Force, Visa, and Stanford Medical. In addition, the property is less than a half-mile away from Downtown Belmont, featuring luxury shopping, entertainment, and high-end dining options.
Please reach out to the CBRE Listing Team for additional information.
PROPERTY FACTS
| Price | $6,912,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $691,250 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.91% | Building Size | 10,048 SF |
| Gross Rent Multiplier | 14.4 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | VCS - Village Station Core | ||
| Price | $6,912,500 CAD |
| Price Per Unit | $691,250 CAD |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| Gross Rent Multiplier | 14.4 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,048 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
| Zoning | VCS - Village Station Core |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Deck
- Double Pane Windows
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 040-312-170 | Improvements Assessment | $1,233,718 CAD |
| Land Assessment | $5,860,170 CAD | Total Assessment | $7,093,887 CAD |
PROPERTY TAXES
Parcel Number
040-312-170
Land Assessment
$5,860,170 CAD
Improvements Assessment
$1,233,718 CAD
Total Assessment
$7,093,887 CAD
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