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Price Drop: $85K (10/19)
Street View
Listed by: Matthew Thomson (650) 515-6555 DRE #01471708, Bryan Danforth DRE #01789680 | Compass (415) 874-5000
$1,595,000
Monthly Est:$7,939
4 Beds
-- Bath
2,516sqft
1120 Elmer St, Belmont, CA 94002
$1,595,000
$7,939/moEst:
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Quadruplex
Built in 1953
$-- HOA
4,748 sqft lot
$634/sq.ft
Description
PRICE IMPROVED!! Incredible opportunity to acquire a rarely available Fourplex in downtown Belmont that offers significant add-value for a new owner, with one unit already vacant and another coming vacant soon. 4.04% Day 1 Cap Rate with room to improve significantly ASAP! Renovate and achieve top market rents immediately! (4) One-Bedroom / One-Bath Units. Newly upgraded electrical system and new sewer lateral piping installed ($22k). Individual water heaters. Walking distance to Belmont Caltrain Station and Belmont Village Shopping Center. Walk Score: 88 (Very Walkable). Surrounded by major Life Science & Biotech Development Projects estimated to deliver 13,000 employees - high paying research, tech & life science jobs - potential future tenants! Close proximity to highly ranked schools including Carlmont High School (10/10 Rating). Ideal for owner-occupiers, value-add multifamily investors, small syndicators, 1031 exchange buyers, life-science workforce housing, and family offices.
- Houzeo last checked: 9 minutes ago
- Listing updated: October 20, 2026 at 5:36 pm
- Source: California Regional MLS-CA | MLS#: ML82051468
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1953
HOA Fees
-
Finished Area
2,516 sqft
Lot Size
4,748 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
ML82051468
MLS Status
Pending
Days on Market
126
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathroom: --
Interior
Cooling
None
Sewer
Public Sewer
Heating
Wall Furnace
Construction
Year Built
Year Built: 1953
Home type
Quadruplex
Foundation Details
Slab
Roof
Flat
Utilities & Energy
Water Source
Public
Security Features
Security Lights
Parking Features
Carport
Price History
| Date | Event | Price |
|---|---|---|
10/19/2026 Source: | Pending | $1,595,000 $634/sqft |
10/08/2026 Source: | Price Decreased | $1,595,000 -5.06% $634/sqft |
07/03/2026 Source: | Listed for Sale | $1,680,000 $668/sqft |
06/30/2026 Source: | Contingent (Active Under Contract) | $1,680,000 +17.48% $668/sqft |
01/22/2024 Source: | Price Decreased | $1,430,000 -10.51% $568/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 23, 2026, 01:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
