Property Details
Upcoming Open Houses
About this Property
1205 Geraldine Way is an extraordinarily well-maintained 12-unit apartment complex located in the exclusive Belmont Hills neighborhood of Belmont, California. Priced at $5,000,000, this multifamily investment property offers a unit mix of eleven (11) spacious 1-bedroom/1-bath units (700 sqft) and one (1) 2-bedroom/1-bath unit (940 sqft). Recent capital improvements include a Brand New Roof (2024) with a 40-year life expectancy, dual-pane windows, circuit breakers throughout, and half of the units have been recently renovated (1,4,6,8,11 & 12). The sewer lateral was replaced and cleared in 2018, SB-721 inspections are completed, and the attic was insulated to improve energy efficiency and tenant comfort. The property features 14 parking spaces, individual tenant storage, and a coin-operated laundry machines. All units are individually metered for gas and electric. With an in-place GRM of 14.87, this stabilized asset generates over $338,000 in gross annual income. Ideally located near Carlmont Village Shopping Center and top-rated schools, this is an excellent opportunity for investors seeking solid in-place income and long-term value in one of the Peninsulas strongest rental markets.
MLS Listing Information
MLS #
ML82015115
MLS Source
MLSListings, Inc.
Days on Site
4
Interior Features
Appliances
Dishwasher, Oven Range - Electric
Flooring
Laminate
Laundry
Coin Operated
Cooling
Ceiling Fan
Heating
Wall Furnace
Exterior Features
Roof
Composition, Shingle
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Covered Parking, Garage: 0 Car(s)
Elementary District
Belmont-Redwood Shores Elementary
High School District
Sequoia Union High
Sewer
Public Sewer
Water
Public
Zoning
Multifamily Residential
Contact Information
Listing Agent
Nate Gustavson
Compass
License #: 01898316
Phone: (415) 786-9410
Co-Listing Agent
Cameron Foster
License #: 00972394
Phone: (415) 699-6168
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 10 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 940 | 2 | 1/0 | $2,545 | $2,545 | 1 |
| 2 | 700 | 1 | 1/0 | $1,979 | $2,575 | 11 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1205 Geraldine Way is a Residential Income in Belmont, CA 94002. This 13,483 square foot property sits on a 0.275 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,000,000 and was built in 1969. This address can also be written as 1205 Geraldine Way, Belmont, CA 94002.
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This listing information is up-to-date as of July 18, 2025. For the most current information, please contact Nate Gustavson, (415) 786-9410
