1120 Elmer Street Belmont, CA ^$ 1,680,000

1120 Elmer Street

^$ 1,680,000

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Recently Listed

1120 Elmer Street

Belmont, CA, 94002

^$ 1,680,000

Studio Baths0.0 Sq 2,516

Monthly Estimate*

^$ 10,608

Listed by Compass

1120 Elmer Street, Belmont, CA 94002 - Image 1

1120 Elmer Street, Belmont, CA 94002 - Image 2

1120 Elmer Street, Belmont, CA 94002 - Image 3

1120 Elmer Street, Belmont, CA 94002 - Image 4

1120 Elmer Street, Belmont, CA 94002 - Image 5

1120 Elmer Street, Belmont, CA 94002 - Image 6

1120 Elmer Street, Belmont, CA 94002 - Image 7

1120 Elmer Street, Belmont, CA 94002 - Image 8

1120 Elmer Street, Belmont, CA 94002 - Image 9

1120 Elmer Street, Belmont, CA 94002 - Image 10

Studio

Multi-Family Home for sale in Belmont, CA

for $1,680,000. This 2,516 square foot home was built in 1953 on a lot size of 0.109.

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. 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.

Multi-Family Active

Price

^$ 1,680,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 24,693

Style

Lot Size

0.109

Year Built

1953

Town/City

Belmont

County/Region

San Mateo

MLS | Web ID

ML82051468

Days on Market

Features

General

Living Area 2516

Sewer Public Sewer

Heating Wall Furnace

Cooling None

Roof Flat

Zoning C40000

Garage Spaces 0

Security Features Security Lights

Year Built 1953

Property Subtype Quadruplex

Accessibility None

County San Mateo

Insurance Expense 2850

Property Type Residential Income

HOA false

MaintenanceExpense 3000

Garage Y/N false

Special Listing Conditions Standard

Status Active

City Belmont

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 4748

Carport Spaces 4

Carport Y/N true

Tax Annual Amount 24693

Trash Expense 1920

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional Quadruplex

Cap Rate 3.68

Interior

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Carport

Water Source Public

Total Parking 0

Lot Size Area 4748

Foundation Details Slab

Number of Buildings 1

Building Area Total 2516

Lot Size Acres 0.109

Lot Size Source Assessor

* Excluded Features

List By

Compass

Broker

matt.thomson@compass.com

Affordability Calculator

$12,665

Per Month

Monthly Principal & Interest: $10,608
Monthly Property Taxes: $2,058
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Belmont, CA

Average List Price ^$2,137,000

Percent of Sale Price 27%

About Belmont, CA

26,483 Population

7% Since 2002

^$123,811 Median Income

43.43 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/18/2026	$1,680,000		Listed Price

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1120 Elmer Street, Belmont, CA, 94002 is a Multi-Family Home for sale at $1,680,000 with 2,516 sqft and a lot size of 0.109. 1120 Elmer Street is a studio with 0.0 baths and was built in 1953. The property's zip code is 94002 which is in Belmont, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1120 Elmer Street

Multi-Family Home for sale in Belmont, CA

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