John E Burge

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1120 Elmer StreetBelmont, CA 94002

Multi-Family · 2,516 Sq. ft. | 0.11 Acres
$1,680,000 Active

1120 Elmer Street Overview

Time on Site:
12 days
Visits:
0

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.

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1120 Elmer Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,516
  • Price/Sq.ft. $668
  • Lot 0.11 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Other

Income/Expenses

  • Gross Scheduled Income: 100872.0
  • Insurance Expense: 2850.0
  • Maintenance Expense: 3000.0
  • Trash Expense: 1920.0

Building Information

  • Year Built: 1953

Location/Region

  • County Or Parish: San Mateo
  • MLS Area Major: 699 - Not Defined
  • Postal City: BELMONT

Tax Information

  • Tax Annual Amount: 24693.0

General Information

  • Parcel Number: 040332080
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Special Listing Conditions: Standard
  • Zoning: C40000

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 2516.0

General Information

  • Accessibility Features: None
  • Foundation Details: Slab
  • Living Area: 2516.0
  • Living Area Source: Assessor
  • Security Features: Security Lights
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Carport

Lot Information

  • Lot Size Acres: 0.109
  • Lot Size Area: 4748.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4748.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • View: No

Building Exterior/Construction

  • Roof: Flat

General Information

  • Carport Spaces: 4.0
  • Carport: Yes
  • Sewer: Public Sewer

1120 Elmer Street Neighborhood

Community

94002 (BELMONT) Demographics

39
Median Age
4,762
Population Density (per sq. mile)
75%
College Educated
$159,599
Estimated Median Income
5,998
Estimated Total Home Owners
4,406
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1120 Elmer Street Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1120 Elmer Street Market Data

Based on the last 30 days in this zip code

$2,132,406
Average List Price
$1,138
Average Price per Square Foot
11
Properties Sold
119
Average Days on Market
137
Properties for Sale
Calculations provided by Reliance Network

1120 Elmer Street History

Date Event Value Agent
6/18/2026Source: CRMLS Added to Database
June 18, 2026
1/23/2024Source: CRMLS Status Change
Closed
12/14/2023Source: CRMLS Status Change
Pending
11/7/2023Source: CRMLS Status Change
Active
11/3/2023Source: CRMLS Status Change
Active Under Contract
10/20/2023Source: CRMLS Price Increase
$1,598,000 60.1%
10/20/2023Source: CRMLS Price Reduction
$998,000 -37.5%
9/30/2023Source: CRMLS Added to Database
September 30, 2023
Listing provided courtesy of CompassMatthew Thomson- MLS# ML82051468MLS ProviderContact Information: (415) 874-5000
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