2200 Village Court, BELMONT, CA 94002
San Mateo County
Key Facts
Listed By: Colliers Parrish International, Inc. - 4082823800
Listed By: Don Sung
Description
Achieve $57,000/Month in Stable Rental Income from a Diversified, 23-Tenant, High-End Apartment in an A+ Location. What a Great Way to Retire and Achieve Reliable Cashflow + Value Appreciation + Tax Advantages (Depreciation). Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.12% / Pro-Forma CAP Rate: 5.02%. In-Place GRM: 14.6 / Pro-Forma GRM: 12.9. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1965
Living Area
24,785 sq ft
MLS® Listing#
ML82032286
Property Features
Interior
Appliances
Cooling
Heating
Pool
Parking
Laundry
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$148,173
Parcel Number
045-022-230
Affordability Calculator
$2,030,000
Estimated monthly payment
$54,023/mo
Principal $8,120,000 · Est. interest $11,328,123 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in BELMONT, CA
- $1,000,000
- Median Listing Price
- 40
- Median Days on Market
- 1,970
- Median Sq Ft
- $1,032
- Median Price / Sq Ft
- 104
- Active Listings
- This home’s price is 915% above the area median.
- Its price per sq ft is 60% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in BELMONT, CA.
Location
Points of Interest in BELMONT, CA
Showing the BELMONT area map.
Nearby Schools
Immaculate Heart of Mary School
Secondary · 0.2 mi away
Belmont Oaks Academy
School · 0.2 mi away
Carlmont High School
Secondary · 0.3 mi away
Belmont Greek School
School · 0.3 mi away
Edison Montessori School
Elementary · 0.4 mi away
Mariposa Upper Elementary School
Elementary · 0.4 mi away
Tierra Linda Middle School
Secondary · 0.4 mi away
Carlmont Parents Nursery School
School · 0.6 mi away
Charles Armstrong School
Elementary · 0.6 mi away
Notre Dame Belmont
Secondary · 0.7 mi away
Notre Dame Elementary School
Elementary · 0.7 mi away
Serendipity School
Elementary · 0.8 mi away
Compass High School
Secondary · 0.8 mi away
Crystal Springs Uplands Middle School
Elementary · 0.8 mi away
Cipriani Elementary School
Elementary · 0.8 mi away
Gloria dei Lutheran Church
School · 0.9 mi away
Ralston Middle School
Secondary · 1.0 mi away
Arundel Elementary
Elementary · 1.1 mi away
Central Elementary School
Elementary · 1.3 mi away
Kidizens
School · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 0 Valerga, Belmont, CA | $12,000,000 | — | — | — |
| 0 Valerga, BELMONT, CA | $12,000,000 | — | — | — |
| Belmont, CA | $12,000,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in BELMONT
Based on information from the MLSListings MLS. 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. Copyright 2026 MLSListings Inc. All rights reserved.
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