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: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
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Listing Snapshot
Price
$10,150,000
Days On Site
28 Days
Bedrooms
N/A
Inside Area (SqFt)
24,785 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.5317 Acres
Year Built
1965
MLS® Number
ML82015448
Status
Active
Property Tax
$148,173
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
4 weeks ago
Listing updated with changes from the MLS®
4 weeks ago
Listing first seen on site
General Features
Acres
0.5317
Cross Street
Village Drive
Disclosures
Natural Hazard Disclosure
Parking
CarportAssigned
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
24785
Water Source
Public
Zoning
R40000
Interior Features
Appliances
DishwasherRefrigeratorMicrowaveOvenElectric Oven
Heating
Electric
Interior
Elevator
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Exterior Features
Pool Features
Heated
Roof
Other
Community Features
Accessibility Features
Accessible Elevator Installed
Association Amenities
Pool
School District
Sequoia Union High
Schools
School District
Sequoia Union High
Elementary School
Unknown
Middle School
Unknown
High School
Carlmont High
Listed by of Don Sung of Colliers Parrish International, Inc. 6503805188
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, MLS Listings, Inc..
Last checked: 2025-08-19 11:02 AM UTC
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