For Sale75d on market
Village Dr
Belmont, CA, 94002 • Central • San Mateo County
$10,150,000
$410/sqft
Down payment assistance available
24,785Sqft
0.53 acLot
1965Built
Market activity
Demand and pricing signals for this listing
93 views
People checking out this listing
4 saves
Buyers have saved this home
75 days on market
Established listing
$410/sqft
Price per square foot
About this home
Multi Family · Built 1965
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
Standout features identified
Our analysis highlights top-to-bottom elevator access, copper plumbing, and covered carport parking spaces as key attractions of this home.
Estimated monthly payment
Based on current rates
$63,916/month
Principal & Interest$50,382
Property Tax$10,150
Insurance$3,383
Down payment20% ($2,030,000)
3%50%
Est. 6.32% rate · 30yr fixed · $8,120,000 loan
Full calculator →At a glance
Key facts and listing details
TypeFive Or More Units, Residential Income
Year Built1965
HeatingWall Furnace
CoolingNone
ParkingCarport
Days on Zillow75 Days
Price/sqft$410
Property
Home typeMulti Family
Sub-typeFive Or More Units, Residential Income
Year built1965
Systems
HeatingWall Furnace
CoolingNone
RoofOther
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAssigned, Carport
Lot0.53 Acres
Location & Tax
NeighborhoodCentral
ZoningR40000
Parcel045022230
Features & details
9 categories of property features
Interior Features
Appliances
Dishwasher
Electric Oven/Range
Heating
Wall Furnace
Cooling
None
Laundry
Coin Operated
Accessibility
Elevator/Lift
Parking
Exterior Features
Parking
Assigned
Carport
Pool Features
Community
Utilities
Public Utilities
Water Public
Gas
PublicUtilities
Listing insights
Market data and value estimates
StatusFor Sale
Days on market75
Est. value$9,216,900
Est. rent$3,642/mo
Tax rate1.12%
Price/sqft$410
On marketJan 23, 2026
PostedJan 23, 2026
MLS updatedJan 23, 2026
Tour days9
Views93
Favorites4
How are the schools in Belmont?
3 schools rated nearby
Location
Belmont, CA, 94002
Price history
1 event
DateEventPrice$/sqftSource
Jan 23, 2026Listed For Sale$10,150,000$410MLSListings Inc
Listed For Sale$10,150,000
Jan 23, 2026•$410/sqft•MLSListings Inc
Nearby homes
Neighborhood details
Local context around this listing
Belmont, CA • San Mateo County
Nearby neighborhoods
Belmont HeightsCentralCiprianiDowntownHomebireMcDougalNotre Dame de Namur UniversityPlateau-SkymontSterling DownsWestern Hills
Nearby cities
BurlingameDaly CityFoster CityMenlo ParkPacificaRedwood CitySan BrunoSan Carlos
Nearby zip codes
9400294062
Similar homes
Based on information from the MLSListings MLS as of 2026-04-08 13:02:25 PDT. 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.
No obligation · Same-day response