Millman Team Real Estate

$1,680,000
2,516 Sqft
0.11 Acre Lot

1120 Elmer Street, Belmont, California 94002

  • Residential Income Property Type
  • 2,516 Sqft Square Footage
  • Carport Cars Garage
  • 1953 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
ML82051468
$1,680,000
2,516 Sqft
1953
0.11 Acre
Active
Quadruplex
: Flat
Features
: Wall Furnace
: None
: Carport
4.0
: Public Sewer
$0
Address Map
CA
San Mateo
Belmont
94002
Elmer
1120
Street
W123° 43' 35.5''
N37° 31' 15''
699 - Not Defined
C40000
Neighborhood
Other
Additional Information
$0
$0
$0
$0
$0
: None
2516
: Slab
2026-06-18
2
: Public
Broker/Agent Information
Compass
Matthew Thomson
Financial
24693.0
Listing Information
Bryan Danforth
ML5100317
ML38629
Compass
ML5100314
ML5009331
Active
2026-06-18T17:55:04Z
CRMLS
: Standard
2026-06-18T03:25:02Z
Agent info
Ray Millman
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