11
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$2,495,000
Est. payment /mo
9,265 Sqft Lot
Active
3263 Belmont Ave El Cerrito, CA 94530
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision El Cerrito
MLS Listing ID 41150291
HOA Y/N No
Year Built 1963
Lot Size 9,265 Sqft
Property Description
Belmont Apartments presents a rare opportunity to acquire an 8-unit, transit-oriented multifamily asset in one of the East Bay's most accessible and renter-friendly submarkets. Located just 0.5 miles from El Cerrito Plaza BART and I-80, the property offers exceptional connectivity to San Francisco, Oakland, and major employment centers, with a Walk Score of 89 and immediate access to retail and daily amenities. The property features a highly desirable 100% two-bedroom unit mix, with current rents averaging $2,180/unit—approximately 16% below the East Bay average and significantly below recent asking rents in nearby Berkeley and Albany. HUD FMRs of $2,912–$3,203 further support substantial mark-to-market potential through natural turnover. Recent capital improvements include new appliance packages in 7 of 8 units, updated flooring, 2026 exterior painting, electrical sub-panel replacements, sewer lateral replacement, completed soft-story seismic retrofit, and SB 721 compliance. Additional NOI upside may be achieved through RUBS, with potential recovery of 60–80% of master-metered water and trash expenses. El Cerrito is subject to California's AB 1482 framework, with no local rent control and a nominal annual rent registry fee. With strong transit access, an ideal unit mix, below-market rents, completed capital improvements, and a favorable regulatory environment, Belmont Apartments offers compelling near-term cash flow and long-term appreciation potential.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 6
Building
Lot Description Street Level
Others
Tax ID 5100200046
Listed by Ethan Berger NAI Northern California #01868467
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