PRICE IMPROVED!! 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. 4.04% Day 1 Cap Rate with room to improve significantly ASAP! 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.
Property Details
Price:
$1,595,000
MLS #:
ML82051468
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
699notdefined
Listed Date:
Jun 18, 2026
Finished Sq Ft:
2,516
Total Sq Ft:
2,516
Lot Size:
4,748 sqft / 0.11 acres (approx)
Year Built:
1953
See this Listing
Schools
School District:
Other
Interior
Cooling
NO
Heating
WL
Exterior
Accessibility Features
NO
Roof
FLTR
Security Features
EXL
Financial
Maintenance Fee
$3,000
Taxes
$23,737
Map
Community
- Address1120 Elmer ST Belmont CA
- CityBelmont
- CountySan Mateo
- Zip Code94002
Market Summary
Current real estate data for Single Family in Belmont as of Oct 17, 2026
44
Single Family Listed
55
Avg DOM
1,165
Avg $ / SqFt
$2,095,262
Avg List Price
Property Summary
- 1120 Elmer ST Belmont CA is a Single Family for sale in Belmont, CA, 94002. It is listed for $1,595,000 and features 0 beds, 0 baths, and has approximately 2,516 square feet of living space, and was originally constructed in 1953. The current price per square foot is $634. The average price per square foot for Single Family listings in Belmont is $1,165. The average listing price for Single Family in Belmont is $2,095,262.
Similar Listings Nearby
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1120 Elmer ST
Belmont, CA