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1120 Elmer Street, 
Belmont, CA 94002

$1,595,000

—

Bed

—

Bath

4,748

Sq Ft

Multi-Family

Pending

Listed by

Matthew Thomson

, 

Bryan Danforth

Compass

415-874-5000

Last updated:

October 26, 2026, 08:49 AM

MLS#

82051468ML

Source:

CA CLAW

About This Home

1120 Elmer Street

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.

Home Facts

Multi-Family

Built in 1953

Price Summary

1,595,000

$335 per Sq. Ft.

MLS #:

82051468ML

Last Updated:

October 26, 2026, 08:49 AM

Added:

4 month(s) ago

Rooms & Interior

Interior

Living Area:

4,748 Sq. Ft.

Structure

Structure

Year Built:

1953

Lot

Lot Size (Sq. Ft):

4,748

Finances & Disclosures

Finances

Price:

$1,595,000

Price per Sq. Ft:

$335 per Sq. Ft.

Source:CA CLAW
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.