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Listed by Ethan Berger • NAI Northern California • 510-336-4712
$ 2,495,000
Est. payment /mo
Active
3263 Belmont Ave El Cerrito, CA 94530
6,253 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,253 sqft
Price per Sqft $399
Subdivision El Cerrito
MLS Listing ID 41150291
HOA Y/N No
Year Built 1963
Lot Size 9,265 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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
Flooring Laminate, Linoleum, Carpet
Fireplace No
Building
Lot Description Level
Water Public, Water District
Others
Special Listing Condition Standard
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