1205 Geraldine Way
TURNKEY ASSET: New 40-Year Roof I SB 721 Compliant I New Electrical Subpanels I New Sewer Lateral
Marketing description
1205 Geraldine Way (the Property) is a multifamily asset built in 1969 situated on a 0.28 acre lot and comprised of twelve (12) units. The Property features a unit mix of eleven (11) one-bedroom/one bathroom floorplans and one (1) two-bedroom/ one-bathroom floorplan. The Property interiors have been nicely renovated as tenants moved out, and recent capital improvements include: New roof, attic insulation & new double-paned windows for improved energy efficiency and comfort, new electrical subpanels, SB 721 compliance, sewer lateral replacement, and more.
The Property’s premier location in Belmont generates premium rents and strong demand from renters backed by high-tech salaries. This Property offers investors the rare opportunity to acquire an investment property in one of the most sought-after residential communities on the San Francisco Peninsula. Perfectly situated near Interstate 280, Highway 101, Highway 92, & Highway 82, this asset is just moments away from major employers such as Meta, Oracle, Electronic Arts, Salesforce, & Visa, as well as the Stanford Medicine Outpatient Center in neighboring Redwood City. In addition, the Property is within walking distance to Lunardi’s and Safeway and moments away from additional dining/shopping options in Downtown Belmont.
Investment highlights
MODERN INTERIORS
Units have been updated with each new tenant to include new countertops, laminate flooring, stainless steel appliances, new double-paned windows, as well as upgraded electrical subpanels in each unit.
TURNKEY PRIDE OF OWNERSHIP ASSET
With a new 40-Year Roof, SB 721 work completed, new sewer lateral, new electrical subpanels, and attic insulation & new double-paned windows for improved energy efficiency & comfort the incoming ownership can take hold of a turnkey asset that does not need any large capital improvements.
PROXIMITY TO SILICON VALLEY TECH COMPANIES
Belmont is benefiting from the migration of high-earning technology workers employed by nearby companies such as Meta, Oracle, Electronic Arts, Salesforce, and Visa. Additionally, 1205 Geraldine Way is located less than 4 miles from the Stanford Medicine Outpatient Center in Redwood City, a 360,000-square-foot multispecialty facility with over 3,200 physicians on staff. Kaiser Permanente also operates a major medical center in neighboring Redwood City, further reinforcing local healthcare employment demand.
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