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1120 Elmer StreetBelmont, CA 94002

For Sale

$1,680,000

Smart Buyer Rebate $16,800

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. 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.

Listed by Matthew Thomson

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License #01471708

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Compass

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650-515-6555

Listed by Bryan Danforth

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License #01789680

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Compass

Last updated July 04, 2026

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Source: MLSListings #ML82051468

Listing Facts

  • TypeMulti-family
  • NeighborhoodHomeview
  • Days on Prevu44
  • Taxes$24,693/year
  • Size2,516 sqft
  • Price per sqft$668

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/04/2026
Status changed to Active
$1,680,000
07/01/2026
Status changed to In Contract
$1,680,000
06/18/2026
Listed by Compass
$1,680,000

Property Details for 1120 Elmer Street

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Flat
  • Stories: 2
  • Year Built: 1953
  • Year Built Details: 2

Measurements

  • Building Area Total: 2,516
  • Lot Size Area: 4,748
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4,748
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 3.68
  • Gross Income: $97,846.00
  • Operating Expense Includes: Gardener, Insurance, Trash, Water/Sewer

Taxes

  • Parcel Number: 040-332-080
  • Tax Annual Amount: $24,693.00

Interior

Measurements

  • Living Area: 2,516

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Parking Features: Carport

Schools

Elementary School

  • Elementary School District: Belmont-Redwood Shores Elementary

High School

  • High School District: Sequoia Union High

Utilities

Equipment

  • Heating: Gas, Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1120 Elmer Street.

What are the annual taxes for 1120 Elmer Street?

Annual taxes for this multi-family home are estimated at $24,693.

How does 1120 Elmer Street compare to other multi-family homes in Homeview?

This multi-family home is listed 0% below the average price for multi-family homes in Homeview and has been on the market for 8 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,516 sqft.

1120 Elmer Street is a -bedroom multi-family home for sale in Belmont CA 94002. On Prevu for 44 days at $1,680,000. This property features 2,516 square feet of living space, located in San Mateo County. The median listing price for multi-family homes in this area is $1,680,000. Additional amenities include pets allowed and parking. Explore more multi-family home listings in San Mateo County.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 07/04/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.