2186 Carlmont Drive, BELMONT, CA 94002

it's quick and easy

We'll never post to social networks

X/Twitter
This field is for validation purposes and should be left unchanged.
Name*
First Name Last Name
Phone*
Email*
Password*
*
- I accept the Terms and Confition

Already an account? Log in here

Log in

Please check username or password!

No account yet? Register here

Password forgotten? Reset your password

Reset your password

The email address does not seems to be correct!

Please check your email to reset your password

No account yet? Register here

2186 Carlmont Drive, BELMONT, CA 94002

$4,125,000 (Closed)

All pictures

Listed by: Nate Gustavson - Compass

$$4,125,000

Closed

est.$4,125,000/month.

Start My Approval

beds. baths. 9,688 Sqft.

Get More Info

Start An Offer

Payment Calculator

Home Price

Interest Rate

Down Payment

Term

$/mo

Interest Rate,

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

Start My Approval

or Call Now: (650) 576-6531

2186 Carlmont Drive, BELMONT, CA 94002

$4,125,000

Closed

est.$4,125,000/month.

Start My Approval

beds baths 9,688 Sq.ft.

Download Listing As PDF

Generating PDF

Property details for 2186 Carlmont Drive, BELMONT, CA 94002

2186 Carlmont Drive or The Palma Apartments are an impeccably-maintained and managed 10-unit multifamily property located in the exclusive Belmont Hills neighborhood of Belmont, California. Listed at $4,300,000, this multifamily investment property offers a unit mix of eight (8) 1-bedroom/1-bath units (675 sqft) and two (2) 2-bedroom/1-bath units (901 sqft) totaling 9,688 square feet of gross building area on a 10,000 square foot lot. The property features large patios/balconies, 11 tenant parking spaces, 11 individual storage closets, and circuit breakers throughout. Key upgrades include a 35-year laminated fiberglass shingle roof (2013), a 100-gallon water heater (replaced in 2022), and SB 721 inspections have been completed. All units are individually metered for gas and electricity, with wall heaters in the 1-bedroom units and forced air in 2-bedroom units. Currently generating nearly $285,000 in annual income with an in-place 15.15 GRM, this asset presents strong current cash flow with rental upside. Ideally located near Carlmont Village Shopping Center and top-rated schools, this is an excellent opportunity for investors seeking solid in-place income and long-term value in one of the Peninsulas strongest rental markets.

Broker details: Compass

Listed by: Nate Gustavson
Co-listing Broker: Compass
Co-listing Agent: Cameron Foster
Buyer Office: ACTNP
Buyer Agent: Dedy Efendi

Property Description

MLS Information

Listing: ML82015110
Listing Last Modified: 2025-10-09

Property Details

Standard Status: Closed
Built in: 1961

Geographic Data

County: San Mateo

Features

Interior Features

Flooring: Laminate
Living area: 9688

Exterior Features

Roof type: Fiberglass, Shingle
Pool: None
Foundation: Slab, Concrete Perimeter

Parking

Utilities

Sewer: Public Sewer
Water: Public
Heating: Central, Forced Air, Natural Gas, Wall Furnace

Property Information

Tax Information

Tax Annual Amount: $47,150

Rossetti Realty Inc.

2186 Carlmont Drive, BELMONT, CA 94002