Home | San Mateo County | Belmont | 94002 | 2186 Carlmont Dr
2186 Carlmont Dr, Belmont, CA 94002
MLS: ML82015110 | Status: | Price: $4,125,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
9,688 |
9,914 |
1961 |
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.
| Field |
Value |
| MLS # |
ML82015110 |
| MLS Source |
MLSListings, Inc. |
Features
Interior Features
| Feature |
Details |
| Kitchen |
Countertop - Granite, Varies by Unit |
| Appliances |
Dishwasher, Oven Range - Electric |
| Flooring |
Laminate |
| Laundry |
Coin Operated |
| Cooling |
Ceiling Fan |
| Heating |
Central Forced Air - Gas, Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Fiberglass, Shingle |
| Foundation |
Concrete Perimeter, Slab |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Covered Parking, Garage: 0 Car(s) |
| Elementary District |
Belmont-Redwood Shores Elementary |
| High School District |
Sequoia Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
Multifamily Residential |
| Listing Agent |
Co-Listing Agent |
| Nate Gustavson |
Cameron Foster |
| Compass |
|
| License #: 01898316 |
License #: 00972394 |
| Phone: (415) 786-9410 |
Phone: (415) 699-6168 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
9 |
10 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
901 |
2 |
1/0 |
$2,440 |
$2,795 |
2 |
| 2 |
675 |
1 |
1/0 |
$2,199 |
$2,395 |
8 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Nate Gustavson, (415) 786-9410.