3263 Belmont Ave, El Cerrito, CA 94530
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
3263 Belmont Ave,El Cerrito, CA 94530
$2,495,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ethan berger
Office: nai northern california510-336-4712
MLS#:41150291
Source:CRMLS
Price summary
- Price:$2,495,000
About this home
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....
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Home facts
- Year built:1963
- Subdivision & Development:EL CERRITO
- Listing ID #:41150291
- Added:4 day(s) ago
- Updated:October 10, 2026 at 10:45 AM
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Tar Gravel
- Year built:1963
- Lot area:0.21 Acres
- Lot Features:Street Level
Finances and disclosures
- Price:$2,495,000
Features and amenities
- Amenities:Gas Water Heater
Parking
- Total parking spaces:6
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