Updated May 11, 2026
Marcus & Millichap Brokers $20.2M Sale Of 39-Unit Multifamily Property In Belmont
2101 Carlmont Drive
$20,200,000
Units
39
Asset Type
MultiFamily
Closing
May 5, 2026
About this deal
AI
El Dorado Apartments is a multifamily property located at 2101 Carlmont Drive in Belmont. The asset is comprised of 39 units, with a price per unit of $517,949, leading to a total sale price of $20,200,000. The transaction is indicative of current trends in the market, reflecting the continued investor demand for upgraded, smaller multifamily assets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,200,000
- Units: 39
- Price per Unit: $517,949
- Date of Sale: 05/05/2026
- Address: 2101 Carlmont Drive
- Market: Belmont
Robert Johnston, Adam Levin, and Arman Sadigh from Marcus & Millichap represented both the undisclosed seller and buyer in this transaction. Their involvement underscores the agency's role in facilitating significant deals within competitive markets.
On the Map
$20,200,000
MultiFamily
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Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93