Daily limit: 0/10
Marcus & Millichap Brokers $20.2M Sale Of 39-Unit Multifamily Property In Belmont
SOLD
$20,200,000
California
See Similar DealsMultiFamily
Sold 05/05/2026
SOLD
Marcus & Millichap Brokers $20.2M Sale Of 39-Unit Multifamily Property In Belmont
2101 Carlmont Drive
See Similar DealsMultiFamily
Sold 05/05/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,077,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,766.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,758.31
Annual Debt Service$1,149,099.67
Is there something missing? Send suggestions