901 Granada Street is an attractive two-story 18-unit multifamily building located in the desirable submarket of Belmont. The property consists of (16) generously sized 1+1 units ranging from 625-670 sq. ft. and (2) Jr. 1+1 units which are approximately 450 sq. ft each. 12 of the 18 units demonstrate varying levels of upgrades such as stone countertops and shaker-style cabinetry, updated flooring, and five units have in-wall A/C units. The well-maintained property is securitized, has 1:1 carport parking with storage lockers, double-pane windows, and copper plumbing. Tenants benefit from the property's close proximity to "daily needs" retail of Downtown Belmont, Belmont Caltrain Station, highly ranked Belmont-Redwood Shores School District, Twin Pines Park, Highway 101, and the diverse employment centers of the Peninsula. Nearby leasing activity demonstrates credible rental upside potential to achieve improved financial performance.
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