3263 Belmont Ave, El Cerrito, CA 94530
3263 Belmont Ave, El Cerrito, CA 94530
3263 Belmont Ave, El Cerrito, CA 94530
3263 Belmont Ave, El Cerrito, CA 94530
3263 Belmont Ave, El Cerrito, CA 94530
3263 Belmont Ave, El Cerrito, CA 94530
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Kenneth Jamaca

Kenneth Jamaca

+1(925) 413-1849
$ 2,495,000
Est. payment | /mo

6,253 SqFt

Save
$ 2,495,000
Est. payment | /mo
Save

6,253 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,253 sqft

Price per Sqft $399

Subdivision El Cerrito

MLS Listing ID 41150291

HOA Y/N No

Year Built 1963

Lot Size 9,265 Sqft

Acres 0.21

Property Sub-Type Multi Family

Property Description

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.

Location

State CA

County Contra Costa

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate, Linoleum, Carpet

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available All Utilities, Individual Electric Meter, Individual Gas Meter

Building

Lot Description Level

Sewer Public Sewer, Sewer in Street

Water Public, Water District

New Construction No

Others

Tax ID 5100200046

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Ethan Berger • NAI Northern California

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Kenneth Jamaca
Kenneth Jamaca

Managing Broker | REALTOR License ID: 02080040

+1(925) 413-1849 | kenneth@jcastlegroup.com

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3263 Belmont Ave