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5% Cap Rate, No Rent Control. Built in 2008. 6 townhouse style units deeded and taxed separately. In today's market units comp at $425,000 each. Contact listing agent for comp analysis. Appreciation based on Residential Market as well as rent increases. Modern contemporary architecture. Spacious interiors include 10' tall ceilings with large skylights. Designer kitchens include solid maple cabinets, modern appliances, granite counters, and full height back splashes. Master bedroom includes a walk-in closet, gas fireplace and private patio. Masterbath includes stoned tiled shower walls, soothing spa tub, skylight and granite cabinet counters. Laundry room on the same level as the bedrooms. Tank less water heaters and plumbed for future AC. Additional private patio downstairs. Attached garage with additional parking. All town homes are end units with only one common wall. Security gates. We have CC&R's for HOA and are taxed and deeded separately. Buy as multifamily now. Sell later as individual units. Market peaked at $500k in 2007 for homes like these. Collect $170,000 a year in rents now. Units are well maintained. Must do a drive by. Investors delight. Perfect for 1031 tax exchange and trust purchases.
Listing agent: Rick Thomas DRE #00761763 rick@rickthomasrealestate.com, Listing office: E Real Estate Corp.
MLS data updated 11/3/2026, 6:59:17 AM PT
Source: CRMLS, MLS #: S12103132
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 1, 2016
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90247 · Nov 2026
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.