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Highlights: Condo Style Units, Concrete Tile Roof & Copper Plumbing, Competitive Offering ProForma CAP Rate of 7.59 %, Competitive Offering ProForma GRM of 8.11, 40 % - 45 % Below Average Cost Per Sq. Ft. of $87.00, Conservative 10 % Upside in Overall Rents, Non-Rent Control Community & Area, Section 8 Approved With Non-Section 8 Tenants as Well, Rental Comparables Illustrate a 97 % Occupancy Area, Well Maintained Asset, Quiet Residential Location The Serenade Townhomes is situated on a large 6.20 acre lot. This seventy nine unit apartment community is composed of 23 two bedroom / two bathroom units and 56 three bedroom / two bathroom units. Property Features Include: Two-story Condominium Style Apartments Oversized Units: 1,300 Sq. Ft. Two bedroom units, 1,350 Sq. Ft. Three bedroom units, Luxury Townhomes, Two-story layouts, Wood-burning fireplaces, Large patios and balconies, Dishwashers, In suite washer / dryer hook-ups, Attractive Amenities: Community pool area with outdoor showers, Recreation center, On-site fitness center, BBQ / Social areas. Convenient and Secure Parking: Gated community, Attached 2-car garages, Abundant guest parking.
Listing agent: ALBERT LE DRE #01468313 albert.le@leinvestmentgroup.com, Listing office: LE INVESTMENT GROUP
MLS data updated 11/2/2026, 6:32:35 PM PT
Source: CRMLS, MLS #: IV16023076
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 29, 2016
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92411 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
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.