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3263 Belmont Ave El Cerrito, CA 94530
$2,495,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41150291
List price is $2,495,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1963
0.21 acres
Lot size: 0.2127
Subdivision: EL CERRITO
County: Contra Costa
Appliances: Gas Water Heater
Lot description: Street Level
Heating/cooling: None
Heating description: Wall Furnace

Last Updated: 10/12/2026

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Lat/Long: 37.900410, -122.306924.
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Listing Agent: Ethan Berger
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

Hispanic/Non-Hispanic Population

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