714-745-2708

3263 Belmont Ave, El Cerrito, CA 94530

$2,495,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Ethan Berger | ethan@nainorcal.com
Lic#: 01868467
Broker: Courtesy of NAI Northern California
Phone: 925-588-9740

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

Price: $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

Days On Market (DOM): 36

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Lat/Long: 37.900410, -122.306924.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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