3263 Belmont Ave,El Cerrito, CA 94530
El Cerrito, CA 94530
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.
Details
| MLS # | 41150291 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 13 |
| Listing Provided By | NAI Northern California | Ethan Berger |
Features
| Units | 8 |
|---|---|
| Acreage | 0.21 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater |
Exterior
| Roof | Tar Gravel |
|---|---|
| Lot Features | Street Level |
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | El Cerrito |
| Zip Code | 94530 |
| Community Name | EL CERRITO |
| Listing VS Median (in EL CERRITO) | |
Price: $2,495,000 low | high Med: $0 On site: 13 low | high Med: | |
Market Activity 94530
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Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | El Cerrito |
| Zip Code | 94530 |
| Community Name | EL CERRITO |
| Listing VS Median (in EL CERRITO) | |
Price: $2,495,000 low | high Med: $0 On site: 13 low | high Med: | |
 | $2,900,0006433 FairmountEl Cerrito, CA 94530 |