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3263 Belmont Ave

El Cerrito, CA 94530
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Bed --

Bed

Bath 0

Bath

SqFt9,265

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,495,000

AD Id : 91680404

MLS Id : 41150291

Lot Size : 9,265 Sq. Ft

Year Built : 1963

County : Contra Costa

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Feature Features

  • Interior Features

    Roof: TarGravel
    Appliances: GasWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: None

  • Building Information

    Year Built: 1963
    Private Pool: No

  • Lot Information

    Main Square Feet: 9265 Lot Size Acres: 0.2127 Lot Size Square Feet: 9,265 Lot Description: StreetLevel

    Property Information

    Subdivision: EL CERRITO Source Property Type: ResidentialIncome Property Age: 63

  • Listing Price Information

    Listing Price: $2495000

  • Tax Information

    Parcel Number: 5100200046

  • Parking Information

    Parking Total: 6

  • Location Information

    Direction: Cross Street: Central Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3027 Yolo Ave, El Cerrito, CA, 94530 $1,200,000 5 4 -- 3,350 Sq. Ft

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ByOwner last updated this listing 10/10/2026 @ 18:15

MLS: 41150291 LISTED BY: Ethan Berger, NAI Northern California 510-336-4712 SOURCE: CRMLS

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