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.
EL CERRITO FOURPLEX 100% OCCUPIED $87,576/YEAR CURRENT RENT Income-producing fourplex with four occupied units generating $7,298/month ($87,576/year) in current scheduled rent. The property features one 2BD/1BA unit and three 1BD/1BA units, providing diversified rental income with no current vacancy. Conveniently located just off Central Avenue near El Cerrito Plaza, BART, Pacific East Mall, restaurants, and Highway 80. 2 Bedroom unit features include a private deck, hardwood floors, laundry. Established income, 100% occupancy, four-unit scarcity, and a prime East Bay location. Current rent roll, leases, operating information, and disclosures available to qualified buyers.
Courtesy: Coldwell Banker Realty
510-486-1495
El Cerrito is located in California. El Cerrito, California has a population of 25,898. El Cerrito is less family-centric than the surrounding county with 33.86% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in El Cerrito, California is $116,875. The median household income for the surrounding county is $110,455 compared to the national median of $69,021. The median age of people living in El Cerrito is 42 years.
The average high temperature in July is 70.5 degrees, with an average low temperature in January of 43.5 degrees. The average rainfall is approximately 25.2 inches per year, with 0 inches of snow per year.
