$535,000
400 Davey Glen Rd Apt 4824, Belmont 94002
AddressIntel AI Briefing
Framed as a clean condo investment play, this property represents a solid long-term rental hold given its below-market pricing and active interior permits indicating recent capital improvements. Strong demand in the Belmont submarket supports stable rental yields, making a turn-key buy-and-hold approach the most attractive execution.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2026-08-07 | ALTERATION - ALTERATION | ACTIVE | -- | Unknown |
| 2026-07-08 | ALTERATION - INTERIOR REMODEL | ACTIVE | -- | Unknown |
Recent Neighborhood Remodeling (Belmont)
Parcel & Zoning Info
Condo Investment Snapshot
Price positioning vs. 33 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
Fault Zone
Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).
Nearby Public Schools
Central Elementary
Belmont-Redwood Shores Elementary
Tierra Linda Middle
San Carlos Elementary
Design Tech High
San Mateo Union High
School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.
Proprietary Intelligence
Market Heat Index
68/100
Based on recent sales velocity and local demand in 94002.
Flippability Score
60/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
37%
Likelihood of multiple offers based on local list-to-sale ratios and DOM.
Proforma ROI Calculator
Back-of-the-napkin deal analysis across development strategies.
Median of 10 recent condo sales in Belmont (94002): $893/sqft. Sized within 25% of the 1,100 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.
Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.
Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (Belmont 94002)
Sized to the modelled 1,100 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.