2032 Lyon Avenue, Belmont, California 94002, Belmont, 94002 - 2 bed, 2 bath
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Belmont, California 94002
This property presents a High-Potential Investment Opportunity with a List Price of $1,499,000—positioned well below the $1,438,419 Fair Market Value by -4%. Featuring a Condition Rating of 5, this 1929 fixer-upper requires a full rehab, offering a blank canvas for value-add renovations. Located in a premier Belmont neighborhood with access to Top-Rated Schools like Carlmont High (9/10), the property provides excellent commuter access to Silicon Valley. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize equity through structural and cosmetic upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2032 Lyon Avenue Subject | $1,499,000* List Price | 2 | 2 | 1,090 | $1,320 | - |
A 2218 Ewell Road Sold | $1,570,000 | 3 | 1 | 1,220 | $1,287 | 0.8 mi |
B 1720 Francis Court Sold | $1,920,000 | 3 | 2 | 1,260 | $1,524 | 0.6 mi |
C 1001 Maywood Drive Sold | $1,800,000 | 2 | 2 | 1,420 | $1,268 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929 and marketed as a 'contractor's special' and 'fixer-upper,' this property requires a full rehab. The kitchen and interior finishes are significantly dated (exceeding 30 years), and the exterior shows signs of neglect, including a dilapidated pergola and weathered decking that suggest potential safety or structural needs.
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
Situated in a highly desirable Belmont neighborhood, the property provides access to top-tier schools including Carlmont High and Ralston Intermediate, ensuring strong long-term asset appreciation.
As a 'contractor's special' on a 5,335 sqft lot, this property offers a rare blank-canvas opportunity to renovate or rebuild a custom luxury residence in a high-demand Peninsula market.
The property is explicitly listed as a fixer-upper requiring significant capital expenditure and structural updates, which may pose challenges for traditional financing or non-contractor buyers.
Built in 1929 with only 1,090 square feet of living space, the existing structure is undersized for the area's price point and likely contains outdated systems that do not meet modern standards.
ENDLESS POSSIBILITIES! MAKE YOUR DREAM HOME IN THE BEST NEIGHBORHOOD! This charming fixer-upper is nestled in one of Belmont's most desirable areas. Bursting with potential, this contractor's special offers an incredible opportunity to renovate, reimagine, or create your dream home in a premier location. The home features bright and inviting living spaces, a functional floor plan, and a layout ready for your personal vision and updates. Ideally situated just minutes from vibrant downtown Belmont, you'll enjoy convenient access to popular restaurants, shopping, parks, and everyday amenities. Commuters will appreciate the home's close proximity to Highways 101 and 280, Caltrain, and major employment centers throughout Silicon Valley and San Francisco. Adding to its appeal, the property is located within the boundaries of Belmont's highly regarded schools district. Whether you're an investor, contractor, or buyer looking to customize a home to your exact tastes, this rare opportunity offers the perfect combination of location, potential, and value in one of the Peninsula's most sought-after communities. (NOTE: PHOTOS ALTERED TO REMOVE CLUTTER)
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,090 | 1,680 |
| Lot Size | 5,335 | 6,980 |
| Price | $1.50M | $2.38M |
| Price per sq ft | $1.4K | $1.3K |
| Built year | 1929 | 1953 |
| HOA | $0 | $0 |
| Days on market | 5 | 32 |
Jul 17, 2026
$1,499,000
Initial Listing
Oct 10, 2017
$1,288,000
Public Record
May 17, 2010
$650,000
Public Record