$4,800,000
$5,198,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
9,350 SqFt
SOLD DATE : 04/05/2023
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,350 sqft
Price per Sqft $513
MLS Listing ID ML81916748
Sold Date 04/05/23
Bedrooms 2
Full Baths 1
Year Built 1985
Lot Size 0.253 Acres
Property Description
Completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, unit heaters, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, ±850sf each and situated on an ±11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.
Location
State CA
County San Mateo
Area Marino Vista Park
Zoning R30000
Rooms
Other Rooms Laundry Room, Storage
Kitchen Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Oven Range, Refrigerator
Interior
Heating Electric
Cooling None
Flooring Laminate, Vinyl / Linoleum
Laundry Coin Operated, Washer / Dryer
Exterior
Exterior Feature Balcony / Patio
Parking Features Common Parking Area, Covered Parking
Community Features Common Utility Room
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Other
Building
Lot Description Grade - Level, Paved
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 021-311-280
Security Features Security Fence
Special Listing Condition Not Applicable
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Bought with Paul Beaudreau • KW Advisors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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