$2,750,000
$2,695,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
8,866 SqFt
SOLD DATE : 07/23/2024
Key Details
Sold Price $2,750,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,866 sqft
Price per Sqft $310
MLS Listing ID ML81964840
Sold Date 07/23/24
Bedrooms 1
Full Baths 1
Year Built 1972
Lot Size 8,755 Sqft
Property Description
INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the opportunity to acquire 168 Santa Clara Ave, a 8-unit multifamily property located in the heart of San Bruno. The property presents a rare opportunity for an investor to enter the Peninsula market with a strong cash flow day one. 168 Santa Clar Ave was constructed in 1972 and consists of two wood frame, three story structures that are clad with stucco and T1-11 siding. The unit mix has (8) 1-bedroom/1 bathroom loft apartments that are about 800 sq ft each. The property consists of two buildings sitting on a 0.20 acre (or 8,755 sq ft) lot. The subject property also contains three non-conforming units that a savvy investor can turn into livable space, buyer to perform their own investigation into the legalization process. Two of the non-conforming spaces are located at the rear of each building with natural light and a designated bathroom, each space is approximately 600 sq ft. The subject property has 8 tuck-under parking stalls and 2 additional covered spaces providing on-site parking for 10 vehicles. The subject property has a shared common laundry room that provides additional income.
Location
State CA
County San Mateo
Area Lomita Park
Zoning R30000
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Vinyl / Linoleum
Exterior
Parking Features Carport
Community Features None
Utilities Available Public Utilities
Roof Type Shingle
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 021-186-210
Security Features None
Special Listing Condition Not Applicable
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Bought with Zaheer Siddiqui • JPAR Iron Horse Real Estate
"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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