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Multifamily

212 12th Ave

212 12th Ave, San Mateo, CA 94402

Listing Price: $1,980,000

Cap Rate
3.35%
Number of Units
4
GRM
18.92
Price/Unit
$495,000
Price/Gross SF
$1,205.11
Gross SF
1,643

Investment Overview

212 12th Ave is a stunning fourplex strategically located in the heart of the thriving city of San Mateo, California.

Situated on a parcel of land totaling 5,000 square feet, the subject property was originally constructed in 1957 and has a gross building area of approximately 1,643 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans with private garages. Select units also feature back patios. Additionally, all units have undergone extensive capital improvements including remodeled kitchen cabinets, stainless steel appliances, marble countertops, dual pane windows, new flooring, bathroom tile flooring, recessed lighting, shower and tub, vanity, as well as new interior and exterior paint.

The subject property is located across the street from Hayward Square Park and 5 blocks away from Downtown San Mateo, featuring a myriad of diverse retail shops, dining and entertainment options. 212 12th Ave is also located within convenient access to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station. These transportation hubs provide tenants and residents with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others.

The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 212 12th Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Exceptional Peninsula Investment Opportunity - Investors have the opportunity to acquire an exceptional 4-unit multifamily asset in one of the most dynamic and desirable locations in San Mateo.
  • Desirable Neighborhood Location - The subject property is conveniently located in Hayward Park, a charming residential neighborhood characterized by treelined streets and historic homes.
  • Extensive Capital Expenditures - All units have undergone extensive capital improvements including remodeled kitchen cabinets, stainless steel appliances, new flooring, recessed lighting, and more.
  • Prime San Mateo Location - The subject property lies 1 mile from the San Mateo Caltrain Station and 5 blocks of Downtown San Mateo featuring a myriad of diverse retail shops, dining and entertainment options.

Exclusively Listed By

Multifamily

212 12th Ave

Listing Price: $1,980,000

Cap Rate
3.35%
Number of Units
4
GRM
18.92
Price/Unit
$495,000
Price/Gross SF
$1,205.11
Gross SF
1,643

Investment Highlights

  • Exceptional Peninsula Investment Opportunity - Investors have the opportunity to acquire an exceptional 4-unit multifamily asset in one of the most dynamic and desirable locations in San Mateo.
  • Desirable Neighborhood Location - The subject property is conveniently located in Hayward Park, a charming residential neighborhood characterized by treelined streets and historic homes.
  • Extensive Capital Expenditures - All units have undergone extensive capital improvements including remodeled kitchen cabinets, stainless steel appliances, new flooring, recessed lighting, and more.
  • Prime San Mateo Location - The subject property lies 1 mile from the San Mateo Caltrain Station and 5 blocks of Downtown San Mateo featuring a myriad of diverse retail shops, dining and entertainment options.

Investment Overview

212 12th Ave is a stunning fourplex strategically located in the heart of the thriving city of San Mateo, California. Situated on a parcel of land totaling 5,000 square feet, the subject property was originally constructed in 1957 and has a gross building area of approximately 1,643 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans with private garages. Select units also feature back patios. Additionally, all units have undergone extensive capital improvements including remodeled kitchen cabinets, stainless steel appliances, marble countertops, dual pane windows, new flooring, bathroom tile flooring, recessed lighting, shower and tub, vanity, as well as new interior and exterior paint. The subject property is located across the street from Hayward Square Park and 5 blocks away from Downtown San Mateo, featuring a myriad of diverse retail shops, dining and entertainment options. 212 12th Ave is also located within convenient access to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station. These transportation hubs provide tenants and residents with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others. The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 212 12th Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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