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.