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Multifamily

168 Santa Clara Ave

168 Santa Clara Ave, San Bruno, CA 94066

Listing Price: $2,695,000

Cap Rate
5.90%
Number of Units
8
GRM
11.73
Occupancy
97.0%
Price/Unit
$336,875
Price/Gross SF
$303.94
Gross SF
8,867

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.

Investment Highlights

  • (8) 1bed/1bath loft apartment units
  • 2 non-conforming spaces to convert to livable spaces
  • 10 onsite parking spaces
  • On-site laundry facility for tenant convivence
  • Every unit has a private deck
  • High ceilings with lots of natural light

Exclusively Listed By

Multifamily

168 Santa Clara Ave

Listing Price: $2,695,000

Cap Rate
5.90%
Number of Units
8
GRM
11.73
Occupancy
97.0%
Price/Unit
$336,875
Price/Gross SF
$303.94
Gross SF
8,867

Investment Highlights

  • (8) 1bed/1bath loft apartment units
  • 2 non-conforming spaces to convert to livable spaces
  • 10 onsite parking spaces
  • On-site laundry facility for tenant convivence
  • Every unit has a private deck
  • High ceilings with lots of natural light

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.

Exclusively Listed By

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