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Multifamily

1 Hayward Ave

1 Hayward Ave, San Mateo, CA 94401

Listing Price: $3,800,000

Cap Rate
4.72%
Number of Units
6
GRM
14.80
Price/Unit
$633,333
Price/Gross SF
$559.32
Gross SF
6,794

Investment Overview

1 Hayward Ave is a stunning multifamily investment opportunity with a fully entitled mixed-use redevelopment site by the City of San Mateo. Proposed renderings feature 18 dwelling units and 2 office/retail spaces.

Situated on a parcel of land totaling 12,824 square feet, the subject property was originally constructed in 1938 and has a gross building area of approximately 6,794 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. Additionally, the subject property provides tenants with private garages and backyard space. The subject site features three fully renovated semi-detached houses with convenient amenities such as private garages, backyard space, and in-unit laundry. All units are currently on a month to month lease.

The subject property is located within close proximity to both Downtown San Mateo and Downtown Burlingame, a popular area featuring a myriad of diverse retail shops, fine dining, and entertainment options. The subject property is also located nearby many major transportation corridors including U.S. Route 101, California State Route 92, and the San Mateo Caltrain Station. These transportation hubs provide tenants close proximity to both San Francisco and the South Bay, allowing for quick access to many of the nation's top employers including Google, Facebook, Apple Stanford Medicine, 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, 1 Hayward Ave presents an attractive choice for investors due to its fully entitled mixed-use redevelopment plan, 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 multifamily asset in one of the most dynamic and desirable locations in San Mateo.
  • Fully Renovated Semi-Detached Houses - 1 Hayward Ave offers fully renovated semi-detached houses with convenient amenities such as private garages, backyard space, and in-unit laundry.
  • Major Thoroughfare - The subject property consists of three separate buildings within one large parcel of land facing the major thoroughfare of El Camino Real.
  • Prime San Mateo Location - 1 Hayward Ave is located within two blocks from Downtown San Mateo and within close proximity to Downtown Burlingame, both popular areas featuring a myriad of diverse retail shops, fine dining, and entertainment options.

Exclusively Listed By

Multifamily

1 Hayward Ave

Listing Price: $3,800,000

Cap Rate
4.72%
Number of Units
6
GRM
14.80
Price/Unit
$633,333
Price/Gross SF
$559.32
Gross SF
6,794

Investment Highlights

  • Exceptional Peninsula Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in San Mateo.
  • Fully Renovated Semi-Detached Houses - 1 Hayward Ave offers fully renovated semi-detached houses with convenient amenities such as private garages, backyard space, and in-unit laundry.
  • Major Thoroughfare - The subject property consists of three separate buildings within one large parcel of land facing the major thoroughfare of El Camino Real.
  • Prime San Mateo Location - 1 Hayward Ave is located within two blocks from Downtown San Mateo and within close proximity to Downtown Burlingame, both popular areas featuring a myriad of diverse retail shops, fine dining, and entertainment options.

Investment Overview

1 Hayward Ave is a stunning multifamily investment opportunity with a fully entitled mixed-use redevelopment site by the City of San Mateo. Proposed renderings feature 18 dwelling units and 2 office/retail spaces. Situated on a parcel of land totaling 12,824 square feet, the subject property was originally constructed in 1938 and has a gross building area of approximately 6,794 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. Additionally, the subject property provides tenants with private garages and backyard space. The subject site features three fully renovated semi-detached houses with convenient amenities such as private garages, backyard space, and in-unit laundry. All units are currently on a month to month lease. The subject property is located within close proximity to both Downtown San Mateo and Downtown Burlingame, a popular area featuring a myriad of diverse retail shops, fine dining, and entertainment options. The subject property is also located nearby many major transportation corridors including U.S. Route 101, California State Route 92, and the San Mateo Caltrain Station. These transportation hubs provide tenants close proximity to both San Francisco and the South Bay, allowing for quick access to many of the nation's top employers including Google, Facebook, Apple Stanford Medicine, 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, 1 Hayward Ave presents an attractive choice for investors due to its fully entitled mixed-use redevelopment plan, close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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