Investment Overview

230 Grand Blvd is a stunning 6-unit multifamily asset located in the thriving city of San Mateo, California. Situated on a 9,800 square foot parcel of land, the subject property was originally constructed in 1978 and has a gross building area of approximately 6,290 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants enjoy convenient community amenities such as private tuck-under parking and an on-site laundry facility. Additionally, the subject property offers five of the six units renovated, with two of them featuring in-unit washers and dryers. San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the numerous street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. 230 Grand Blvd is approximately equidistant to Downtown San Mateo and Downtown Burlingame, both home to a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. These transportation hubs provide tenants 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, 230 Grand Blvd presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.