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Multifamily

411 N San Mateo Dr

411 N San Mateo Dr, San Mateo, CA 94401

Listing Price: $2,098,000

Cap Rate
4.90%
Number of Units
5
GRM
13.66
Price/Unit
$419,600
Price/Gross SF
$418.26
Gross SF
5,016

Investment Overview

411 N San Mateo Dr is an exceptional 5-unit multifamily asset located in the thriving city of San Mateo, California.

Situated on a 6,050 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 5,016 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants enjoy convenient community amenities such as private garage parking and an on-site laundry facility. Additionally the subject property has undergone major capital improvements including modern renovations of select units and an upgraded electrical system throughout.

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.

411 N San Mateo Dr is walking distance to Downtown San Mateo and is within close proximity to 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, 411 N San Mateo Dr presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • Exceptional San Mateo Investment Opportunity - Investors have the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in the Bay Area.
  • Prime Location - Residents are walking distance to Downtown San Mateo and are within close proximity to Downtown Burlingame, both home to a myriad of shopping, dining and entertainment options.
  • Extensive Capital Expenditures - The subject property has undergone extensive capital improvements including modern renovations of select units, upgraded electrical main and panels.
  • Convenient Community Amenities - Tenants enjoy convenient community amenities such as private garage parking and an on-site laundry facility.
  • Proximity to the Bay Area's Prestigious Job Market - Throughout the Bay Area and Silicon Valley, there are many renown employers including 38 Fortune 500 companies. Recognizable names include Google, Meta (Facebook), Netflix, Apple, Salesforce, Wells Fargo, Microsoft, Cisco, Chevron, Box Inc., Visa, Sony and many others.

Exclusively Listed By

Multifamily

411 N San Mateo Dr

Listing Price: $2,098,000

Cap Rate
4.90%
Number of Units
5
GRM
13.66
Price/Unit
$419,600
Price/Gross SF
$418.26
Gross SF
5,016

Investment Highlights

  • Exceptional San Mateo Investment Opportunity - Investors have the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in the Bay Area.
  • Prime Location - Residents are walking distance to Downtown San Mateo and are within close proximity to Downtown Burlingame, both home to a myriad of shopping, dining and entertainment options.
  • Extensive Capital Expenditures - The subject property has undergone extensive capital improvements including modern renovations of select units, upgraded electrical main and panels.
  • Convenient Community Amenities - Tenants enjoy convenient community amenities such as private garage parking and an on-site laundry facility.
  • Proximity to the Bay Area's Prestigious Job Market - Throughout the Bay Area and Silicon Valley, there are many renown employers including 38 Fortune 500 companies. Recognizable names include Google, Meta (Facebook), Netflix, Apple, Salesforce, Wells Fargo, Microsoft, Cisco, Chevron, Box Inc., Visa, Sony and many others.

Investment Overview

411 N San Mateo Dr is an exceptional 5-unit multifamily asset located in the thriving city of San Mateo, California. Situated on a 6,050 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 5,016 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants enjoy convenient community amenities such as private garage parking and an on-site laundry facility. Additionally the subject property has undergone major capital improvements including modern renovations of select units and an upgraded electrical system throughout. 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. 411 N San Mateo Dr is walking distance to Downtown San Mateo and is within close proximity to 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, 411 N San Mateo Dr 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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