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Multifamily

1307 Palos Verdes Drive

1307 Palos Verdes Drive, San Mateo, CA 94403

Listing Price: $3,988,000

Cap Rate
3.08%
Number of Units
8
GRM
19.47
Occupancy
97.0%
Price/Unit
$498,500
Price/Gross SF
$476.75
Gross SF
8,365

Investment Overview

San Mateo has seen tremendous growth in the last twenty years due to an exuberant amount of tech IPOs, prestigious universities, and a land mass that has created a restricted amount of new developments to support new households. San Francisco and Silicon Valley are the two highest income per capita regions in the United States. San Mateo is nestled between them, along with its proximity to San Francisco International Airport, Northern Californias most important airport. Because of all of these attractive attributes and many more unmentioned,1307 Palos Verdes Drive will continue to see high rental demand, rent growth, appreciation, and a strong tenant profile for many years to come.

Investment Highlights

  • First Time Available To The Public For Purchase Since 1976.
  • Pride of Ownership Eight-Unit Apartment Complex In The San Mateo Hills.
  • Walking distance to Laurelwood Shopping Center and College of San Mateo.
  • Exceptionally High Medium Annual Income Within 5-Miles From Property Nearly $200K.
  • Excellent location to major Peninsula employers including Visa, Genentech and Oracle.

Exclusively Listed By

Listing Price: $3,988,000

Cap Rate
3.08%
Number of Units
8
GRM
19.47
Occupancy
97.0%
Price/Unit
$498,500
Price/Gross SF
$476.75
Gross SF
8,365

Investment Highlights

  • First Time Available To The Public For Purchase Since 1976.
  • Pride of Ownership Eight-Unit Apartment Complex In The San Mateo Hills.
  • Walking distance to Laurelwood Shopping Center and College of San Mateo.
  • Exceptionally High Medium Annual Income Within 5-Miles From Property Nearly $200K.
  • Excellent location to major Peninsula employers including Visa, Genentech and Oracle.

Investment Overview

San Mateo has seen tremendous growth in the last twenty years due to an exuberant amount of tech IPOs, prestigious universities, and a land mass that has created a restricted amount of new developments to support new households. San Francisco and Silicon Valley are the two highest income per capita regions in the United States. San Mateo is nestled between them, along with its proximity to San Francisco International Airport, Northern Californias most important airport. Because of all of these attractive attributes and many more unmentioned,1307 Palos Verdes Drive will continue to see high rental demand, rent growth, appreciation, and a strong tenant profile for many years to come.

Exclusively Listed By

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