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Multifamily

378 N Delaware St

378 N Delaware St, San Mateo, CA 94401

Listing Price: $3,228,000

Cap Rate
4.42%
Number of Units
6
Occupancy
100.0%
Price/Unit
$538,000
Price/Gross SF
$433.87
Gross SF
7,440

Investment Overview

378 N Delaware St is a stunning 6-unit apartment community located in the thriving city of San Mateo, California. Situated on a parcel of land totaling 12,100 square feet, the subject property was originally constructed in 1930 and has a gross building area of approximately 7,440 square feet, offering its tenants beautifully designed two-bedroom floor plans with private garages. The subject property has also undergone recent capital improvements including a new main sewer line. 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 many street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. 378 N Delaware St is located in a desirable neighborhood within walking distance to Downtown San Mateo(0.5mi), featuring a myriad of diverse retail shops, dining and entertainment options. The subject property is also located within close proximity to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station. These traffic hubs provide tenants and residents 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, 378 N Delaware St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity for an Investor to Acquire a Well-Located Asset in One of the Most Dynamic and Desirable Locations in the Bay Area
  • Desirable Unit Mix Consisting of Beautifully Designed 100% Two-Bedroom Floor Plans with Private Garages
  • Recent Capital Improvements Including a New Main Sewer Line
  • Prime Location within Walking Distance to Downtown San Mateo (0.5 mi)Featuring a Myriad of Diverse Retail Shops, Dining and Entertainment Options
  • Convenient Access to Transportation Corridors Including U.S. Route 101,California State Route 92 and the San Mateo Caltrain Station
  • Close Proximity to Many of the Nation's Top Tech Employers Including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as Many Others

Exclusively Listed By

Multifamily

378 N Delaware St

Listing Price: $3,228,000

Cap Rate
4.42%
Number of Units
6
Occupancy
100.0%
Price/Unit
$538,000
Price/Gross SF
$433.87
Gross SF
7,440

Investment Highlights

  • Tremendous Investment Opportunity for an Investor to Acquire a Well-Located Asset in One of the Most Dynamic and Desirable Locations in the Bay Area
  • Desirable Unit Mix Consisting of Beautifully Designed 100% Two-Bedroom Floor Plans with Private Garages
  • Recent Capital Improvements Including a New Main Sewer Line
  • Prime Location within Walking Distance to Downtown San Mateo (0.5 mi)Featuring a Myriad of Diverse Retail Shops, Dining and Entertainment Options
  • Convenient Access to Transportation Corridors Including U.S. Route 101,California State Route 92 and the San Mateo Caltrain Station
  • Close Proximity to Many of the Nation's Top Tech Employers Including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as Many Others

Investment Overview

378 N Delaware St is a stunning 6-unit apartment community located in the thriving city of San Mateo, California. Situated on a parcel of land totaling 12,100 square feet, the subject property was originally constructed in 1930 and has a gross building area of approximately 7,440 square feet, offering its tenants beautifully designed two-bedroom floor plans with private garages. The subject property has also undergone recent capital improvements including a new main sewer line. 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 many street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. 378 N Delaware St is located in a desirable neighborhood within walking distance to Downtown San Mateo(0.5mi), featuring a myriad of diverse retail shops, dining and entertainment options. The subject property is also located within close proximity to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station. These traffic hubs provide tenants and residents 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, 378 N Delaware St 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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