160 N Claremont ST, San Mateo, CA 94401
- $1,888,888
- 4,145
- SqFt
Listed by Don Sung, 650-380-5188 from Colliers Parrish International
(If provided) CoList: from
Sold listing courtesy of Alice Xu from KWPEN
- Sold Price
- $1,888,888
- List Price
- $1,900,000
- Closing Date
- Feb 11, 2025
- MLS#
- ML81990301
- Status
- SOLD
- Sqft. of Residence
- 4,145
- Lot Size
- 5,980
- Listing Area
- Eastern Addition/Downtown Area
- Year Built
- 1900
Property Description
5-Units for $1,900,000 Near Downtown San Mateo!! 5 Easy-To-Rent, Transit-Oriented Apartment Units (Near Downtown San Mateo / Walkscore: 92). Convenient Location: 8-Min. Walk to San Mateo Cal-Train Station & Downtown San Mateo. Strong Rental Location w/ Little to No Historical Vacancy. Supply-Constrained: Very Few Small/Midsized Apartments Nearby. Set Among Single Family Homes. Excellent Unit Mix: 3 BR/1 BA (1), 2 BR/1 BA (2), and 1 BR/1 BA (2) Plus Shared Yard. Potential to Increase Rents, Re-Tenant and Boost Rents and NOI. Capital Improvements: Dual-Pane Windows, Fence, Water Heaters, Coin-Op Washer & Dryers, 16-Camera Security Camera System, Exterior Painting, Updated Plumbing and Electrical, Drought-Resistant Landscaping. Proven, Consistent Income-Generator, Providing Strong Cashflow with Low Vacancies and Little Turnovers. Reasonably Low Operating Costs. Easy Access to Major Technology Employers in the Mid-Peninsula: Visa, Genentech, EA, Meta, Google, Stanford, etc. Easy Access to El Camino Real, Highway 101, 92, 280. Walkscore: 92 / Bike Score: 80. Current CAP Rate: 4.32% / Current GRM: 13.2. Pro-Forma CAP Rate: 5.05% / Pro-Forma GRM: 12. Building SF: 4,145 SF / Lot Size: 5,980 SF / Cost Per SF: $458/SF. Please Do Not Disturb Tenants. Thank you!
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Additional Information
- Acres
- 0.14
- Age
- 125
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Wood Frame
- Garage Parking
- Attached Garage, Off-Street Parking
- Heating System
- Radiant Floors, Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 4,145
- Lot Size
- 5,980
- Neighborhood
- Eastern Addition/Downtown Area
- Other Utilities
- Individual Electric Meters, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM0004
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