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Listing Courtesy Of:
Colliers Parrish International, 650-380-5188, Don Sung
Listing Sold By:
KW Advisors
Local Realty Services Provided By:
KW Advisors
Overview
What It'll Cost
Neighborhood
Similar Homes
Claremont, San Mateo, CA 94401
Claremont, San Mateo, CA 94401
Estimation provided by Keller Williams Realty Inc.
Sold
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!
Property Details
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Overview
Property Type
Five Or More Units
Property Size
Year Built
1900
Days on Site
71 Days
HVAC
Radiant Floors, Wall Furnace
Parking
4 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
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Estimated Monthly Payment
Purchase Price:
$1,888,888
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
01/14/2025
Listed
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+14.65% )
Land 34,857 +
Additions 113,761
2021
(+19.49% )
Land 33,504 +
Additions 109,345
2019
(+11.73% )
Land 32,512 +
Additions 106,102
2018
(-9.06% )
Land 31,875 +
Additions 104,022
2016
Land 30,638 +
Additions 99,984
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
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Car-Dependent
Walkable
Very Walkable
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