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1015 10th Ave - 1015-1017 10th Ave, San Mateo, CA 94402 2 Unit Apartment Building Offered at $1,725,000 at a 3.40% Cap Rate San Mateo, CA 94402
Investment Highlights
- Rare Mid-Peninsula Duplex
- Desirable Floor Plan
- Desirable Neighborhood Location
- Close Proximity to Downtown San Mateo
Executive Summary
For additional information please contact Cole Simpson at 650-888-7696 or Cole.Simpson@marcusmillichap.com
Rare vacant Duplex within 0.5 miles from downtown San Mateo. 1015-1017 10th Ave is a well-situated duplex located in the thriving city of San Mateo. Situated on a 4,800 square foot parcel of land, the subject property was originally constructed in 1939 and has a gross building area of approximately 2,799 square feet, offering its tenants beautifully designed two-bedroom single-family floor plans. Tenants enjoy the privacy of single-family living with no shared walls and convenient amenities such as private garage parking and individual fenced backyards. 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. 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, 1015-1017 10th Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Rare vacant Duplex within 0.5 miles from downtown San Mateo. 1015-1017 10th Ave is a well-situated duplex located in the thriving city of San Mateo. Situated on a 4,800 square foot parcel of land, the subject property was originally constructed in 1939 and has a gross building area of approximately 2,799 square feet, offering its tenants beautifully designed two-bedroom single-family floor plans. Tenants enjoy the privacy of single-family living with no shared walls and convenient amenities such as private garage parking and individual fenced backyards. 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. 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, 1015-1017 10th Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Property Facts
| Price | $1,725,000 | No. Units | 2 |
| Price Per Unit | $862,500 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,799 SF |
| Cap Rate | 3.40% | No. Stories | 1 |
| Gross Rent Multiplier | 18.91 | Year Built | 1939 |
| Price | $1,725,000 |
| Price Per Unit | $862,500 |
| Sale Type | Investment |
| Cap Rate | 3.40% |
| Gross Rent Multiplier | 18.91 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,799 SF |
| No. Stories | 1 |
| Year Built | 1939 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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1015 10th Ave - 1015-1017 10th Ave, San Mateo, CA 94402
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