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Azara 1650 S Delaware St 74 Unit Apartment Building For Sale San Mateo, CA 94402
Investment Highlights
- Rare San Francisco Peninsula Investment Opportunity
- Comprehensive Resort-Style Amenity Package
- Dynamic Mid-Peninsula Employment Base
- Exceptional Physical Plant with Distinctive Contemporary Design
- Strong Leasing and Operating Momentum
- Direct Proximity to Transit & Lifestyle Amenities
Executive Summary
Institutional Property Advisors is pleased to present Azara, a newly constructed, 74-unit luxury apartment community in the heart of the San Francisco Peninsula, a premier Bay Area region characterized by strong employment fundamentals, high barriers to entry, and consistent rental demand. The property is located in San Mateo, CA, with strategic proximity to the major employment centers of San Francisco, Oyster Point, the broader Peninsula, and Silicon Valley. Azara further benefits from direct adjacency to the Hayward Park Caltrain Station, walkable access to several major office campuses, and close proximity to downtown San Mateo’s shopping, dining, and lifestyle amenities.
Property Facts
| Sale Type | Investment | Building Class | A |
| No. Units | 74 | Building Size | 125,026 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Sale Type | Investment |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Building Size | 125,026 SF |
| Average Occupancy | 97% |
| No. Stories | 5 |
| Year Built | 2021 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 29 | - | 699 - 773 |
| 2+2 | 45 | - | 975 - 1,472 |
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Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 035-200-120 | Improvements Assessment | $49,399,232 |
| Land Assessment | $3,898,241 | Total Assessment | $53,297,473 |
Property Taxes
Parcel Number
035-200-120
Land Assessment
$3,898,241
Improvements Assessment
$49,399,232
Total Assessment
$53,297,473
Contact
-
Rob LeDoux -
Institutional Property Advisors
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Azara | 1650 S Delaware St
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