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2760 Melendy Dr
San Carlos, CA 94070
Multifamily Property For Sale
·
18 Units
Investment Highlights
- First time on the market in over 40 Years
- Approximately 60% upside upon unit turnover
- Pro forma cap rate of 4.9% GRM of 12.94
- Rare opportunity to acquire a large apartment complex in the coveted city of San Carlos in San Mateo
- Units have stunning views
- Excellent San Carlos Public School Districts
Property Facts
| No. Units | 18 | Building Size | 27,000 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | B | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.90 AC |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 27,000 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Recycling
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 18 | $3,225 | 1,000 |
Property Taxes
| Parcel Number | 050-321-230 | Improvements Assessment | $4,337,000 |
| Land Assessment | $5,163,000 | Total Assessment | $9,500,000 |
Property Taxes
Parcel Number
050-321-230
Land Assessment
$5,163,000
Improvements Assessment
$4,337,000
Total Assessment
$9,500,000
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