314 E Poplar Ave
San Mateo, CA 94401
17 Units | San Mateo · Multifamily Property For Sale
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17 Units
Property Facts
| No. Units | 17 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 20,348 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 0.79/1,000 SF |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 20,348 SF |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 0.79/1,000 SF |
About 314 E POPLAR AVE , SAN MATEO, CA 94401
Marcus & Millichap is pleased to present the Poplar Arms Apartments, a 17-unit complex in San Mateo, CA. Constructed in 1951, 314 East Poplar Avenue sits on a large 17,672-square foot lot, offering 15,154 square feet of gross building area. The asset presents a desirable unit mix of fifteen spacious two-bedroom/one-bath units and two large three-bedroom/one-bath units. The building has been meticulously maintained by current ownership with most of the units receiving nice upgrades and finishes throughout the years including hardwood flooring and granite counter tops. Poplar Arms still provides the terrific opportunity to acquire an asset with strong in-place cash flow while still providing the opportunity to further renovate the unit interiors and bring the rest of the rents to market. In addition to on-site laundry, an investor can also implement a utility bill back system to recover some of the utility expense and further boost the income stream of the asset.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | $2,848 | - |
| 3+1 | 2 | $3,050 | - |
Property Taxes
| Parcel Number | 032-201-010 | Improvements Assessment | $371,598 |
| Land Assessment | $114,312 | Total Assessment | $485,910 |
Property Taxes
