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500 N San Mateo Dr 13 Unit Apartment Building $5,100,000 ($392,308/Unit) 3.82% Cap Rate San Mateo, CA 94401
INVESTMENT HIGHLIGHTS
- Central Peninsula Location, Convenient to both San Francisco & Silicon Valley Job Markets
- Transit Oriented Location - Walking Distance to Bus Lines & Caltrain
- Excellent Opportunity to Acquire a Core Apartment Property in a Dynamic Location
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present 500 N San Mateo Drive, in San Mateo California. 500 N San Mateo drive is an exceptional 13-unit apartment building located in North San Mateo in a quiet residential neighborhood block, minutes from downtown San Mateo. This 13-unit apartment community is strategically positioned in the heart of San Mateo, one of the most desirable submarkets in the San Francisco Bay Area. Located midway between San Francisco and Silicon Valley, San Mateo offers residents unmatched access to major employment centers, top-tier schools, and abundant lifestyle amenities. The property benefits from close proximity to Highway 101, Interstate 280, and Caltrain, providing excellent connectivity throughout the Peninsula and beyond.
PROPERTY FACTS
| Price | $5,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $392,308 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 3.82% | Building Size | 10,061 SF |
| Gross Rent Multiplier | 14.94 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.29/1,000 SF |
| Price | $5,100,000 |
| Price Per Unit | $392,308 |
| Sale Type | Investment |
| Cap Rate | 3.82% |
| Gross Rent Multiplier | 14.94 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 10,061 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.29/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Walking/Biking Trails
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $2,163 | 646 - 662 |
| 2+1 | 1 | $2,975 | 777 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 032-162-220 | Improvements Assessment | $369,267 |
| Land Assessment | $154,401 | Total Assessment | $523,668 |
PROPERTY TAXES
Parcel Number
032-162-220
Land Assessment
$154,401
Improvements Assessment
$369,267
Total Assessment
$523,668
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500 N San Mateo Dr
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