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711 Highland Ave 4 Unit Apartment Building $2,500,000 ($625,000/Unit) San Mateo, CA 94401
Investment Highlights
- Pride of Ownership: First time on the market in 50+ years.
- Rear Building: Two spacious ±1,000 sq. ft. flat-style units with ground floor unit access to private backyard and upper unit access to large balcony.
- Desirably situated on Highland Avenue on the border of San Mateo and Burlingame, commanding premium rents from the region's elite professional tenants
- Front Building: Two massive ±1,770 sq. ft. townhome-style units with dedicated living room, dining room, breakfast nook, and laundry area.
- Fully Equipped Units: All units are outfitted with a full suite of kitchen appliances (refrigerator, disposal, oven/range) and individual in-unit W&D.
- Located minutes from both the San Mateo and Burlingame Downtowns & Caltrain stations.
Executive Summary
An extraordinary find in the heart of the Peninsula, this large, meticulously configured fourplex located at 711-717 Highland Avenue presents a rare combination of immediate cash-flow and long-term appreciation. Situated across two independent buildings on a single parcel, the property balances structural versatility with extensive tenant appeal.
The front building consists of two massive 2 bedroom 1.5 bathroom townhome style units spanning approximately 1,770 square feet each. These two-story spaces are designed for premium living, featuring an expansive first floor with a spacious living room, formal dining room, private breakfast nook, kitchen, laundry area, and a convenient half-bathroom, while the upper level hosts two bright bedrooms, a bonus room and a full bath.
The rear building houses two flat-style 2 bedroom 1 bathroom units measuring a generous 1,000 square feet each. The ground-floor flat enjoys direct access to a private backyard space, while the upper unit benefits from an expansive balcony.
Each unit is fully equipped with washer and dryer, refrigerator, range/oven, garbage disposal as well as four dedicated carports.
Perfect for owner occupied and multifamily operators looking to capture top-tier Bay Area rents.
The front building consists of two massive 2 bedroom 1.5 bathroom townhome style units spanning approximately 1,770 square feet each. These two-story spaces are designed for premium living, featuring an expansive first floor with a spacious living room, formal dining room, private breakfast nook, kitchen, laundry area, and a convenient half-bathroom, while the upper level hosts two bright bedrooms, a bonus room and a full bath.
The rear building houses two flat-style 2 bedroom 1 bathroom units measuring a generous 1,000 square feet each. The ground-floor flat enjoys direct access to a private backyard space, while the upper unit benefits from an expansive balcony.
Each unit is fully equipped with washer and dryer, refrigerator, range/oven, garbage disposal as well as four dedicated carports.
Perfect for owner occupied and multifamily operators looking to capture top-tier Bay Area rents.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Price | $2,500,000 | Building Class | B |
| Price Per Unit | $625,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,538 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Zoning | CM - commercial multifamily | ||
| Price | $2,500,000 |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 5,538 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | CM - commercial multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | - | 1,768 - 1,772 |
| 2+1 | 2 | - | 1,000 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 032-142-060 | Improvements Assessment | $1,200,000 |
| Land Assessment | $1,500,000 | Total Assessment | $2,700,000 |
Property Taxes
Parcel Number
032-142-060
Land Assessment
$1,500,000
Improvements Assessment
$1,200,000
Total Assessment
$2,700,000
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711 Highland Ave
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