CA > San Mateo
San Mateo, CA 94401,160 N Claremont ST
San Mateo, CA 94401,160 N Claremont ST
San Mateo, CA 94401,160 N Claremont ST
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Eddie Oberoi

Eddie Oberoi

+1(408) 771-4088
$1,900,000
Est. payment /mo
7 Beds
4 Baths
4,145 SqFt
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UPDATED:

01/30/2025 12:05 AM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,145 sqft

Price per Sqft $458

MLS Listing ID ML81990301

Bedrooms 7

Full Baths 4

Year Built 1900

Lot Size 5,980 Sqft

Property Description

5-Units for $1,900,000 Near Downtown San Mateo!! 5 Easy-To-Rent, Transit-Oriented Apartment Units (Near Downtown San Mateo / Walkscore: 92). Convenient Location: 8-Min. Walk to San Mateo Cal-Train Station & Downtown San Mateo. Strong Rental Location w/ Little to No Historical Vacancy. Supply-Constrained: Very Few Small/Midsized Apartments Nearby. Set Among Single Family Homes. Excellent Unit Mix: 3 BR/1 BA (1), 2 BR/1 BA (2), and 1 BR/1 BA (2) Plus Shared Yard. Potential to Increase Rents, Re-Tenant and Boost Rents and NOI. Capital Improvements: Dual-Pane Windows, Fence, Water Heaters, Coin-Op Washer & Dryers, 16-Camera Security Camera System, Exterior Painting, Updated Plumbing and Electrical, Drought-Resistant Landscaping. Proven, Consistent Income-Generator, Providing Strong Cashflow with Low Vacancies and Little Turnovers. Reasonably Low Operating Costs. Easy Access to Major Technology Employers in the Mid-Peninsula: Visa, Genentech, EA, Meta, Google, Stanford, etc. Easy Access to El Camino Real, Highway 101, 92, 280. Walkscore: 92 / Bike Score: 80. Current CAP Rate: 4.32% / Current GRM: 13.2. Pro-Forma CAP Rate: 5.05% / Pro-Forma GRM: 12. Building SF: 4,145 SF / Lot Size: 5,980 SF / Cost Per SF: $458/SF. Please Do Not Disturb Tenants. Thank you!

Location

State CA

County San Mateo

Area Eastern Addition/Downtown Area

Zoning RM0004

Interior

Heating Radiant Floors, Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Attached Garage, Off-Street Parking

Garage Spaces 4.0

Community Features Other

Utilities Available Individual Electric Meters, Public Utilities

Roof Type Composition

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 032-304-230

Security Features Secured Garage / Parking,Security Lights,Video / Audio System

Special Listing Condition Not Applicable

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Listed by Don Sung • Colliers Parrish International

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agent

Eddie Oberoi

+1(408) 771-4088

Agent | License ID: 01323567

Agent License ID: 01323567

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160 N Claremont ST