Properties

Property Description

Well maintained San Mateo 5-plex in the Hayward Park neighborhood. Rare opportunity for immediate upside in rents as all tenants are on month to month leases and property is 100% occupied. This property is a great opportunity for an owner looking for monthly revenue with little to no maintenance. Median Household Income of the area exceeds $124,000. Leaving the property as-is, rents are still currently below market value creating the opportunity for an immediate increase in revenue.

Property Features

  • 4,310 SF building
  • 6,200 SF lot
  • 5 units (1 2bed/1 bath, and 4 1 bed/1bath)
  • Walk to Trader Joe’s and Cal Train
  • 5 covered parking spaces
  • CAP Rate 3.5%
  • $96,000 current annual gross income
  • Gross Rent Multiplier 22.9
Address Map
US
CA
San Mateo
94402
S Grant
1710
Street
0
W123° 41' 48.2''
N37° 33' 26''

Multi-Family

1710 S Grant Street, San Mateo, California 94402

0 Bathrooms
4,310 Sqft
$2,200,000
Listing ID #1046
Basic Details
Property Type : Commercial
Listing Type : Sold
Listing ID : 1046
Price : $2,200,000
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,310 Sqft
Year Built : 0
Lot Area : 6,200 Sqft
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