ActiveCommercial · sale

100106 N Bayshore Boulevard

San Mateo, CA 94401

$8,900,000

  • 0.57 acres
  • Built 1960

Listed by Compass · MLS #ML82050464

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1960.

Property size

0.57 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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PRICE REDUCTION of 550000 The Knights Inn Apartments located at 100106 N Bayshore Boulevard in San Mateo presents a rare 38unit multifamily investment opportunity in San Mateo The property offers a unit mix of thirtyfour 34 studios 381 sqft and four 4 1Bedroom1Bath units 570 sqft Constructed in 1960 and situated on a 24944 sqft lot with approximately 24592 sqft of gross building area across two 2 buildings SB721 COMPLIANT BALCONY REBUILD COMPLETED eliminating a significant capital expenditure and providing investors with a clean compliance profile at close The property further features a secured fencedin pool onsite coinoperated laundry and 36 covered carports 4 uncovered assigned spaces Gas and electric utilities are master metered for each building presenting a direct valueadd opportunity through implementation of a Ratio Utility Billing System RUBS The pro forma reflects an estimated 45600 in additional RUBS income upon implementationCurrent rents averaging approximately 1610month for studios and 2085month for 1Bed1Bath units reflect meaningful upside to market rents of 2100 and 2395 respectively as validated by the nearby Country Club Apts at 420 N Bayshore Boulevard

THE NEIGHBORHOOD

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100106 N Bayshore Boulevard, San Mateo, CA 94401

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THE DETAILS

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Property type
CommercialSale
Category
Commercial
Year built
1960
Heating
WallFurnace
Zoning
Commercial Multifamily
Parcel
033171150
Elementary school
Other
Middle school
Other
High school
San Mateo
Annual property tax
$99,689.00
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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100106 N Bayshore Boulevard, San Mateo, CA 94401 · MLS #ML82050464

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Listing information

MLS #ML82050464 · California Regional MLS

Listing brokerage: Compass
Listing agent: Nate Gustavson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.