710 Laurel AVE, San Mateo, CA 94401
710 Laurel AVE, San Mateo, CA 94401,Video Tour
710 Laurel AVE, San Mateo, CA 94401
710 Laurel AVE, San Mateo, CA 94401
710 Laurel AVE, San Mateo, CA 94401
710 Laurel AVE, San Mateo, CA 94401
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Eric Sandate

Eric Sandate

+1(650) 576-5580
Listed by Jake Anthony, DRE #02059020 • MJA Equity Investments, Inc.
$ 14,950,000
Est. payment | /mo

3 Beds

3 Baths

21,345 SqFt

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$ 14,950,000
Est. payment | /mo
Save Virtual Tour

3 Beds

3 Baths

21,345 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 21,345 sqft

Price per Sqft $700

MLS Listing ID ML82065118

Bedrooms 3

Full Baths 3

Year Built 1959

Lot Size 0.530 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

MNM Realty Group is pleased to offer 14 tenant-in-common (TIC) positions in Park Laurel Apartments. Together they make up a 64.75% undivided interest in a renovated 26-unit apartment community at 710 Laurel Avenue, bordering Central Park in downtown San Mateo. Individual positions range from 0.70% to 32.00% and may be bought on their own or combined. Each is priced pro rata to a $14,950,000 property valuation ($575,000 per unit). The property has received more than $1.3 million in capital improvements, including a seismic retrofit. Eighteen of the 26 units have been fully renovated with in-unit washer/dryers, new kitchens and modern baths. Amenities include a heated pool, a rare feature in the area, and the property has a Walk Score of 97. It sits about 2 miles from Burlingame Avenue and 10 minutes from SFO. TIC positions offer investors a fractional entry into a supply-constrained Peninsula multifamily asset with remaining value-add upside as market rents continue increasing

Location

State CA

County San Mateo

Area Hayward Park

Zoning R6

Rooms

Kitchen Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Ice Maker, Island, Microwave, Oven - Gas, Pantry Cabinet, Refrigerator, Skylight, Trash Compactor

Interior

Heating Gas, Wall Furnace

Cooling None

Flooring Laminate, Vinyl / Linoleum

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Assigned Spaces, Covered Parking, Enclosed, Gate / Door Opener

Pool Pool - Heated, Steam Room or Sauna

Utilities Available Individual Electric Meters, Individual Gas Meters

View Downtown, Park

Roof Type Flat / Low Pitch

Building

Foundation Concrete Slab

Sewer Sewer in Street

Water Private / Mutual, Public

Others

Tax ID 034-200-060

Special Listing Condition Not Applicable

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Eric Sandate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric.s@guiderealestateca.com

1641 Laurel St, San Carlos, CA 94070-5216, USA

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710 Laurel AVE