1101 Tilton Ave - Apartments FOR SALE


San Mateo, CA 94401- North Central
$5,180,000 USD
650-888-7696
1101 Tilton Ave, San Mateo, CA for Sale
$5,180,000 USD
Apartments - FOR SALE
1/9
null | 4.87% Cap Rate

1101 Tilton Ave
San Mateo, CA 94401
North Central


HIGHLIGHTS

  • 0.5 Miles from Downtown San Mateo Caltrain Station
  • Parking: Private Garages and Carports
  • 100% Occupied Building

OVERVIEW

For additional Information please contact Cole Simpson at Cole.Simpson@Marcusmillichap.com or 650-391-1735 1101 Tilton Ave is a stunning 12-unit apartment community located in the thriving city of San Mateo, California. Situated on a 8,562 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 7,756 square feet, offering its tenants beautifully designed one-bedroom floor plans. San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. 1101 Tilton Ave is within one mile to San Mateo Central Park and Downtown San Mateo, featuring a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. These transportation hubs provide tenants and residents with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others. The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 1101 Tilton Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$5,180,000 USD

PRICE/SF

$872 USD /SF

# OF UNITS

12

PRICE/UNIT

$431,667

CAP RATE

4.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R3

APN/PARCEL ID

033-121-070

ASK ABOUT THIS PROPERTY

Cole SimpsonMarcus & MillichapMore Info
650-888-7696

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Cole SimpsonMarcus & MillichapMore Info
650-888-7696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.