17-25 Devonshire Blvd - Apartments FOR SALE


San Carlos, CA 94070
$4,950,000 USD
626-483-5136
17-25 Devonshire Blvd, San Carlos, CA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/30
null | 4.57% Cap Rate

17-25 Devonshire Blvd
San Carlos, CA 94070


HIGHLIGHTS

  • Unit Mix of (1) 3 Bed 2.5 Bath (4) 2 Bed 2 Bath (1) 2 Bed 1 Bath (1) Jr 1 Bed 1 Bath (3) Studio.
  • SB 721 Inspection complete.
  • Two separate buildings.
  • Private balconies in most units.
  • Select units have been completely renovated.

OVERVIEW

The R&Z Group of Compass Commercial is proud to present 17–25 Devonshire Blvd San Carlos CA 94070 —an exceptional multifamily investment opportunity in the heart of San Mateo County. This unique property consists of two separate buildings situated on a single 0.36-acre parcel, collectively comprising ten units. The diverse unit mix includes a 3-bedroom, 2.5-bath unit; four 2-bedroom, 2-bath units; one 2-bedroom, 1-bath unit; a junior 1-bedroom, 1-bath unit; and three studio apartments—offering strong rental versatility and tenant appeal. Units 17-1 and 25-1 have been fully renovated with modern finishes, including new flooring, stainless steel appliances, upgraded kitchen cabinets and countertops, recessed lighting, remodeled bathrooms, in-unit washer/dryers, and dishwashers. Additional units have received partial updates such as refreshed flooring, updated cabinetry, and new appliances. An on-site laundry room is available for tenants in units without in-unit washers and dryers. The property offers approximately 9,470 square feet of living space and combines comfort with strong income potential. Tenants enjoy a tranquil setting with a shared communal deck between the two buildings and private balconies in select units—enhancing the sense of privacy and community. Ideally located just minutes from Downtown San Carlos and its Caltrain Station, the property offers convenient access to Highway 280, Highway 101, and El Camino Real, placing the entire Silicon Valley region within easy reach. Its close proximity to major employment centers in Foster City, Redwood Shores, Palo Alto, and Menlo Park further enhances its investment appeal. This is a rare opportunity to acquire a well-maintained, strategically located asset with immediate cash flow and long-term upside. Contact The R&Z Group of Compass Commercial today to schedule a private showing and secure 17–25 Devonshire Blvd as your next investment.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$523 USD /SF

# OF UNITS

10

PRICE/UNIT

$495,000

CAP RATE

4.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

17-25 Devonshire

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R3, San Carlos

APN/PARCEL ID

049-331-370

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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

Ray RodriguezCompass CommercialMore Info
626-483-5136

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