2001 Parrott Dr - Multi-Family FOR SALE


San Mateo, CA 94402- Baywood Park
$7,088,000 USD
408-205-2679
2001 Parrott Dr, San Mateo, CA for Sale
$7,088,000 USD
Multi-Family - FOR SALE
1/13
null | 3.28% Cap Rate

2001 Parrott Dr
San Mateo, CA 94402
Baywood Park


HIGHLIGHTS

  • Rare ten-unit apartment building located in the hills of San Mateo, one of the most desirable areas to live on the Peninsula.
  • Large and spacious units averaging over 1,000 sqft each with functional floorplan layouts.
  • Dedicated onsite covered parking for each unit with enclosed garages available for select units.
  • Two impressive townhome units with expansive vaulted ceilings and built in laundry hookups.
  • All second floor units have vaulted ceilings and units have their own outdoor space with either a balcony, large patio or both.
  • Crystal Springs Village Shopping Center located directly across the street. It is anchored by Safeway and CVS and has over 30 retailers and services.

OVERVIEW

Crystal Springs Apartments is a generational multifamily asset, held by the same family for decades after establishing deep roots in San Mateo County more than 90 years ago. Constructed in 1978 by the developer of the adjacent Crystal Springs Village Shopping Center, the property reflects a level of care, intention, and permanence that is increasingly rare. Both in construction and interior character, the residences offer an experience more akin to a single-family home than a conventional rental property. It is 10-units consisting of (2) 2 bed / 2.5-bath townhouses, (5) 2 bed / 2 bath, and (3) 1 bed / 1 bath units. The property is two separate buildings located in a primarily single family residential neighborhood. It is situated on two separate parcels (041-203-010 and 041-203-020) that combine for ~0.35 acres of land. Residents enjoy amenities such as enclosed garage and covered parking, vaulted ceilings in second floor units, fireplace in each unit, and balconies and/or patios. The property's Peninsula location is near the midpoint of San Francisco and the Silicon Valley allowing for easy access to all major Bay Area employment centers. The neighboring multifamily property at 2005 Parrott Dr sold for $769,533 per unit on 2/20/2026.

FOR SALE DETAILS

PRICE

$7,088,000 USD

PRICE/SF

$495 USD /SF

# OF UNITS

10

PRICE/UNIT

$708,800

CAP RATE

3.28%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OPEN HOUSE: 3/13 and 3/18 from Noon to 1 pm

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R30000

APN/PARCEL ID

041-203-010,041-203-020

ASK ABOUT THIS PROPERTY

Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

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Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

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