231 Villa Ter - Apartments FOR SALE


San Mateo, CA 94401- North Central
$4,250,000 USD
408-893-8063
231 Villa Ter, San Mateo, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/11
null | 3.17% Cap Rate

231 Villa Ter
San Mateo, CA 94401
North Central


HIGHLIGHTS

  • 45% of floorplans are spacious two bedroom units with large private patios and/or balconies
  • In-place rents are ~26% below market rents offering investors phenomenal upside
  • Residents can walk and enjoy the countless eating, drinking, and shopping options available to them on Burlingame Ave

OVERVIEW

CBRE, as exclusive listing agent, is pleased to present the first-ever opportunity to own 231 Villa Terrace in San Mateo. The Property was built in 1977 and boasts nine very spacious units, including (5) one-bed, one-bath, (2) two-bed, one-bath, and (2) two-bed, two-bath units. The Property features little to no deferred maintenance as both the interiors and exteriors have been well-maintained over the years. Additionally, the Property features (2) private garage spaces with storage cabinets, (7) tuck under parking spaces, and 4 uncovered spaces. There is also a common laundry room with an owner-owned coin-operated washer and dryer. Reach out to the CBRE Listing Team for the marketing package and additional diligence materials, or to schedule a tour.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

9

PRICE/UNIT

$472,222

CAP RATE

3.17%

% 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

1977

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,826 SF

ZONING

R30000

APN/PARCEL ID

032-151-190

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

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