Trophy A+ location in Downtown San Mateo bordering Central Park, with a walk score of 97, 2 miles from Burlingame Avenue and a 10 minute drive from SFO Airport
Demonstrated potential for increased revenue: Proforma rents are proven in existing rent roll The building has undergone seismic retrofitting to decrease the PML in the event of an earthquake. In addition to the seismic retrofitting, the property features a heated central pool, providing tenants an amenity to enjoy year-round and sets this property apart from others in the area.
The property consists of 26 units, with 69% (18/26) fully renovated including in-unit washer-dryers to provide modern and updated living spaces. These renovated units offer contemporary finishes, such as full size stainless steel appliances, new flooring, and updated bathrooms, making them highly desirable for renters.
The remaining units provide a new owner the opportunity to renovate and increase revenue