711 Highland Ave - Apartments FOR SALE


San Mateo, CA 94401- North Central
$2,500,000 USD
408-250-3442
711 Highland Ave, San Mateo, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

711 Highland Ave
San Mateo, CA 94401
North Central


HIGHLIGHTS

  • Pride of Ownership: First time on the market in 50+ years.
  • Front Building: Two massive ±1,770 sq. ft. townhome-style units with dedicated living room, dining room, breakfast nook, and laundry area.
  • Rear Building: Two spacious ±1,000 sq. ft. flat-style units with ground floor unit access to private backyard and upper unit access to large balcony.
  • Fully Equipped Units: All units are outfitted with a full suite of kitchen appliances (refrigerator, disposal, oven/range) and individual in-unit W&D.
  • Desirably situated on Highland Avenue on the border of San Mateo and Burlingame, commanding premium rents from the region's elite professional tenants
  • Located minutes from both the San Mateo and Burlingame Downtowns & Caltrain stations.

OVERVIEW

An extraordinary find in the heart of the Peninsula, this large, meticulously configured fourplex located at 711-717 Highland Avenue presents a rare combination of immediate cash-flow and long-term appreciation. Situated across two independent buildings on a single parcel, the property balances structural versatility with extensive tenant appeal. The front building consists of two massive 2 bedroom 1.5 bathroom townhome style units spanning approximately 1,770 square feet each. These two-story spaces are designed for premium living, featuring an expansive first floor with a spacious living room, formal dining room, private breakfast nook, kitchen, laundry area, and a convenient half-bathroom, while the upper level hosts two bright bedrooms, a bonus room and a full bath. The rear building houses two flat-style 2 bedroom 1 bathroom units measuring a generous 1,000 square feet each. The ground-floor flat enjoys direct access to a private backyard space, while the upper unit benefits from an expansive balcony. Each unit is fully equipped with washer and dryer, refrigerator, range/oven, garbage disposal as well as four dedicated carports. Perfect for owner occupied and multifamily operators looking to capture top-tier Bay Area rents.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

4

PRICE/UNIT

$625,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,967 SF

ZONING

CM

APN/PARCEL ID

032-142-060

ASK ABOUT THIS PROPERTY

Michael HechtIntero Real Estate ServicesMore Info
408-250-3442

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Michael HechtIntero Real Estate ServicesMore Info
408-250-3442

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