Portfolio of Multi-Family Properties Multi-Family FOR SALE


San Mateo, CA - North Central
$4,833,000 USD
415-875-0177
, San Mateo, CA for Sale
$4,833,000 USD
Multi-Family - FOR SALE
1/3
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Portfolio of Multi-Family Properties
San Mateo, CA
North Central


OVERVIEW

Rare chance to acquire one, two, or all three multifamily properties located on contiguous parcels on Grand Boulevard in San Mateo. 315 (fourplex), 321 (triplex), and 327 (triplex) Grand Blvd (MLS# ML82022562, ML82024252, ML82015184). Available separately or combined. Potential to construct up to 12 ADUs per an ADU consultancy's pre-feasibility study. These properties total 10 units, 6,369 SqFt of building area, and 22,873 SqFt of land. 315 Grand is renovated, has two vacancies, and the potential for 5 ADUs. 321 and 327 Grand are value add opportunities with below market rents and are fully leased. 321 Grand has the potential for 4 ADUs and 327 Grand has the potential for 3 ADUs. Conveniently located near Downtown San Mateo, residents enjoy walkable access to shops, dining, and entertainment, as well as proximity to Caltrain, Highway 101, and Highway 92, providing easy commutes throughout the Peninsula and Silicon Valley. The robust economy, excellent schools, high quality of life, rent growth, and ADU potential make 315, 321, and 327 Grand Blvd. a great opportunity for cash flow, appreciation, and development minded investors.

ASK ABOUT THIS PROPERTY

Hanna John AzarCompass CommercialMore Info
415-875-0177

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Hanna John AzarCompass CommercialMore Info
415-875-0177

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