710 Laurel AVE Active

San Mateo,CA 94401

$ 14950000

- Bed

0 Bath

21345 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 21,345 sqft

Price per Sqft $700

MLS Listing ID ML81948828

Year Built 1959

Annual Tax Amount $168,756

Lot Size 0.530 Acres

Property Description

Located at 710 Laurel Ave in Downtown San Mateo, Park Laurel Apartments, constructed in 1959, features a 21,345 sq ft gross buildable area with renovated studios, one-bedroom, and two-bedroom units. On market for the second time ever, the subject property shares a border with Central Park, offering scenic views of the Japanese Garden. Investors have the opportunity to acquire an extensively renovated asset bordering Central Park in one of the most desirable and sought after neighborhoods in San Mateo County. 18/26 or 69% of the units are complete with in-unit washer/dryers, stainless steel appliances, gas stoves, recessed lighting and updated flooring. Earthquake seismic retrofit complete in 2015. The remaining units provide a new owner the opportunity to increase the revenue even further. 3D tours + additional photos are available by request. One vacancy available for tours by appointment only.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R6-D

Interior

Heating Wall Furnace

Exterior

Roof Type Tar/Gravel

Building

Water Other

Schools

School District Other

Others

Special Listing Condition Standard

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