148 N Fremont St - Multi-Family FOR SALE


San Mateo, CA 94401
$1,648,000 USD
510-304-8077
148 N Fremont St, San Mateo, CA for Sale
$1,648,000 USD
Multi-Family - FOR SALE
1/11
null | 1.49% Cap Rate

148 N Fremont St
San Mateo, CA 94401


HIGHLIGHTS

  • Investors have the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in the Bay Area.
  • Residents are walking distance to Downtown San Mateo and are within close proximity to Downtown Burlingame.
  • The subject property has undergone extensive capital improvements including modern renovations of select units.
  • Throughout the Bay Area and Silicon Valley, there are many renown employers including 38 Fortune 500 companies.
  • Recognizable names include Google, Meta (Facebook), Netflix, Apple, Salesforce, Wells Fargo, Microsoft, Cisco, Box Inc., Visa, Sony and many others.

OVERVIEW

148-150 N Fremont St is an exceptional duplex investment opportunity located in the thriving city of San Mateo, California. Situated on a 6,002 square foot parcel of land, the subject property was originally constructed in 1979 and has a gross building area of approximately 3,403 square feet, offering tenants beautifully designed two-bedroom floor plans. The subject property has undergone major capital improvements including modern renovations in one of the two units. San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the numerous street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. 148-150 N Fremont St is walking distance to Downtown San Mateo and is within close proximity to Downtown Burlingame, both home to a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. These transportation hubs provide tenants with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others. The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 148-150 N Fremont St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$1,648,000 USD

PRICE/SF

$484 USD /SF

# OF UNITS

2

PRICE/UNIT

$824,000

CAP RATE

1.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,002 SF

ZONING

-

APN/PARCEL ID

033-142-220

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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