1504 S Claremont St - Apartments FOR SALE


San Mateo, CA 94402
$3,658,000 USD
650-492-0934
1504 S Claremont St, San Mateo, CA for Sale
$3,658,000 USD
Apartments - FOR SALE
1/10
null | 3.59% Cap Rate

1504 S Claremont St
San Mateo, CA 94402


HIGHLIGHTS

  • Investors have the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in the Bay Area.
  • Tenants are within walking distance to Downtown San Mateo (1 mi) featuring a myriad of diverse retail shops, dining and entertainment options.
  • The subject property provides convenient access to the major transportation corridors of US. Route 101, CA State Route 92 & San Mateo Caltrain.
  • Throughout the Bay Area and Silicon Valley, there are many renowned employers including 38 Fortune 500 companies.

OVERVIEW

1504 S Claremont St is an exceptional 8-unit apartment community located in the thriving city of San Mateo, California. Situated on a 10,620 square foot parcel of land, the subject property was originally constructed in 1959 and has a gross building area of approximately 5,911 square feet, offering its tenants 100% beautifully designed one-bedroom floor plans. 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 many street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. 1504 S Claremont St is within walking distance to Downtown San Mateo(1mi), featuring a myriad of diverse retail shops, dining and entertainment options. The subject property is also located within close proximity to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station. These transportation hubs provide tenants and residents 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, 1504 S Claremont 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

$3,658,000 USD

PRICE/SF

$619 USD /SF

# OF UNITS

8

PRICE/UNIT

$457,250

CAP RATE

3.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1504 South Claremont

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,620 SF

ZONING

R4

APN/PARCEL ID

035-071-020

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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