$14,950,000
710 Laurel AVE San Mateo, CA 94401
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$14,950,000
Est. payment /mo
21,345 SqFt
UPDATED:
09/30/2024 06:28 PM
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
HOA Y/N No
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
Fireplace No
Exterior
Carport Spaces 26
Roof Type Tar/Gravel
Building
Water Other
Schools
School District Other
Others
Tax ID 034200060
Special Listing Condition Standard
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Listed by Jacob Anthony • Marcus & Millichap
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