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$9,450,000
ML82050464 MLS Knights Inn Apartments BLDG.
Knights Inn Apartments, located at 100-106 N. Bayshore Boulevard in San Mateo, presents a rare 38-unit multifamily investment opportunity in San Mateo. The property offers a unit mix of thirty-four (34) studios (~381 sqft) and four (4) 1-Bedroom/1-Bath units (~570 sqft). Constructed in 1960 and situated on a 24,944 sqft lot, with approximately 24,592 sqft of gross building area across two (2) buildings. SB-721 COMPLIANT, BALCONY REBUILD COMPLETED, eliminating a significant capital expenditure obligation and providing investors with a clean compliance profile at close. The property further features a secured fenced-in pool, on-site coin-operated laundry, and 36 covered carports + 4 uncovered assigned spaces. Gas and electric utilities are master metered for each building, presenting a direct value-add opportunity through implementation of a Ratio Utility Billing System (RUBS), a strategy not currently utilized under existing ownership. The pro forma reflects an estimated $45,600 in additional RUBS income upon implementation.Current rents averaging approximately $1,610/month for studios and $2,085/month for 1-Bed/1-Bath units reflect meaningful upside to market rents of $2,100 and $2,395 respectively, as validated by the nearby Country Club Apartments at 420 N. Bayshore Boulevard.

100-106 N Bayshore BLVD, San Mateo

Listing courtesy of Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass

$1,249,000
3 Beds 2 Baths ML82044128 MLS Classics at Midtown Place BLDG.
Location, Location, Location! Nearly perfect walking score! A rare opportunity to have both newer construction AND a mature established neighborhood walkable to Downtown San Mateo! Located at the rear of the community at Midtown Place in San Mateo, this corner model contemporary townhome offers the utmost in privacy and tranquility. Enjoy a graciously sized gated landscaped patio as you enter into the open concept floor plan with living area, dining and kitchen perfectly arranged for entertaining as well as everyday living. The kitchen offers high quality G.E. Profile appliances including gas range/oven, dishwasher, and microwave, stylish shaker style cabinetry, quartz counter with full tile backsplash. Another gated landscaped patio is accessible from the living area. The second level offers a full bathroom and two bedrooms, one with a walk in closet. The owner's suite and laundry occupy the entire third level. This well sized private suite has plenty of windows, a spa-like bathroom and large walk in closet. All windows include custom Hunter Douglas shades. This home is move-in ready! Enjoy being walking distance to San Mateo Caltrain station, and all that Downtown San Mateo offers, as well as minutes to SFO and everything else on the magnificent San Francisco Peninsula!

174 Tilton AVE, San Mateo

Listing courtesy of Greg Peralta, 408-386-2556 from Coldwell Banker Realty
(If provided) CoList: from

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