Multifamily Property for Sale in San Mateo, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Mateo, CA 94401

Description

1101 Tilton Ave is a stunning 12-unit apartment community located in the thriving city of San Mateo, California. Situated on a 8,562 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 7,756 square feet, offering its tenants 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. 1101 Tilton Ave is within one mile to San Mateo Central Park and Downtown San Mateo, featuring 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 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, 1101 Tilton Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options. Investment Highlights: • 0.5 Miles from Downtown San Mateo Caltrain Station • Parking: Private Garages and Carports • Exceptional Mid-Peninsula Investment Opportunity – Investors have the opportunity to acquire a well- located asset in one of the most dynamic and desirable locations in the Bay Area.

Market Context

This multifamily in San Mateo, CA is listed for sale. It is offered at an approximate 4.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in San Mateo, CA — <a href="/search/sale/multifamily/california/san-mateo">view the full market</a>.

As of Q3 2019, the San Francisco Peninsula multifamily market showed a 4.0% vacancy rate. Source: Colliers Q3 2019 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the San Francisco Peninsula multifamily market tightening or softening?
Vacancy is around 4.0% (Q3 2019).

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