655 N Delaware ST, San Mateo, CA 94401

$4,375,000
11,024
SqFt
Sold Price
$4,375,000
List Price
$4,398,000
Closing Date
Feb 24, 2023
MLS#
ML81917355
Status
SOLD
Property Type
com
Sqft. of Residence
11,024
Lot Size
16,200
Listing Area
Eastern Addition/Downtown Area
Year Built
1980

Property Description

CALL FOR OFFERS BY THURSDAY FEBRUARY 9, 2023 BY 5 PM. This is an add-value opportunity and provides the savvy investor a chance to own this 11-unit apartment building located in the North Central portion of San Mateo near the Burlingame border. The structure consists of a 1980s garden-style two-story, wood-frame building with an exterior combination of stucco and T-11 siding and aluminum frame windows on a concrete foundation, situated on an ±16,200 square foot parcel. The unit mix includes 8 one-bedroom, one-bath units, each approximately 850 square feet, and 3 two-bedroom, one-bath units approximately 1,000 square feet each. The property is configured in a U shape structure and embraces beautiful landscaping, easy access staircases, and welcoming guest parking spaces controlled by an electronic Vehicular entry gate. The property offers carport parking for 11 vehicles, plus open parking for 6 additional vehicles.

Additional Information

Acres
0.37
Age
43
Amenities
None
Building Name
Garden Apartments
Cooling System
None
Energy Features
Other
Floor Covering
Carpet, Laminate, Tile, Vinyl / Linoleum
Foundation
Concrete Slab
Garage Parking
Assigned Spaces, Carport, Common Parking Area, Electric Gate, Gate / Door Opener
Heating System
Gas
Laundry Facilities
Coin Operated, Hookups Only
Living Area
11,024
Lot Description
Grade - Level, Regular
Lot Size
16,200
Neighborhood
Eastern Addition/Downtown Area
Other Rooms
Laundry Room, Storage
Other Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof
Composition
Sewer
Sewer - Public, Sewer in Street
Special Features
None
Style
Other
Unincorporated Yn
Yes
Zoning
R30000

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Gregory Cohn from Coldwell Banker Realty. 650-922-3800

Selling Office: CPIN.

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