710 Laurel Avenue, San Mateo, CA 94401
710 Laurel Avenue, San Mateo, CA 94401
710 Laurel Avenue, San Mateo, CA 94401
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Boyenga Transactions

Boyenga Transactions

+1(650) 996-6962
$14,950,000
Est. payment /mo
21,345 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 21,345 sqft

Price per Sqft $700

MLS Listing ID ML82065118

HOA Y/N No

Year Built 1959

Lot Size 0.530 Acres

Property Sub-Type Other

Property Description

MNM Realty Group is pleased to offer 14 tenant-in-common (TIC) positions in Park Laurel Apartments. Together they make up a 64.75% undivided interest in a renovated 26-unit apartment community at 710 Laurel Avenue, bordering Central Park in downtown San Mateo. Individual positions range from 0.70% to 32.00% and may be bought on their own or combined. Each is priced pro rata to a $14,950,000 property valuation ($575,000 per unit). The property has received more than $1.3 million in capital improvements, including a seismic retrofit. Eighteen of the 26 units have been fully renovated with in-unit washer/dryers, new kitchens and modern baths. Amenities include a heated pool, a rare feature in the area, and the property has a Walk Score of 97. It sits about 2 miles from Burlingame Avenue and 10 minutes from SFO. TIC positions offer investors a fractional entry into a supply-constrained Peninsula multifamily asset with remaining value-add upside as market rents continue increasing

Location

State CA

County San Mateo

Zoning R6

Interior

Interior Features Energy Star Lighting

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Laminate

Fireplace No

Window Features Double Pane Windows

Appliance ENERGY STAR Qualified Appliances

Exterior

View Y/N true

View Downtown, Park/Greenbelt

Building

Water Public

New Construction No

Others

Tax ID 034200060


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Bridge MLS
Listed by Jake Anthony • MJA Equity Investments, Inc.

NEARBY SCHOOL & BUSINESS

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Boyenga Transactions

Boyenga Transactions

+1(650) 996-6962

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