Listed By:
Jacob Anthony with Marcus & Millichap - 650-787-6707
Address
710 Laurel AVE, San Mateo, CA
Price
$ 14,950,000
Property Attributes
  • MLS#ML81948828
  • TypeMulti-Family
  • CountySAN MATEO
  • CitySan Mateo
  • AreaHayward Park
  • Zip94401
  • Style
  • Price$ 14,950,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21345
  • Lot Size0.5303 Acres
Data Source:
MLSListings Inc.
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.

Price History
11/30/2023 Listed $14,950,000

General Features

Heating Wall Furnace
Cooling Ceiling Fan
Utilities Individual Electric Meters,Individual Gas Meters
Roof Tar and Gravel
Water Other
# of Buildings 1
Pool Features Pool - In Ground
Security Features Fire Alarm,Secured Garage / Parking,Security Fence,Video / Audio System
Restrictions Pets - Restrictions
Construction Materials Wood Frame
Additional Rooms Storage
Year Built 1959
View Downtown,Garden / Greenbelt,Park
Age 64
Property SubType Five or More Units
Complex Name Text Park Laurel Apartments
City Limits (Y/N) Yes
Zoning Text R6-D
Amenities Misc. Security Gate,Skylight,Video / Audio System,Walk-in Closet,Other
Accessibility None
County San Mateo
Property Type Commercial Multi-Residential (5+ units)
Association Amenities Additional Storage,BBQ Area,Community Pool,Community Security Gate,Other
Special Listing Conditions Not Applicable
Status Active
City SAN MATEO
MLS Area Hayward Park
Listing Agent State License 02059020
Virtual Tour https://my.matterport.com/show/?m=Eyf8UhYdg3q

Interior Features

Kitchen Dishwasher,Freezer,Ice Maker,Microwave,Oven Range - Gas,Refrigerator
Flooring Laminate,Vinyl / Linoleum
Unit 1 Rent 2600
Unit 2 Approx Square Footage 900
Unit 3 Approx Square Footage 650
Living SqFt 21345
Unit 2 Number of Bedrooms 2
Laundry Features Washer/Dryer - Some Units

Exterior Features

Parking Features Assigned Spaces,Carport
Lot Size Area 23100.00
Maximum Lot Size 23100.00
Sewer/Septic Sewer Connected
Meters Master Water,Separate Electric,Separate Gas
Pool (Y/N) Yes
Foundation Details Concrete Slab
Building Area Total 21345
Lot Acres 0.5303
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94401

Price
AVG $7.17M
$14.95M
Visits
AVG 117
246
Data Provided by Inside Real Estate®
Year Built
AVG 1952
1959

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