710 Laurel Ave, SAN MATEO, CA

$14,950,000

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21,345

Square feet

0.53

Acres

About 710 Laurel Ave

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.

Features of 710 Laurel Ave

MLS® # ML81948828
Price $14,950,000
Square Footage 21,345
Acres 0.53
Year Built 1959
Type Multi-Residential
Sub-Type Five or More Units
Status Active

Community Information

Address 710 Laurel Ave
Area Hayward Park
City SAN MATEO
County San Mateo
State CA
Zip Code 94401

Amenities

Utilities Individual Electric Meters, Individual Gas Meters
View Park, Downtown, Garden/Greenbelt
Is Waterfront No

Interior

Heating Wall Furnace
Cooling Ceiling Fan
Fireplace No

Exterior

Roof Tar and Gravel Roof
Construction Wood Frame
Foundation Concrete Slab

Additional Information

Zoning R6-D
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJacob Anthony
OfficeMarcus & Millichap
Contact Info650-787-6707

Listing Map

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