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.
ML81948828
Business Opportunities, Other
San Mateo
1959
0.5303
Acres
Other
21,345
Sq. Ft.
Yes
-26
spaces
1 Total
School Information
Other
Interior Features
- Heating
- Other. Wall Furnace.
Exterior / Lot Features
- Parking
- 26 Carport Spaces. 0 Covered Parking Spaces.
- Roof
- Tar Gravel
- Zoning
- R6-D
Financial Considerations
034200060
$168,756
Arrows indicate 90 day trend
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