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Fine Group Real Estate
710 Laurel AVE, San Mateo, CA 94401
- $14,950,000
- 21,345
- SqFt
Listed by Jake Anthony, 650-787-6707 from MJA Equity Investments, Inc.
(If provided) CoList: Michael J Anthony from MJA Equity Investments, Inc.
- List Price
- $14,950,000
- MLS#
- ML82065118
- Status
- ACTIVE
- Sqft. of Residence
- 21,345
- Lot Size
- 23,087
- Listing Area
- Hayward Park
- Year Built
- 1959
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
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Additional Information
- Amenities
- Skylight
- Building Name
- Park Laurel Apartments
- Cooling System
- None
- Energy Features
- Double Pane Windows, Energy Star Appliances, Energy Star Lighting, Low Flow Shower, Low Flow Toilet, Skylight
- Floor Covering
- Laminate, Vinyl / Linoleum
- Foundation
- Concrete Slab
- Garage Parking
- Assigned Spaces, Covered Parking, Enclosed, Gate / Door Opener
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Washer/Dryer - Some Units
- Living Area
- 21,345
- Lot Size
- 23,087
- Neighborhood
- Hayward Park
- Other Rooms
- Laundry Room, Storage, Other
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Pool Description
- Pool - Heated, Steam Room or Sauna
- Roof
- Flat / Low Pitch
- Sewer
- Sewer in Street
- Unincorporated Yn
- Yes
- View
- Downtown, Park
- Zoning
- R6
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Fine Group Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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