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    333 Catalpa Street

    San Mateo, CA 94401
    • $4,695,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 421528609
    Price Reduced
    UPDATED: 50 min ago
    $4,695,000
    • 1
      BEDS
    • 0.25
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 9,378
      SQFT
    • $501
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    333 Catalpa Street is a rare opportunity to acquire a turnkey, updated and well-maintained multifamily property located in Downtown San Mateo on the highly desirable San Francisco Peninsula. The ten (10) unit apartment building, consisting of all one-bedroom-one-bathroom units. The property features ten (10) covered parking spaces, fourteen (14) private storage lockers, and a laundry facility featuring Two (2) coin-operated washers & dryers. The property has a strong historical occupancy with many great long-term Tenants (10-15+ years). Since the beginning of the COVID-19 pandemic, the property has received 100% rent collections, and has had zero vacancies. The current ownership has been invested significant capital into the proper-ty over the last 2-3 years which has proven successful based on their ability to increase rents on 100% of the units while retaining long-term tenants. 333 Catalpa is located just a 2-minute walk to the San Mateo Caltrain station in Downtown San Mateo.

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    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomShip | W Real Estate. Data last updated: 2021-05-11T08:56:25.12.
    www.homship.com/homes/115122860
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    333 Catalpa Street San Mateo, CA 94401

    • Price: $4,695,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 421528609
    1
    Beds
    1
    Baths
    0
    ½ Baths
    0.25
    Acres
    9,378
    SQFT
    $501
    $/SQFT
    1963
    Built
    Neighborhood:
    San Mateo
    County:
    San Mateo
    Area:
    San Mateo
    Property Description
    333 Catalpa Street is a rare opportunity to acquire a turnkey, updated and well-maintained multifamily property located in Downtown San Mateo on the highly desirable San Francisco Peninsula. The ten (10) unit apartment building, consisting of all one-bedroom-one-bathroom units. The property features ten (10) covered parking spaces, fourteen (14) private storage lockers, and a laundry facility featuring Two (2) coin-operated washers & dryers. The property has a strong historical occupancy with many great long-term Tenants (10-15+ years). Since the beginning of the COVID-19 pandemic, the property has received 100% rent collections, and has had zero vacancies. The current ownership has been invested significant capital into the proper-ty over the last 2-3 years which has proven successful based on their ability to increase rents on 100% of the units while retaining long-term tenants. 333 Catalpa is located just a 2-minute walk to the San Mateo Caltrain station in Downtown San Mateo.
    Exterior Features

    Carport Spaces 12 Covered Spaces 12 Foundation Details Concreteperimeter Independent Parking Spaces 0 Lot Features Landscape FrontCul-De-Sac Open Parking Spaces 0 Parking Features Covered Parking Total 18 Roof Tar/Gravel Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 10 2 Bedroom Units Total 0 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances Free Standing RefrigeratorDisposalBuilt-In Gas OvenBuilt-In Electric Oven Commercial Units Total 0 Flooring WoodSimulated Wood Heating Central Laundry Features Washer/Dryer LeasedIn Common AreaCoin Operated Studio Units Total 0

    Property Features

    Accessibility Features 0 Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 297132 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters GasElectricity Sewer Public Sewer Special Listing Conditions None Subtype Description Apartments Tenant Pays GasElectricity Water Source Public

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Marshall P Ward of Marcus & Millichap.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomShip | W Real Estate. Data last updated: 2021-05-11T08:56:25.12.
     
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