710 Laurel Avenue, San Mateo

$14,950,000

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0 Bed
0 Bath
.53 Acre
0 Garage

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.

Essential Information

MLS® #
ML81948828
Price
$14,950,000
Bathrooms
0.00
Acres
0.53
Year Built
1959
Type
Commercial Sale
Status
Active

Community Information

Address
710 Laurel Avenue
Area
699 - Not Defined
City
San Mateo
County
San Mateo
Zip Code
94401
Senior Community
N

Interior

Heating
Wall Furnace

Exterior

Roof
Tar/Gravel

School Information

District
Other

Additional Information

Date Listed
November 29th, 2023
Days on Market
158
Zoning
R6-D

Listing Details

Agent
Jacob Anthony
Office
Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 5:50am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.