1340 Palos Verdes Dr, San Mateo, California 94403
Size: 5 Units
Price: $2,775,000

Marcus & Millichap is pleased to offer for purchase the five-unit apartment complex located at 1340 Palos Verdes Drive in San Mateo, CA. The subject property was constructed in 1972 and sits upon a 7,839 square foot lot, offering 7,052 square feet of living space. 1340 Palos Verdes boasts two (2) one-bed units, two (2) two-bed units, and one (1) three-bed unit. Each of the units offer tenants an outside patio/balcony area, dish washers and forced air furnaces. Current ownership has meticulously maintained the property throughout the years, and a new investor could not ask for a more premium location. This pride of ownership property sits in the Laurelwood area, tucked directly between the Sugarloaf neighborhood and Western Hills of San Mateo. From this point, schools, jobs, retail & restaurants are within walking distance or a short drive.

Tenants at 1340 Palos Verdes Drive benefit from immediate walking proximity to the retail and restaurants at Laurelwood Shopping Center which include: Piazza's grocery, Rite Aid, Round Table, Jamba Juice, Snap Fitness, Shell, Bank of America, UPS & more. The asset also sits within a 10 minute or less drive from: College of San Mateo, San Mateo City Hall, San Mateo Medical Center, Hillsdale Shopping Center & Downtown San Mateo. San Mateo is centrally located along the Peninsula and offers commuters quick and easy access to Highway 101, State Route 92 (San Mateo Bridge) and Highway 280; all of which provide access to the major employment centers in San Francisco, Silicon Valley and East Bay.