This rare investment opportunity offers a turnkey, updated and well-maintained multifamily complex situated west of El Camino Real on the highly desirable San Francisco Peninsula. Located at the corner of 28th Avenue and Flores Street in San Mateo, California, this fully occupied investment property is only a few blocks from the newly remodeled Hillsdale Shopping Center and Peninsula Caltrain station. In addition, due to the restructuring of the Bay Meadows site, many top employers have moved in and are now within walking distance of subject property, such as Guidewire, SurveyMonkey, and Upstart. This location is hard to beat with countless nearby dining, entertainment and shopping opportunities along with access to public transportation, as well as being only a 15-minute drive to the San Francisco international Airport. This 12-unit apartment complex was built in 1957 and has not been marketed for sale for 30 years.
MLS #
ML81920015
MLS Source
MLSListings, Inc.
Days on Site
211
Buyer's Brokerage Compensation*
2.25
Flooring
Hardwood
Cooling
None
Heating
Wall Furnace
Roof
Tar/Gravel
Foundation
Concrete Perimeter and Slab
Garage/Parking
Common Parking Area, Covered Parking, On Street, Garage: 0 Car(s)
Elementary District
San Mateo-Foster City Elementary
High School District
San Mateo Union High
Sewer
Public Sewer
Water
Public
Complex Amenities
Additional Storage
Zoning
R4
65 28th Ave is a Residential Income in San Mateo, CA 94403. This 13,559 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,000,000 and was built in 1961.
This address can also be written as 65 28th Ave, San Mateo, CA 94403.©2023 MLSListings Inc. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of June 26, 2023. For the most current information, please contact Russ Panowicz, (650) 302-4249