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Key Details
Sold Price $2,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,866 sqft
Price per Sqft $310
MLS Listing ID ML81964840
Sold Date 07/23/24
HOA Y/N No
Year Built 1972
Annual Tax Amount $29,537
Lot Size 8,755 Sqft
Property Description
INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the opportunity to acquire 168 Santa Clara Ave, a 8-unit multifamily property located in the heart of San Bruno. The property presents a rare opportunity for an investor to enter the Peninsula market with a strong cash flow day one. 168 Santa Clar Ave was constructed in 1972 and consists of two wood frame, three story structures that are clad with stucco and T1-11 siding. The unit mix has (8) 1-bedroom/1 bathroom loft apartments that are about 800 sq ft each. The property consists of two buildings sitting on a 0.20 acre (or 8,755 sq ft) lot. The subject property also contains three non-conforming units that a savvy investor can turn into livable space, buyer to perform their own investigation into the legalization process. Two of the non-conforming spaces are located at the rear of each building with natural light and a designated bathroom, each space is approximately 600 sq ft. The subject property has 8 tuck-under parking stalls and 2 additional covered spaces providing on-site parking for 10 vehicles. The subject property has a shared common laundry room that provides additional income.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R30000
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 10
Roof Type Shingle
Total Parking Spaces 10
Building
Water Public
Schools
School District Other
Others
Tax ID 021186210
Financing Cash
Special Listing Condition Standard
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Bought with Zaheer Siddiqui
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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605