710 Laurel Avenue

San Mateo, CA 94401

$14,950,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1959

calendar_month Built

Property Description

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.

Listing Information

List Price $14,950,000
Status Active
MLS ML81948828
HOA $0
Type Commercial
Year Built 1959
Lot Size 23,100
Structure Size N/A
DOM 277
Courtesy Of Marcus & Millichap
Listing Agent Jacob Anthony DRE#02059020

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Jacob Anthony, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 1st, 2024 at 4:09 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.