Active

710 Laurel Avenue

San Mateo CA, 94401

$14,950,000


$700.40 per sqft

Active

21,345 sqft

Commercial

Built in 1959

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.

ML81948828

MLS ID

November 29, 2023

Listed

September 19, 2024

Updated

Map

710 Laurel Avenue
San Mateo CA, 94401

Interior Features

Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.53 Acres


Roof

Tar/Gravel

Other Property Details

Area Name

San Mateo


Garage

No


Parking

Assigned


View

Yes


View Description

Downtown, Park


County

San Mateo


Pool

No


Zoning

R6-D

Listed by Jacob Anthony with Marcus & Millichap
Listing Contact: 650-787-6707 

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