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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