220 N San Mateo Dr
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220 N San Mateo Dr
8 Unit Block of Flats £4,108,052 (£513,506/Unit) 1.40% Net Initial Yield San Mateo, CA 94401
Investment Highlights
- 18700 SF Lot
- Easy Commute Access to 101 and 280 Highways, Cal Train + Bart
- 5 minutes from Downtown Burlingame & Downtown San Mateo
Executive Summary
220 North San Mateo Drive presents a fantastic development opportunity. The
investment appeal of this asset is driven by the nearly 19,000 SF lot size, San Mateo's
strong employment fundamentals and low vacancy levels, as well as proximity to both
Downtown San Mateo and Downtown Burlingame, popular areas featuring many
retail, restaurant, and entertainment options. 220 North San Mateo Drive is close to
several transportation corridors, including U.S. Route 101, California State Route 92,
and the San Mateo Caltrain Station. The current building consists of 8 separate units,
4 well-appointed studios, and 4 spacious 1 bedroom - 1 bath apartments. Each unit
has garage parking for one vehicle.
investment appeal of this asset is driven by the nearly 19,000 SF lot size, San Mateo's
strong employment fundamentals and low vacancy levels, as well as proximity to both
Downtown San Mateo and Downtown Burlingame, popular areas featuring many
retail, restaurant, and entertainment options. 220 North San Mateo Drive is close to
several transportation corridors, including U.S. Route 101, California State Route 92,
and the San Mateo Caltrain Station. The current building consists of 8 separate units,
4 well-appointed studios, and 4 spacious 1 bedroom - 1 bath apartments. Each unit
has garage parking for one vehicle.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £4,108,052 | Apartment Style | Low Rise |
| Price Per Unit | £513,506 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Net Initial Yield | 1.40% | Building Size | 4,310 SF |
| Gross Rent Multiplier | 31.79 | Number of Floors | 2 |
| No. Units | 8 | Year Built | 1938 |
| Property Type | Residential | Parking Ratio | 1.85/1,000 SF |
| Property Subtype | Apartment |
| Price | £4,108,052 |
| Price Per Unit | £513,506 |
| Sale Type | Investment |
| Net Initial Yield | 1.40% |
| Gross Rent Multiplier | 31.79 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 4,310 SF |
| Number of Floors | 2 |
| Year Built | 1938 |
| Parking Ratio | 1.85/1,000 SF |
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 032-198-240 | Total Assessment | £3,707,944 (2023) |
| Land Assessment | £1,977,570 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £1,730,374 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
032-198-240
Land Assessment
£1,977,570 (2023)
Improvements Assessment
£1,730,374 (2023)
Total Assessment
£3,707,944 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | M-F R |
| M-F R |
-
Brett Barron -
Capital Realty Group
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220 N San Mateo Dr
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