Properties

Comm Ri Multi-units 5+ For Sale

8,365 Sqft - 1307 Palos Verdes Drive, SAN MATEO, California 94403

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Property Description

Marcus & Millichap is excited to bring to market an outstanding apartment complex in the San Mateo hills located at 1307 Palos Verdes Drive in San Mateo, California. The subject property was constructed in 1963 and sits on a generous 7,839 square foot lot (per county assessor) and offers a net rentable square footage of 8,365 square feet of living space (per county assessor). 1307 Palos Verdes consists of an excellent unit mix of (4) one-bedroom units and (4) two-bedroom units. Residents benefit from an outside patio/balcony area, dish washers, forced air heating and wall furnaces. Within the last year, three of the units have been substantially upgraded with in-unit washer dryers, new kitchens, bathrooms, designer finishes, expensive hard wood flooring, and high end appliances.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81864920
Price : $3,988,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 8,365 Sqft
Year Built : 1963
Lot Area : 0.20 Sqft
Features
Heating System : Wall Furnace
Roof : Tar And Gravel, Other
Address Map
Country : US
State : CA
County : San Mateo
City : SAN MATEO
Zipcode : 94403
Street : Palos Verdes Drive
Street Number : 1307
Floor Number : 0
Longitude : W123° 40' 22.7''
Latitude : N37° 31' 52.2''
MLS Addon
Office Name : Marcus & Millichap
Building Type : Other
Area : Laurelwood Etc
Address : 1307 Palos Verdes Drive
Cross Street : Glendora Drive
LA1User Code : MLL5073942
LA1Agent First Name : Jimmy
LA1Agent Last Name : Castellanos
Status Category : Pending
Tot # Parking Spaces : 0
Tot # of Units : 8
Zoning : R3
List $/SqFt : $0
Age : 58
Apx Lot Sq Ft : 8,750 Sqft
Type of Building : Apt Complex
Annual Taxes : $44,630
Total Deposits : $0
DISABLED FEATURES : Other
ON-SITE PARKING DESC : Spaces - Assigned
OPERATING EXPENSES : Insurance, Vacancy Factor
TENANT PAYS : Electric, Other
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 3.08
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,988,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 206675
Net Oper Income : 122942
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 12000
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 19.30
List Agent DRE Num. : 02024152
Filtered Address : 1307 Palos Verdes DR
LA1Agent License ID : 02024152
LA1Old Agent ID : 338445
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 041-265-020
Showing : Appointment Only
LO1Main Office ID : 74903
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3988000
Address Search Number : 1307
Listing Agent : 295744
Listing Office : 74903
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 13
Input Date : 30/09/2021 21:13:53
Update Date : 02/11/2021 01:12:42
PhotoTimestamp : 02/11/2021 01:11:19
First Photo Add Timestamp :
List Date : 30/09/2021
Expire Date :
Pending Date : 01/11/2021
Closing Date : 24/12/2021
Status Date : 01/11/2021
Price Date :
Off Market Date : 01/11/2021
Status : Pending
Dual Variable : No
HOA : No
City Transfer Tax : Yes
Off Market Status Date :
LVT Date :
DOMLS : 32
Cumulative DOMLS : 32
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 990
Unit # 1 Rent: 1630
Unit # 2 # of Bedrooms: 2
Unit # 2 Approx. SqFt: 1100
Unit # 2 Rent: 1844
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81864920
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 8,365 Sqft
$3,988,000
Agent info
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