Address
429 Studio CIR San Mateo, CA
Price
$ 3,900,000
Property Attributes
  • MLS#ML81825919
  • TypeMulti-Family
  • CountySAN MATEO
  • CitySan Mateo
  • AreaEastern Addition-Downtown Area
  • Zip94401
  • Style
  • Price$ 3,900,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6358
  • Lot Size7,562 SqFt
Listing Provided Courtesy Of:
Steve Zirelli with Cornish & Carey Commercial.
Data Source:
MLS Listings
Property Description

429 Studio Circle offers an investor the opportunity to acquire a fully renovated apartment property with extensive interior and exterior renovations. Studio Circle sits on a 7,564 SF lot with 6,358 SF of rentable space. The building consists of (2) two bedroom/ one bath units & (5) one bedroom/ one bath units. All units benefit from significant interior upgrades including: In-Unit Washers & Dryers, Updated Kitchens w/ new counters, cabinets, modern backsplash & appliances, renovated Baths, New LVT flooring and interior paint. Tenants enjoy private yards or balconies, extra storage space and carport parking (2 garage spaces). The property also benefits from a brand new roof and dual pane windows throughout. The current owners have spent significant capital and have achieved top of the market rents allowing a new landlord to acquire a true turnkey investment. The building is equidistant to downtown Burlingame & San Mateo & .7 miles from Washington Park and Bgame Cal Train Station.

Price History
1/15/2021 Listed $3,900,000

General Features

# of Buildings 1
Accessibility Parking
Age 59
Amenities Misc. Other
City SAN MATEO
Co-Listing Agent Last Name Matthew
Co-Listing Agent Last Name Thomson
Co-Listing Agent State License # 01471708
Cooling None
County San Mateo
Flooring Hardwood, Laminate
Heating Gas
Listing Agent State License 01929245
MLS Area Eastern Addition/Downtown Area
Parking Features Attached Garage, Carport, Off-Street Parking
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition, Shingle
Security Features None
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters, Individual Gas Meters
Water Public
Year Built 1962
Zoning Text R3

Interior Features

Laundry Features Washer / Dryer
Living Sqft 6358
Unit 1 Rent 3075
Unit 2 Number Of Bedrooms 1

Exterior Features

Building Area Total 6358
Foundation Details Concrete Perimeter and Slab
Lot Acres 0.1736
Lot Size Area 7564.00
Lot Size Units Square Feet
Maximum Lot Size 7564.00
Meters Master Water, Separate Electric, Separate Gas
Number of Garage Spaces 2
Sewer/Septic Sewer - Public
Yard/grounds Back Yard, Balcony / Patio

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94401

Price
AVG $3.9M
$3.9M
Visits
AVG 41
40
Year Built
AVG 1962
1962
Walkscore
AVG 80
80
Data Provided by Walkscore ® not using MLS data

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