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    429 Studio Circle

    San Mateo, CA 94401
    • $3,900,000
    • STATUS: Active
    • ON SITE: 116 days
    • ID#: ML81825919
    $3,900,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    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.

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    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-05-11T23:42:33.317.

    www.stevebhalla.com/homes/113309960
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    429 Studio Circle San Mateo, CA 94401

    • Price: $3,900,000
    • Status: Active
    • ID#: ML81825919
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1962
    Built
    Neighborhood:
    All Other Counties/States
    County:
    San Mateo
    Area:
    All Other Counties/States
    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.
    Exterior Features

    Parking Description Attached Garage Parking Spaces Total 0 Roof Composition Shingles

    Interior Features

    All Units Have Refrigerator Bedrooms Unit1 2 Bedrooms Unit2 1 Cooling None Flooring Hardwood FloorsLaminate Heating Gas

    Property Features

    Annual Gross Sched Income 214500 Annual Taxes 53983 Annual Utility Expense 7800 Building Type Other Hoa YN No Net Operating Income 130675 Operating Expenses InsuranceTrash RemovalWater Rent Unit1 3075 Rent Unit2 1900 Tenant Pays ElectricGas Tot Bldg Sq Ft 6358 Water Sewer Sewer System - PublicWater - Public Zoning R3

    Listing courtesy of Steve Zirelli of Cornish & Carey Commercial.


    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-05-11T23:42:33.317.

     
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