San Bruno, CA 94066,168 Santa Clara AVE
San Bruno, CA 94066,168 Santa Clara AVE
San Bruno, CA 94066,168 Santa Clara AVE
San Bruno, CA 94066,168 Santa Clara AVE
San Bruno, CA 94066,168 Santa Clara AVE
San Bruno, CA 94066,168 Santa Clara AVE
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$2,750,000

$2,695,000

2.0%
Est.Price: ?

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Est. payment /mo

8,755 Sqft Lot


SOLD DATE : 07/23/2024

Key Details

Sold Price $2,750,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81964840

Sold Date 07/23/24

HOA Y/N No

Year Built 1972

Annual Tax Amount $29,537

Lot Size 8,755 Sqft

Property Description

INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the opportunity to acquire 168 Santa Clara Ave, a 8-unit multifamily property located in the heart of San Bruno. The property presents a rare opportunity for an investor to enter the Peninsula market with a strong cash flow day one. 168 Santa Clar Ave was constructed in 1972 and consists of two wood frame, three story structures that are clad with stucco and T1-11 siding. The unit mix has (8) 1-bedroom/1 bathroom loft apartments that are about 800 sq ft each. The property consists of two buildings sitting on a 0.20 acre (or 8,755 sq ft) lot. The subject property also contains three non-conforming units that a savvy investor can turn into livable space, buyer to perform their own investigation into the legalization process. Two of the non-conforming spaces are located at the rear of each building with natural light and a designated bathroom, each space is approximately 600 sq ft. The subject property has 8 tuck-under parking stalls and 2 additional covered spaces providing on-site parking for 10 vehicles. The subject property has a shared common laundry room that provides additional income.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R30000

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 10

Roof Type Shingle

Total Parking Spaces 10

Building

Water Public

Schools

School District Other

Others

Tax ID 021186210

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Philip Batlin • Marcus & Millichap
Bought with Zaheer Siddiqui
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24251 Town Center Dr Suite 201, Valencia, California, 91355, United States

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