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Key Details
Sold Price $4,305,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81967000
Year Built 2018
Annual Tax Amount $52,530
Lot Size 7,562 Sqft
Property Description
Brand New (2019) Six Unit Building Consists of (4) 2 Bedroom 2.5 Baths and (1) Penthouse 4 Bedroom and 3.5 Bathroom, and (1) additional studio with full bath, which is currently rented out and used as an office for the owner. All units have washer & dryer as well as balconies for every single bedroom and living room and an additional large wrap-around balcony on the 2nd floor. The units also have electric fireplaces and electric tankless water heaters. There is an Elevator in the Entrance Lobby. The property also consists of 10 grade-level secured parking spaces with additional storage in the garage for each unit Parking Spaces. Only 1 Mile to Genetec and only minutes to SF and SFO Airport. There are endless opportunities for this amazing property. The current operations of the property consist of AirBnB rentals for each unit. The building could also be rented to long-term market-rate renters or even converted to condos and sold individually. Lastly, because of its close proximity to Oyster Point and the Bio-Tech hub of the Bay Area, there could be a great opportunity to implement corporate rentals and/or furnished living, the possibilities are endless. This is a pride of ownership generational asset that rarely comes available.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Z
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Flat
Schools
School District South San Francisco Unified
Others
Special Listing Condition Standard
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Bought with Mouna Kayed • Compass
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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