Description
333 Catalpa Street is a rare opportunity to acquire a turnkey, updated and well-maintained multifamily property located in Downtown San Mateo on the highly desirable San Francisco Peninsula. The ten (10) unit apartment building, consisting of all one-bedroom-one-bathroom units. The property features ten (10) covered parking spaces, fourteen (14) private storage lockers, and a laundry facility featuring Two (2) coin-operated washers & dryers. The property has a strong historical occupancy with many great long-term Tenants (10-15+ years). Since the beginning of the COVID-19 pandemic, the property has received 100% rent collections, and has had zero vacancies. The current ownership has been invested significant capital into the proper-ty over the last 2-3 years which has proven successful based on their ability to increase rents on 100% of the units while retaining long-term tenants. 333 Catalpa is located just a 2-minute walk to the San Mateo Caltrain station in Downtown San Mateo.
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1BEDS
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0.25ACRES
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1BATHS
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01/2 BATHS
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9,378SQFT
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$507$/SQFT
School Ratings & Info
Description
333 Catalpa Street is a rare opportunity to acquire a turnkey, updated and well-maintained multifamily property located in Downtown San Mateo on the highly desirable San Francisco Peninsula. The ten (10) unit apartment building, consisting of all one-bedroom-one-bathroom units. The property features ten (10) covered parking spaces, fourteen (14) private storage lockers, and a laundry facility featuring Two (2) coin-operated washers & dryers. The property has a strong historical occupancy with many great long-term Tenants (10-15+ years). Since the beginning of the COVID-19 pandemic, the property has received 100% rent collections, and has had zero vacancies. The current ownership has been invested significant capital into the proper-ty over the last 2-3 years which has proven successful based on their ability to increase rents on 100% of the units while retaining long-term tenants. 333 Catalpa is located just a 2-minute walk to the San Mateo Caltrain station in Downtown San Mateo.
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