401 E Poplar Avenue , San Mateo , CA 94401; Multifamily Properties For Sale; A-1 in Alameda County
No. Units: 31
Building Size: 23,026 SF
Lot Size: 0.30 AC
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
No. Stories: 2
Year Built: 1962
The building consists of (16) one bedroom/ one bath units and (15) studios. All units benefit from recent improvements including new carpet, formica counters, double stainless steel sinks & new appliances. The building also has new paint, all new dual pane windows and has recently been upgraded to a secure gated complex . The property has an onsite laundry facility that provides supplemental income. The current owners have meticulously maintained the property and there is immediate upside potential in rents.
401 E. Poplar Avenue is strategically located on the peninsula and is in close proximity to downtown areas of Burlingame and San Mateo, Highways 101, 280 and 92. The property is in a great neighborhood surrounded by multi-million dollar single family residences, other attractive apartment buildings, high end retailers and several major employers.