501 South Fremont Street
501 South Fremont Street
$3,880,000
—
6,970
6,970
$557
Description
Rarely Available Opportunity to Acquire 6 Spacious, Easy-To-Manage 2-Bedroom/1-Bath Units Near Downtown San Mateo. Conveniently-Located Asset Near Downtown San Mateo. Very Easy Access From Highway 101. Desirable Rental Location on 2 Quiet Treelined Streets (S. Fremont and E. 5th Ave). All 2 Bedroom/1 Bath Units (887 SF Each). Walk to San Mateo Cal-Train & Downtown San Mateo. Updated Units w/ Excellent Floorplan. Potential to Add 2 to 3 ADUs. Supply-Constrained. Very Few Small to Midsized Apartments...Rarely Available Opportunity to Acquire 6 Spacious, Easy-To-Manage 2-Bedroom/1-Bath Units Near Downtown San Mateo. Conveniently-Located Asset Near Downtown San Mateo. Very Easy Access From Highway 101. Desirable Rental Location on 2 Quiet Treelined Streets (S. Fremont and E. 5th Ave). All 2 Bedroom/1 Bath Units (887 SF Each). Walk to San Mateo Cal-Train & Downtown San Mateo. Updated Units w/ Excellent Floorplan. Potential to Add 2 to 3 ADUs. Supply-Constrained. Very Few Small to Midsized Apartments Nearby. Mixed in w/ Single Family Homes. Renovated Apartment Units: All Units Equipped With Dishwasher, Plus Potential to Add In-Unit Washer & Dryers to Boost Rents and NOI. Capital Improvements: Updated Plumbing and Electrical, Dual-Pane Windows, New Water Heaters, New Exterior Painting, New Drought-Resistant Landscaping. Proven, Consistent Income-Generator, Providing Strong Cashflow with Very Low Vacancies and Turnovers. Low Operating Costs. Easy Access to Major Technology Employers in the Mid-Peninsula: Visa, Genentech, EA, Meta, Google, Stanford, etc. Easy Access to El Camino Real, Highway 101, 280. Walkscore: 92. Bike Score: 84. Current CAP Rate: 3.45% / Current GRM: 17.4. Pro-Forma CAP Rate: 4.13% / Pro-Forma GRM: 15.5. Cost Per SF: $556.7/SF.
- Listed by Don Sung • DRE #01935797 • Brokerage DRE #00490878 • Colliers Parrish International • 650-380-5188
Property Details for 501 South Fremont Street
MLS City Name
SAN MATEO
Building TypeOther
Garage Spaces6
Parking Spaces2
Cross StreetE. 5th Ave
Location
LISTING UPDATED: 05/10/2024 03:05 PM
Property Details for 501 South Fremont Street
Status | Active |
---|---|
MLS # | ML81965208 |
Days on Compass | 22 |
Taxes | $50,786 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1964 |
Lot Size | 0.20 AC / 8,890 SF |
County | San Mateo County |
Location
Building Information for 501 South Fremont Street
Stories-Residences-Year Built1964Building Size-Lot Size0.20 AC / 8,890 SF
Payment Calculator
$25,407 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 501 South Fremont Street
Property History for 501 South Fremont Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 501 South Fremont Street
Taxable ValueLand$1,386,215Additions$1,623,027Total$3,009,242
Tax Record2023$40,957 ($3,413 / month)
Home Facts
Baths6Total Finished SqFt6,970 SqFtAbove Grade Finished SqFt6,970 SqFtStories2Lot Size8,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountySAN MATEOAPN033-293-320
Schools near 501 South Fremont Street
This home is within San Mateo Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Sunnybrae Elementary School PublicK to 5 | ||
Borel Middle School Public6 to 8 | ||
Aragon High School Public9 to 12 | ||
North Shoreview Montessori Elementary School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.