786 Elm Street

San Carlos, CA 94070

$8,200,000
Last Sold Price
Beds
15,867 Sq. Ft.
$517 / Sq. Ft.
15,867
Sq. Ft.
$517
per Sq. Ft.

Description

RARE Opportunity.... First time EVER on the market! Owners' father built this great apartment complex back in 1963 and it has been very well maintained since then. New roof in June 2017 with a white IB PVC single ply cool roof energy star title 24 compliant system installed by Bill Hamilton Roofing, Inc. at a cost of $69,000 plus another $5,500 for new gutter/downspouts. Solid and stable rental building with tenants here since 2006. Large, open and bright units with a central common courtyard and...RARE Opportunity.... First time EVER on the market! Owners' father built this great apartment complex back in 1963 and it has been very well maintained since then. New roof in June 2017 with a white IB PVC single ply cool roof energy star title 24 compliant system installed by Bill Hamilton Roofing, Inc. at a cost of $69,000 plus another $5,500 for new gutter/downspouts. Solid and stable rental building with tenants here since 2006. Large, open and bright units with a central common courtyard and plenty of carport space in back with extra storage. Separate laundry room with 2 newer sets of washer/dryers. Walking distance to downtown Laurel St, City Center, Dog park, library, Excellent schools, public transportation, and more. Contact Broker for a disclosure package with the most recent financial statements and disclosures. For additional photos and aerial drone footage: https://www.flickr.com/gp/jyl8833/1YzX9W and http://www.786elm.com/
  1. Listed by Jonathan Lee • DRE #01145731 • Brokerage DRE #01145731 • A 2 M Real Estate • 650-619-9255

Property Details for 786 Elm Street

MLS City Name
SAN CARLOS
Building Type
Other
Style
Other
Garage Spaces
0
Parking Spaces
0
View
Other
Cross Street
Olive

Location

Listing Courtesy of A 2 M Real Estate, Jonathan Lee, DRE #01145731

Sold By Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Haili Wu, DRE #02090722

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LISTING UPDATED: 09/26/2021 10:56 AM

Property Details for 786 Elm Street

StatusSold
MLS #ML81852268
Days on Compass4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.45 AC / 19,417 SF
CountySan Mateo County

Location

Listing Courtesy of A 2 M Real Estate, Jonathan Lee, DRE #01145731

Sold By Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Haili Wu, DRE #02090722

Add your commute

Building Information for 786 Elm Street

Stories-Residences-Year Built1963Building Size-Lot Size0.45 AC / 19,417 SF

Payment Calculator

$53,511 per month

30 year fixed, 7.25% Interest

Principal and Interest

$44,751

Property Taxes

$8,760

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 786 Elm Street

Features
External Links
Room Information
  • Additional Rooms: Storage
  • Kitchen: Countertop - Granite, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range, Oven Range - Electric, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 15867
  • Pool: No
  • Security Features: Security Lights
  • Special Features: Parking, Wheelchair Access
Utilities
  • Cooling: Ceiling Fan
  • Heating: Central Forced Air, Central Forced Air - Gas
  • Meters: Separate Common Area
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 18
Garage
  • Garage and Parking: Assigned Spaces, Carport, Lighted Parking Area
Property Details
Homeowners Association
  • HOA Amenities: Additional Storage, Other
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Brick, Masonry
  • Min Num Of Units in Complex: 18
  • Area Text: Howard Park Etc.
  • Restrictions: Pets - Allowed
  • Roof: Rolled Composition, Other
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 786
  • Street Name: Elm
  • Street Suffix: Street
  • Area ID: 353
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 15867
  • Structure SqFt Source: Assessor
  • Age: 58
Development Information
  • Construction Type: Brick, Masonry, Wood Frame
  • Ownership Type: Partnership
  • Zoning Detail: R5
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 050-151-250
  • County Name: San Mateo
  • City Name: SAN CARLOS
  • City Postal ID: 56
  • Postal Code: 94070
  • Elementary School District: 937
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .45
  • Lot Description: Grade - Level, Regular
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 16
General Information
  • Annual Tax Amount: $0
  • Capitalization Rate: .00
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip, Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $0
  • Operating Expenses Include: Fee - Property Management, Services - On-Site Manager
  • Income Annual Gross: $0
  • Income Annual Rental: $0
  • Income Gross Scheduled: $0
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,910
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,200

Property History for 786 Elm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 786 Elm Street

Taxable ValueLand$4,080,000Additions$4,284,000Total$8,364,000
Tax Record2023$105,114 ($8,760 / month)
Home Facts
Baths2Total Finished SqFt15,867 SqFtAbove Grade Finished SqFt15,867 SqFtStories2Lot Size19,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountySAN MATEOAPN050-151-250

Schools near 786 Elm Street

This home is within San Carlos Elementary School District.
Rating
School
Type
Grades
Distance
Charter - K to 3
Public - 6 to 8
Public - 9 to 12
Public - 4 to 5
Rating
School
Distance
Brittan Acres Elementary School
CharterK to 3

Central Middle School
Public6 to 8

Sequoia High School
Public9 to 12

Arroyo
Public4 to 5

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

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of A 2 M Real Estate, Jonathan Lee, DRE #01145731

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.