San Mateo, CA 94401
$14,950,000
Bed
0
Bath
0
Living Space
21,345 SqFt
Year Built
N/A
Lot Size
N/A
MNM Realty Group is pleased to offer 14 tenant-in-common (TIC) positions in Park Laurel Apartments. Together they make up a 64.75% undivided interest in a renovated 26-unit apartment community at 710 Laurel Avenue, bordering Central Park in downtown San Mateo. Individual positions range from 0.70% to 32.00% and may be bought on their own or combined. Each is priced pro rata to a $14,950,000 property valuation ($575,000 per unit). The property has received more than $1.3 million in capital improvements, including a seismic retrofit. Eighteen of the 26 units have been fully renovated with in-unit washer/dryers, new kitchens and modern baths. Amenities include a heated pool, a rare feature in the area, and the property has a Walk Score of 97. It sits about 2 miles from Burlingame Avenue and 10 minutes from SFO. TIC positions offer investors a fractional entry into a supply-constrained Peninsula multifamily asset with remaining value-add upside as market rents continue increasing
Listing provided courtesy ofJake Anthony License 02059020 MJA Equity Investments, Inc., Michael J Anthony License 00819426 MJA Equity Investments, Inc.
- Laurel Elementary School (Elementary) - GreatSchools rating 3/10 - San Mateo-Foster City School District is the school district.
Laurelwood Park and Sugarloaf Mountain, spanning 225 acres, is the City of San Mateo's most extensive park and open space, offering dog-friendly amenities and scenic trails. Another nearby option is Laurie Meadows Park, a 7.5-acre neighborhood park connected to Casanova Park by a pedestrian/bicycle bridge.
The Laurelwood neighborhood in San Mateo is characterized by its namesake shopping center, which provides residents with everyday restaurants, services, and shops. This area is known for its "urban sophisticates" with refined tastes and cultural inclinations, and is among the highest-income neighborhoods in America. Local businesses include Shiki Japanese Restaurant, Celias Mexican Restaurant, and Toa Yuen Restaurant.
The zip code 94401 has a Walk Score of 77 and a Transit Score of 50. Nearby transit options include the Caltrain, which offers Express, Local Weekday, Limited, and Local Weekend services.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Laurel Elementary School (Elementary) - GreatSchools rating 3/10 - San Mateo-Foster City School District is the school district.
Laurelwood Park and Sugarloaf Mountain, spanning 225 acres, is the City of San Mateo's most extensive park and open space, offering dog-friendly amenities and scenic trails. Another nearby option is Laurie Meadows Park, a 7.5-acre neighborhood park connected to Casanova Park by a pedestrian/bicycle bridge.
The Laurelwood neighborhood in San Mateo is characterized by its namesake shopping center, which provides residents with everyday restaurants, services, and shops. This area is known for its "urban sophisticates" with refined tastes and cultural inclinations, and is among the highest-income neighborhoods in America. Local businesses include Shiki Japanese Restaurant, Celias Mexican Restaurant, and Toa Yuen Restaurant.
The zip code 94401 has a Walk Score of 77 and a Transit Score of 50. Nearby transit options include the Caltrain, which offers Express, Local Weekday, Limited, and Local Weekend services.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.