San Mateo, CA 94401
$8,900,000
Bed
0
Bath
0
Living Space
24,592 SqFt
Year Built
1960
Lot Size
0.57 Acres
Days
125
PRICE REDUCTION of $550,000! -- The Knights Inn Apartments, located at 100-106 N. Bayshore Boulevard in San Mateo, presents a rare 38-unit multifamily investment opportunity in San Mateo. The property offers a unit mix of thirty-four (34) studios (~381 sqft) and four (4) 1-Bedroom/1-Bath units (~570 sqft). Constructed in 1960 and situated on a 24,944 sqft lot, with approximately 24,592 sqft of gross building area across two (2) buildings. SB-721 COMPLIANT, BALCONY REBUILD COMPLETED, eliminating a significant capital expenditure and providing investors with a clean compliance profile at close. The property further features a secured fenced-in pool, on-site coin-operated laundry, and 36 covered carports + 4 uncovered assigned spaces. Gas and electric utilities are master metered for each building, presenting a direct value-add opportunity through implementation of a Ratio Utility Billing System (RUBS). The pro forma reflects an estimated $45,600 in additional RUBS income upon implementation.Current rents averaging approximately $1,610/month for studios and $2,085/month for 1-Bed/1-Bath units reflect meaningful upside to market rents of $2,100 and $2,395 respectively, as validated by the nearby Country Club Apts at 420 N. Bayshore Boulevard.
Listing provided courtesy ofNate Gustavson License 01898316 Compass, Cameron Foster License 00972394 Compass
Data provided by MLSListings Inc.
- North Shoreview Montessori Elementary School (Elementary) - GreatSchools rating 10/10 - Borel Middle School (Middle) - GreatSchools rating 8/10 - Aragon High School (High) - GreatSchools rating 10/10 School District: San Mateo-Foster City School District and San Mateo Union High School District
Within a 1-2 mile radius of Bayshore, San Mateo, CA, 94401, several parks offer recreational opportunities. Seal Point Park provides shoreline access with walking and cycling paths, and a dog park. Coyote Point Recreation Area features a large playground, picnic areas, and waterfront activities. Paddock Park offers a gated playground suitable for younger children.
The Bayshore neighborhood in San Mateo is characterized by its diverse community and proximity to local businesses and dining. The area features independent shops and restaurants, including establishments like Takahashi Market, known for its Hawaiian and Japanese groceries, and Aldo's Pizza, a long-standing local pizzeria. The community is active, with residents participating in local events and engaging with neighborhood associations.
Bayshore, San Mateo, CA, 94401 has a Walk Score of 99 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. The Transit Score is 69 out of 100, signifying Good Transit with many nearby public transportation options. Verified transit routes include bus lines such as the 59 Hillsdale/Norfolk - Aragon High and ECR Daly City BART - Palo Alto Transit Ctr, as well as Caltrain rail lines like Express, Local Weekday, Limited, and Local Weekend.
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.
- North Shoreview Montessori Elementary School (Elementary) - GreatSchools rating 10/10 - Borel Middle School (Middle) - GreatSchools rating 8/10 - Aragon High School (High) - GreatSchools rating 10/10 School District: San Mateo-Foster City School District and San Mateo Union High School District
Within a 1-2 mile radius of Bayshore, San Mateo, CA, 94401, several parks offer recreational opportunities. Seal Point Park provides shoreline access with walking and cycling paths, and a dog park. Coyote Point Recreation Area features a large playground, picnic areas, and waterfront activities. Paddock Park offers a gated playground suitable for younger children.
The Bayshore neighborhood in San Mateo is characterized by its diverse community and proximity to local businesses and dining. The area features independent shops and restaurants, including establishments like Takahashi Market, known for its Hawaiian and Japanese groceries, and Aldo's Pizza, a long-standing local pizzeria. The community is active, with residents participating in local events and engaging with neighborhood associations.
Bayshore, San Mateo, CA, 94401 has a Walk Score of 99 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. The Transit Score is 69 out of 100, signifying Good Transit with many nearby public transportation options. Verified transit routes include bus lines such as the 59 Hillsdale/Norfolk - Aragon High and ECR Daly City BART - Palo Alto Transit Ctr, as well as Caltrain rail lines like Express, Local Weekday, Limited, and Local Weekend.
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.
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