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
80
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.
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Bayshore Elementary School (Elementary) - GreatSchools rating 2/10 Garnet J. Robertson Intermediate School (Middle) - GreatSchools rating 4/10 School District: San Mateo-Foster City Elementary School District
Coyote Point Recreation Area offers a variety of activities including picnicking, swimming, windsurfing, bicycling, jogging, fishing, boating, and sailing. It features the Magic Mountain Playground and CuriOdyssey science exhibits. Seal Point Park provides pathways for walking, cycling, and bird watching, along with a dog park and a boardwalk along the Bay Marshes. Paddock Park has a gated playground suitable for children aged 5-12, with a separate area for toddlers, and includes climbing structures and slides.
The Bayshore neighborhood is part of San Mateo, a city described as a vibrant and diverse community with a thriving downtown. Downtown San Mateo is known as a walkable urban neighborhood with a diverse business mix and a lively restaurant scene, offering culinary adventures and convenient errands. The area features a mix of historic buildings and modern developments, with art and color dotting the streets.
This location has a Walk Score of 99 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. It also has a Transit Score of 50 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 CSM College of San Mateo - Downtown San Mateo, and rail lines like the Express, Limited, and Local Weekday 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.
Bayshore Elementary School (Elementary) - GreatSchools rating 2/10 Garnet J. Robertson Intermediate School (Middle) - GreatSchools rating 4/10 School District: San Mateo-Foster City Elementary School District
Coyote Point Recreation Area offers a variety of activities including picnicking, swimming, windsurfing, bicycling, jogging, fishing, boating, and sailing. It features the Magic Mountain Playground and CuriOdyssey science exhibits. Seal Point Park provides pathways for walking, cycling, and bird watching, along with a dog park and a boardwalk along the Bay Marshes. Paddock Park has a gated playground suitable for children aged 5-12, with a separate area for toddlers, and includes climbing structures and slides.
The Bayshore neighborhood is part of San Mateo, a city described as a vibrant and diverse community with a thriving downtown. Downtown San Mateo is known as a walkable urban neighborhood with a diverse business mix and a lively restaurant scene, offering culinary adventures and convenient errands. The area features a mix of historic buildings and modern developments, with art and color dotting the streets.
This location has a Walk Score of 99 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. It also has a Transit Score of 50 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 CSM College of San Mateo - Downtown San Mateo, and rail lines like the Express, Limited, and Local Weekday 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.