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Key Details
Sold Price $3,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81956855
Sold Date 06/14/24
HOA Y/N No
Year Built 1938
Annual Tax Amount $55,261
Lot Size 0.294 Acres
Property Description
Upcoming public tours: Tuesday 3.26.24 from 2pm-4pm Wednesday 3.27.24 from 1pm-2pm 1 Hayward Ave is a stunning multifamily investment opportunity with a fully entitled mixed-use redevelopment site by the City of San Mateo. Proposed renderings feature 18 dwelling units and 2 office/retail spaces. Situated on a parcel of land totaling 12,824 square feet, the subject property was originally constructed in 1938 and has a gross building area of approximately 6,794 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. Additionally, the subject property provides tenants with private garages and backyard space. The subject site features three fully renovated semi-detached houses with convenient amenities such as private garages, backyard space, and in-unit laundry. All units are currently on a month-to-month lease. The subject property is located within close proximity to Downtown San Mateo, a popular area featuring a myriad of diverse retail shops, dining, and entertainment options. The subject property is also located near many major transportation corridors including U.S. Route 101, California State Route 92, and the San Mateo Caltrain Station.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning E2-1/R4
Interior
Heating Fireplace(s), Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 6
Roof Type Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 034275130
Financing Cash
Special Listing Condition Standard
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Bought with Peyling Yap • Bay Area Realty
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960