1504 S Claremont St
High Cash Flowing Asset Within Walking Distance to Downtown San Mateo | San Mateo, CA
Marketing description
1504 S Claremont St is an exceptional 8-unit apartment community located in the thriving city of San Mateo, California.
Situated on a 10,638 square foot parcel of land, the subject property was originally constructed in 1959 and has a gross building area of approximately 5,911 square feet, offering its tenants 100% beautifully designed one-bedroom floor plans.
San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the many street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center.
1504 S Claremont St is within walking distance to Downtown San Mateo(1mi), featuring a myriad of diverse retail shops, dining and entertainment options. The subject property is also located within close proximity to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station. These transportation hubs provide tenants and residents with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others.
The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 1504 S Claremont St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Investment highlights
- High Cash Flowing Asset Within Walking Distance to Downtown San Mateo - Investors have the rare opportunity to acquire a well-situated asset located in the highly desirable Hayward Park neighborhood adjacent to Downtown San Mateo.
- Prime San Mateo Location - Tenants are within walking distance to Downtown San Mateo (1 mi) featuring a myriad of diverse retail shops, dining and entertainment options
- Convenient Access to Transportation Corridors - The subject property provides convenient access to the major transportation corridors of US. Route 101, California State Route 92, San Mateo Caltrain Station, and the major thoroughfare of El Camino Real.
- Close Proximity to Many of the Nation's Top Tech Employers - Throughout the Bay Area and Silicon Valley, there are many renowned employers including 38 Fortune 500 companies. Recognizable names include Google, Meta (Facebook), Netflix, Apple, Salesforce, Wells Fargo, Microsoft, Cisco, Chevron, Box Inc., Visa, Sony and many others.
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