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32278619
32278618

1101 Tilton Ave, San Mateo, CA 94401

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
CS
CA CA: 02016525
Marcus & Millichap - Palo Alto
AL
01462752
Listed by Marcus & Millichap - Palo Alto
$5,180,000
34 days on market
Updated 33 days ago

1101 Tilton Ave, San Mateo, CA, 94401

Details
APN 033-121-070
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,756
Units 12
Cap Rate 4.87%
NOI $252,301
Occupancy 100%
Pro-Forma Cap Rate 5.28%
Pro-Forma NOI $273,253
Price per SqFt $668
Year Built 1954
Lot Size (SqFt) 8,562
Investment Type Stabilized

Prime Mid-Peninsula Investment Opportunity | San Mateo, CA

Marketing description

1101 Tilton Ave is a stunning 12-unit apartment community located in the thriving city of San Mateo, California.

Situated on a 8,562 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 7,756 square feet, offering its tenants 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.

1101 Tilton Ave is within one mile to San Mateo Central Park and Downtown San Mateo, featuring a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. 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, 1101 Tilton Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment highlights

  • Exceptional Mid-Peninsula Investment Opportunity - Investors have the opportunity to acquire a well- located asset in one of the most dynamic and desirable locations in the Bay Area.
  • Prime Location - Residents are within walking distance to San Mateo Central Park and Downtown San Mateo which features a myriad of diverse shopping, dining and entertainment options.
  • Convenient Access to Transportation Corridors - The subject property provides convenient access to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real.
  • Proximity to Nation's Top Employers - Throughout the Bay Area and Silicon Valley, there are many renown 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.

Listing Contacts

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
CS
CA CA: 02016525
Marcus & Millichap - Palo Alto
AL
01462752
Listed by Marcus & Millichap - Palo Alto

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$252,301.00
$21,025.08/mo

Valuation Metrics

0
DSCR
4.87%
Cap Rate
4.87%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Robert Johnston
License
01853816
Brokerage
Marcus and Millichap
Brokerage Phone
6503911744
Brokerage Address
2626 Hanover Street
Name
Cole Simpson
License
CA: 02016525
Brokerage
Marcus & Millichap.com
Brokerage Phone
650-391-1735
Title
Senior Director Investments
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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