109-111 Hobart Ave
Prime San Mateo Duplex Opportunity
Marketing description
109-111 Hobart is a prime duplex investment opportunity located in the thriving city of San Mateo, California.
Situated on a 8,752 square foot parcel of land, the subject property was originally constructed in 1948 and features a gross building size of 3,686 square feet, offering beautifully designed three-bedroom floor plans. Each unit is separately metered for utilities, providing flexibility to operate the property as either a traditional multifamily investment or an owner-user opportunity. The subject property is equipped with two attached car garages, one patio and a spacious backyard.
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.
109-111 Hobart 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 San Mateo, 109-111 Hobart Ave presents an attractive choice for renters due to its close proximity to shopping, dining and entertainment options.
Investment highlights
- Prime San Mateo Duplex Investment Opportunity - Investors have the opportunity to acquire a stunning duplex located in the thriving city of San Mateo, California.
- Desirable Unit Mix - The subject property features two beautifully designed three-bedroom floor plans.
- ADU Development Potential – The subject property's expansive backyard presents a compelling opportunity to access additional potential upside through the development and leasing of an Accessory Dwelling Unit (ADU), providing increased rental income and long-term appreciation.
- Comfortable Unit Features - Tenants enjoy comfortable property features including attached garages, a private wooden patio (rear unit), and a spacious backyard.
- Owner/User Flexibility - Each unit is separately metered for utilities, providing flexibility to operate the property as either a traditional multifamily investment or an owner-user opportunity.
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