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148 N Fremont St

2 Unit Apartment Building Offered at $2,383,832 CAD at a 1.49% Cap Rate in San Mateo, CA 94401

INVESTMENT HIGHLIGHTS

  • Investors have the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in the Bay Area.
  • The subject property has undergone extensive capital improvements including modern renovations of select units.
  • Recognizable names include Google, Meta (Facebook), Netflix, Apple, Salesforce, Wells Fargo, Microsoft, Cisco, Box Inc., Visa, Sony and many others.
  • Residents are walking distance to Downtown San Mateo and are within close proximity to Downtown Burlingame.
  • Throughout the Bay Area and Silicon Valley, there are many renown employers including 38 Fortune 500 companies.

EXECUTIVE SUMMARY

148-150 N Fremont St is an exceptional duplex investment opportunity located in the thriving city of San Mateo, California.
Situated on a 6,002 square foot parcel of land, the subject property was originally constructed in 1979 and has a gross building area of approximately 3,403 square feet, offering tenants beautifully designed two-bedroom floor plans. The subject property has undergone major capital improvements including modern renovations in one of the two units.
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 numerous street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center.
148-150 N Fremont St is walking distance to Downtown San Mateo and is within close proximity to Downtown Burlingame, both home to 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 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, 148-150 N Fremont St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $2,383,832 CAD
Price Per Unit $1,191,916 CAD
Sale Type Investment
Cap Rate 1.49%
No. Units 2
Property Type Multifamily
Lot Size 0.14 AC
Building Size 3,403 SF
Average Occupancy 100%
No. Stories 2
Year Built 1979

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 2 - -
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34674444

  • Date on Market: 2025-01-31

  • Last Updated:

  • Address: 148 N Fremont St, San Mateo, CA 94401

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