815 E 5th Ave, San Mateo, CA 94402-1306 | 815 E 5th Ave
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815 E 5th Ave, San Mateo, CA 94402-1306 815 E 5th Ave
2 Unit Apartment Building $2,859,637 CAD ($1,429,819 CAD/Unit) 5.50% Cap Rate San Mateo, CA 94402
Executive Summary
Discover this stunning, meticulously maintained duplex in the heart of San Mateo! Boasting six bedrooms and five bathrooms, this move-in-ready property offers incredible investment potential with a 5.5%+ cap rate. One unit is currently leased, while the other is vacant, providing flexibility for owner-occupancy or maximizing rental income. Located on a charming tree-lined street, this home is within walking distance of downtown San Mateo, Caltrain, and offers easy access to I-101 for a seamless commute to San Francisco or Silicon Valley. Completely remodeled down to the studs in 2000, this property exudes pride of ownership and presents an exceptional opportunity for discerning buyers
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$164,880
|
$51.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$164,880
|
$51.52
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $164,880 |
| Annual Per SF | $51.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $164,880 |
| Annual Per SF | $51.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,859,637 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,429,819 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 3,200 SF |
| Cap Rate | 5.50% | Average Occupancy | 50% |
| Sale Conditions | 1031 Exchange | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 2000/2001 |
| Property Type | Multifamily | Parking Ratio | 0.63/1,000 SF |
| Price | $2,859,637 CAD |
| Price Per Unit | $1,429,819 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Conditions | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Size | 3,200 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 2000/2001 |
| Parking Ratio | 0.63/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $6,727 CAD | 1,600 |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (84)
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815 E 5th Ave, San Mateo, CA 94402-1306 | 815 E 5th Ave
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