$25,000,000
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108 Beds
79,062 SqFt
SOLD DATE : 12/23/2022
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 79,062 sqft
Price per Sqft $284
MLS Listing ID 422701253
Sold Date 12/23/22
Bedrooms 108
HOA Y/N No
Year Built 1961
Lot Size 1.540 Acres
Acres 1.54
Property Sub-Type Multi Family
Property Description
101 & 151 Eastmoor Avenue is a prominent Bay Area apartment complex built in 1962 and located in the St. Francis neighborhood of Daly City, CA. The buildings, spanning three stories high, have an ideal unit mix of 36-Two Bedrooms, 36-One Bedrooms, and 6-Studio Units. The units have been well maintained, and many feature updated kitchens with dishwashers, decks, ample natural light, and stunning Bay Area views. The complex features well-maintained buildings with concrete foundations, parking for 78 cars, and laundry rooms with ample washers and dryers. Every unit in the building is equipped with fiber-optic cabling, giving residents the fastest internet option available. The building presents a new owner with upside potential by modernizing the units and increasing rental income to the market rate. There is also significant long-term potential for rent growth, given Daly City's proximity to Silicon Valley and San Francisco.
Location
State CA
County San Mateo
Area San Mateo County
Interior
Fireplace No
Appliance Washer/Dryer Leased
Laundry Common Area
Exterior
Total Parking Spaces 78
Building
Lot Description None
Story 3
New Construction Yes
Others
Tax ID 008501370
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