None

San Carlos , CA 94070

MLS#: ML81688996

$5,500,000

Status: Closed
Listing number: ML81688996
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: a month ago
On site: 7 years ago
Browse Properties
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1967

Sq.Footage

N/A

Marketing Package Available. 17 Devonshire Blvd presents a rare opportunity for an investor to acquire a trophy mid-peninsula asset with an excellent unit mix in one of the best locations in the country. The subject property is situated on 0.26 acres of land and has approximately 9470-SqFt of living space. The property has ten total rental units with a desirable mix of: Three (3) Studio units and One (1) one-bedroom/one-bathroom units and two (2) two-bedroom/one-two-bathroom units, Three (3) two bedroom/ two-bathroom units, and One (1) two-bedroom/ two and half-bathroom with an additional den. Many of the units have gone significant renovations since the property was last acquired. New interior improvements include, new cabinets, granite counter tops, new carpet, and installation of modern appliances.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Electric

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.26

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $5,500,000

  • Tax Amount

    70271.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

County

San Mateo

Elementary School

Middle School

High School

Listing Courtesy of Robert Johnston , Marcus & Millichap

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(818) 321-0175

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Marketing Package Available. 17 Devonshire Blvd presents a rare opportunity for an investor to acquire a trophy mid-peninsula asset with an excellent unit mix in one of the best locations in the country. The subject property is situated on 0.26 acres of land and has approximately 9470-SqFt of living space. The property has ten total rental units with a desirable mix of: Three (3) Studio units and One (1) one-bedroom/one-bathroom units and two (2) two-bedroom/one-two-bathroom units, Three (3) two bedroom/ two-bathroom units, and One (1) two-bedroom/ two and half-bathroom with an additional den. Many of the units have gone significant renovations since the property was last acquired. New interior improvements include, new cabinets, granite counter tops, new carpet, and installation of modern appliances.

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Related Properties

This property consists of two separate buildings situated on a single parcel, collectively comprising ten units. The diverse unit mix includes (1) 3 bed 2.5ba unit; (4) 2 bed 2 ba units; (1) 2 bed 1 ba unit; (1) junior 1 bed 1 bath unit; and (3) studio units offering strong rental versatility and tenant appeal. Units 17-1 and 25-1 have been fully renovated with modern finishes, including new flooring, stainless steel appliances, upgraded kitchen cabinets and countertops, recessed lighting, remodeled bathrooms, in-unit washer/dryers, and dishwashers. Additional units have received partial updates such as refreshed flooring, updated cabinetry, and new appliances. An on-site laundry room is available for tenants. SB 721 inspections have been completed. Tenants enjoy a tranquil setting with a shared communal deck between the two buildings and private balconies in select unitsenhancing the sense of privacy and community. Ideally located just minutes from Downtown San Carlos and its Caltrain Station, the property offers convenient access to Highway 280, 101, and El Camino Real, placing the entire Silicon Valley region within easy reach. Its close proximity to major employment centers in Foster City, Redwood Shores, Palo Alto, and Menlo Park further enhances its investment appeal.
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None Beds

None Baths

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None Beds

None Baths

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- property

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