Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.4148

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $5,500,000

  • Tax Amount

    84118.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Other

  • Middle School

    Other

  • High School

    San Mateo

Property Features

  • Water Source

    Public

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Location

County

San Mateo

Elementary School

Other

Middle School

Other

High School

San Mateo

Listing Courtesy of Jimmy Castellanos , Marcus & Millichap

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Marcus & Millichap is pleased to present 24 Baytree Way, a ten-unit multifamily community located in the highly sought-after El Cerrito Manor neighborhood of San Mateo. Built in 1950, the property sits adjacent to Hillsborough Heights, where the average home value exceeds $4,000,000. This rare investment opportunity allows an investor to curate a boutique residential community surrounded by well-established single-family homes. The unit mix features a combination of one- and two-bedroom floor plans, each notably larger than typical apartment homes constructed during the 1950's.    The property also offers two vacant, rent-ready units, providing immediate access for tours and a seamless transition for new ownership.

24 Baytree Way

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Related Properties

*Call for offers 10/16 at 11:00am.*  Rare chance to acquire one, two, or all three multifamily properties located on contiguous parcels on Grand Boulevard in San Mateo.  315 (fourplex), 321 (triplex), and 327 (triplex) Grand Blvd (MLS# ML82022562, ML82024252, ML82015184).  Available separately or combined.  Potential to construct up to 12 ADUs per an ADU consultancys pre-feasibility study. These properties total 10 units, 6,369 SqFt of building area, and 22,873 SqFt of land. 315 Grand is renovated, has two vacancies, and the potential for 5 ADUs. 321 and 327 Grand are value add opportunities with below market rents and are fully leased.  321 Grand has the potential for 4 ADUs and 327 Grand has the potential for 3 ADUs.  Conveniently located near Downtown San Mateo, residents enjoy walkable access to shops, dining, and entertainment, as well as proximity to Caltrain, Highway 101, and Highway 92, providing easy commutes throughout the Peninsula and Silicon Valley. The robust economy, excellent schools, high quality of life, rent growth, and ADU potential make 315, 321, and 327 Grand Blvd. a great opportunity for cash flow, appreciation, and development minded investors.
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San Mateo

315327 Grand Boulevard

None Beds

None Baths

6,369 Sq.Ft.

$4,833,000

MLS#: ML82024413

 - property

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