168 Santa Clara Avenue

San Bruno, CA 94066

$2,695,000
Price
Beds
8,866 Sq. Ft.
$304 / Sq. Ft.
8,866
Sq. Ft.
$304
per Sq. Ft.

Description

INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the opportunity to acquire 168 Santa Clara Ave, a 8-unit multifamily property located in the heart of San Bruno. The property presents a rare opportunity for an investor to enter the Peninsula market with a strong cash flow day one. 168 Santa Clar Ave was constructed in 1972 and consists of two wood frame, three story structures that are clad with stucco and T1-11 siding. The unit mix has (8) 1-bedroom/1 bathroom loft apartments that are...INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the opportunity to acquire 168 Santa Clara Ave, a 8-unit multifamily property located in the heart of San Bruno. The property presents a rare opportunity for an investor to enter the Peninsula market with a strong cash flow day one. 168 Santa Clar Ave was constructed in 1972 and consists of two wood frame, three story structures that are clad with stucco and T1-11 siding. The unit mix has (8) 1-bedroom/1 bathroom loft apartments that are about 800 sq ft each. The property consists of two buildings sitting on a 0.20 acre (or 8,755 sq ft) lot. The subject property also contains three non-conforming units that a savvy investor can turn into livable space, buyer to perform their own investigation into the legalization process. Two of the non-conforming spaces are located at the rear of each building with natural light and a designated bathroom, each space is approximately 600 sq ft. The subject property has 8 tuck-under parking stalls and 2 additional covered spaces providing on-site parking for 10 vehicles. The subject property has a shared common laundry room that provides additional income.
  1. Listed by Philip Batlin • DRE #01873218 • Brokerage DRE #01240999 • Marcus & Millichap • 415-625-2189

Property Details for 168 Santa Clara Avenue

MLS City Name
SAN BRUNO
Building Type
Other
Garage Spaces
0
Parking Spaces
10

Open Houses

Tuesday, May 21st

11:30 AM - 12:30 PM

PublicView Details

Location

Listing Courtesy of Marcus & Millichap, Philip Batlin, DRE #01873218
Add your commute
LISTING UPDATED: 05/17/2024 12:20 AM

Property Details for 168 Santa Clara Avenue

StatusActive
MLS #ML81964840
Days on Compass12
Taxes$29,537 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1972
Lot Size0.20 AC / 8,755 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Philip Batlin, DRE #01873218
Add your commute

Building Information for 168 Santa Clara Avenue

Stories-Residences-Year Built1972Building Size-Lot Size0.20 AC / 8,755 SF

Payment Calculator

$17,169 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,708

Property Taxes

$2,461

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 168 Santa Clara Avenue

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Vinyl / Linoleum
  • Living SqFt: 8866
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 10
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Amenities: None
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Lomita Park
  • Restrictions: None
  • Roof: Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 168
  • Street Name: Santa Clara
  • Street Suffix: Avenue
  • Area ID: 500
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 8866
  • Structure SqFt Source: Assessor
  • Age: 52
Development Information
  • Zoning Detail: R30000
Location Information
  • Parcel Number: 021-186-210
  • County Name: San Mateo
  • City Name: SAN BRUNO
  • City Postal ID: 55
  • Postal Code: 94066
  • Elementary School District: 932
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Wood Frame
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $29,537
  • Capitalization Rate: 5.96
  • Tenant Expenses: Services - Trash Removal, Utilities - Heating, Utilities - Water
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,500
  • Expense Landscape: $800
  • Expense Maintenance: $15,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $500
  • Expenses Utility: $13,441
  • Expenses Total: $63,778
  • Operating Expenses Include: Vacancy Factor, None
  • Gross Rent Multiplier: 11.65
  • Income Annual Gross: $224,361
  • Income Annual Rental: $229,800
  • Income Gross Scheduled: $231,300
  • Income Other: $1,500
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 800

Property History for 168 Santa Clara Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 168 Santa Clara Avenue

Taxable ValueLand$97,236Additions$457,896Total$555,132
Tax Record2023$6,281 ($523 / month)
Home Facts
Baths1Total Finished SqFt8,866 SqFtAbove Grade Finished SqFt8,866 SqFtStories3Lot Size8,755 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningR30000CountySAN MATEOAPN021-186-210

Schools near 168 Santa Clara Avenue

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lomita Park Elementary School
PublicK to 5

Taylor Middle School
Public6 to 8

Mills High School
Public9 to 12

Peninsula High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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168 Santa Clara Avenue is a multi-family home for sale in San Bruno, CA 94066. This property was listed for sale on May 8, 2024 by Marcus & Millichap, it's currently listed at $2,695,000. This listing's school districts are San Mateo Union High School District, Millbrae Elementary School District. Nearby schools include Lomita Park Elementary School, Taylor Middle School and Mills High School. 168 Santa Clara Avenue is a 0-bed, 0-bath, 8,866 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Philip Batlin, DRE #01873218

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.