1500 Newlands Avenue
$12,000,000
—
25,767
25,767
$466
Description
1500 Newlands Avenue is a well-constructed elevatored 20-unit apartment with secured parking for 24 cars and 21 storage lockers. It features a mix of (6) Two-Bedroom/1 Bathroom and (14) One-Bedroom/1 Bathroom units, all have a private patio or balcony. Current ownership has implemented a renovation program for 17 out of 20 units, giving a clear and proven plan for considerable rental upside upon turnover. Renovated units feature an in-unit washer/dryer, hardwood flooring, and recessed lighting. Renovated...1500 Newlands Avenue is a well-constructed elevatored 20-unit apartment with secured parking for 24 cars and 21 storage lockers. It features a mix of (6) Two-Bedroom/1 Bathroom and (14) One-Bedroom/1 Bathroom units, all have a private patio or balcony. Current ownership has implemented a renovation program for 17 out of 20 units, giving a clear and proven plan for considerable rental upside upon turnover. Renovated units feature an in-unit washer/dryer, hardwood flooring, and recessed lighting. Renovated kitchens feature modern stainless steel appliances, granite countertops, tile backsplash, and shaker cabinetry. Bathrooms have sleek tiling with high-end shower heads and faucets. The building recently had new exterior and interior painting, brand new water-efficient landscaping, a new sewer main, and a security camera system throughout. This is a rare opportunity for investors to acquire an efficiently operated trophy property in a low-density A+ Location, on a prominent corner, just 3 short blocks from Burlingame Avenue.
- Listed by Kevin S Caravelli • DRE #01988049 • Brokerage DRE #01908304 • Coldwell Banker Commercial Realty
Property Details for 1500 Newlands Avenue
Parking Features
Automatic Door, Underground Parking
Cross StreetEl Camino Real
Total Parking Spaces24
LISTING UPDATED: 11/21/2024 04:51 PM
Property Details for 1500 Newlands Avenue
Status | Active |
---|---|
MLS # | 424023977 |
Days on Compass | 202 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1967 |
Lot Size | 0.35 AC / 15,298 SF |
County | San Mateo County |
Building Information for 1500 Newlands Avenue
Stories-Residences20Year Built1967Building Size-Lot Size0.35 AC / 15,298 SF
Property Information for 1500 Newlands Avenue
Property History for 1500 Newlands Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1500 Newlands Avenue
Taxable ValueLand$5,722,200Additions$4,733,820Total$10,456,020
Tax Record2024$117,777 ($9,815 / month)
Home Facts
Baths2Total Finished SqFt25,767 SqFtAbove Grade Finished SqFt25,767 SqFtStories3Lot Size15,319 SqFtStyleMulti-Family Res (5+ Units)Year Built1967CountySAN MATEOAPN028-292-300
Schools near 1500 Newlands 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 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Washington Elementary School PublicK to 5 | ||
Burlingame Intermediate School Public6 to 8 | ||
Burlingame High School Public9 to 12 | ||
Design Tech High Charter9 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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