395 Laurel Street, San Carlos
Offered at $3,400,000 Sold for $3,400,000
395 Laurel Street
7,977 Sq. Ft. Living Area
Cher~ Listing Agent (Repeat Client)
Downtown Laurel Street San Carlos Mixed-Unit Investment Opportunity, First time on the Market, Family-Owned and Built 1971, Pride of Ownership and Meticulously Maintained, Low Maintenance, The Building Owns its Space and Sports a Large 3bedroom|2bath Unit with Patio and Attached 3-Car Garage; (2) 2bedroom|2baths; (1) 2bedroom|1bath; and (2)1bedroom|1bath. All units benefit from significant interior upgrades, including double-pane windows. Each Unit has a fireplace to warm your heart and large decks and balconies for entertaining. Coin-operated laundry on the premises and carports for each unit, rear of the building. Access to the entire Bay Area can be had from this mid-Peninsula downtown location. Flying from San Carlos' private airport, hiking at Edgewood Park and Cycling off Canada Road at Crystal Springs are just some of the convenient outdoor activities available in San Carlos. Top-rated public & private schools. This is truly a unique turnkey investment opportunity for an investor.
Details
- Area: - Cordes Etc. 355
- Age: 51
- Approx. Acr: .19acres
- Approx. Bldg: 7977
- Approx. Lot: 8,050sq. ft.
- COE: 08/14/2020
- DOM: 126
- List Date: 01/27/2020
- MLS#: ML81780302
- Number of Buildings: 1
- Original List Date: 01/27/2020
- Original List Price: $4,989,000
- Price per sq. ft.: $426
- Sale Price: $3,400,000
- Status: Sold
- Status Change Date: 08/15/2020
- Total Units: 6
- Year Built: 1971
- Agent Email: crowland@intero.com
- Annual Gross Income: $213,480
- Annual Total Expenses: $23,657
- BRE Number: 01338545
- Buyer Broker Compensation: 2%
- Capitalization Rate: 4.52
- Company: Intero Real Estate Services
- Cross Street: Magnolia
- Direct Phone: 650-477-0722
- Financial Data Source: Owner
- Gross Rent Multiplier: 19.08
- Income Annual Rental: $219,600
- Income Gross Scheduled: $220,082
- Income Includes: Laundry, Rents
- Income Other: 482
- Listing Type: Exclusive Right to Sell
- Office Phone: 650-543-7740
- Parcel Number: 050-054-130
- Vacancy Factor: 3
- Zoning: R10006
- Listing Agent: Rowland Cher
- Elementary School District: San Carlos Elementary
- High School District: Sequoia Union High
- Unit 1
- Beds#: 3
- Sqft: 1396
- Unit 4
- Beds#: 1
- Rent: $2,100
- Sqft: 712
- Unit 3
- Beds#: 2
- Sqft: 845
- Unit 2
- Beds#: 2
- Rent: $3,000
- Sqft: 1098
- Accessibility Features: Parking, Wide Halls/Doors (3 ft+)
- Amenities Misc: High Ceiling
- Cooling: Ceiling Fan
- Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl/Linoleum
- Foundation: Pillars/Posts/Piers, Post & Pier
- GarageParking: Attached Garage, Carport , Covered Parking, On Street
- Heating: Fireplace , Gas, Wall Furnace
- Kitchen: 220 Volt Outlet, Cooktop - Electric, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Gas, Microwave, Oven Range - Built-In, Oven Range - Electric, Refrigerator (s)
- Laundry: Coin Operated, Washer/Dryer - Some Units
- Listing Includes: Dishwasher - All Units, Oven/Range - All Units, Refrigerator - All Units, Updated Bath(s) - All Units, Updated Kitchen - All Units
- Lot Description: Views
- Meters: Separate Common Area, Separate Electric, Separate Gas
- Min # of Units in Complex: 6
- Roof: Fiberglass, Shingle, Tar and Gravel
- Security Features: None
- Sewer Septic: Sewer - Public
- View: Downtown, Hills, Panoramic
- Water: Public
- Yard Grounds: Balcony/Patio, Deck , Fenced, Low Maintenance