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501 S Fremont St, San Mateo, CA 94402
$3,880,000
501 S Fremont St, San Mateo, CA 94402View this property at 501 S Fremont St, San Mateo, CA 94402
501 S Fremont StSan MateoCA94402
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Property Description
Rarely Available Opportunity to Acquire 6 Spacious, Easy-To-Manage 2-Bedroom/1-Bath Units Near Downtown San Mateo. Conveniently-Located Asset Near Downtown San Mateo. Very Easy Access From Highway 101. Desirable Rental Location on 2 Quiet Treelined Streets (S. Fremont and E. 5th Ave). All 2 Bedroom/1 Bath Units (887 SF Each). Walk to San Mateo Cal-Train & Downtown San Mateo. Updated Units w/ Excellent Floorplan. Potential to Add 2 to 3 ADUs. Supply-Constrained. Very Few Small to Midsized Apartments Nearby. Mixed in w/ Single Family Homes. Renovated Apartment Units: All Units Equipped With Dishwasher, Plus Potential to Add In-Unit Washer & Dryers to Boost Rents and NOI. Capital Improvements: Updated Plumbing and Electrical, Dual-Pane Windows, New Water Heaters, New Exterior Painting, New Drought-Resistant Landscaping. Proven, Consistent Income-Generator, Providing Strong Cashflow with Very Low Vacancies and Turnovers. Low Operating Costs. Easy Access to Major Technology Employers in the Mid-Peninsula: Visa, Genentech, EA, Meta, Google, Stanford, etc. Easy Access to El Camino Real, Highway 101, 280. Walkscore: 92. Bike Score: 84. Current CAP Rate: 3.45% / Current GRM: 17.4. Pro-Forma CAP Rate: 4.13% / Pro-Forma GRM: 15.5. Cost Per SF: $556.7/SF.
Full Property Details
Full Property Details for 501 S Fremont St
General
- Price: $3,880,000
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: ML81965208
- Updated: 5/10/2024
- Added to Site: 36 day(s) ago
Rooms
Other Rooms
- Kitchen: Granite Countertop, Dishwasher, Garbage Disposal, Electric Oven, Electric Oven/Range, Refrigerator
- Laundry: Coin-Operated, Washer / Dryer
Additional Information
- Security/Safety: Security Lights
Parking
- Garage Spaces: 6
- Parking Features: Assigned Spaces, Covered Parking, On Street
Location
- Area: 19th Avenue Park / Sunnybrae
- County: San Mateo
- Cross Streets: E. 5th Ave
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
- Metering: Master Water, Separate Electric, Separate Gas
Structural Information
- Foundation: Crawlspace
- Roof: Composition
- Disability Access: Parking
- Square Feet: 6,970
- Year Built: 1964
Unit Information
Unit 1
- Square Feet: 877
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2041
- Minimum Lot Size: 8890
- Building Sites: 1
- Zoning: R3
Disclosures and Reports
- Restrictions: None
Listed by Colliers Parrish International, Don Sung
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Schools
Schools serving 501 S Fremont St
School Districts:San Mateo-Foster City Schools, San Mateo Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1031 S Delaware St, San Mateo, CA 94402 | K-5 | 0.4 mi | |
425 Barneson Ave, San Mateo, CA 94402 | 6-8 | 1.2 mi | |
900 Alameda De Las Pulgas, San Mateo, CA 94402 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 S Fremont St
Date
Details
Price
Change
Source
5/10/2024
Listed
$3,880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 501 S Fremont St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$40,957
2%
$3,009,242
2%
2022
$40,327
2%
$2,950,238
2%
2021
$39,555
4%
$2,892,391
1%
2020
$37,980
4%
$2,862,734
2%
2019
$36,607
3%
$2,806,603
2%
2018
$35,405
6%
$2,751,572
2%
2017
$33,342
5%
$2,697,620
2%
2016
$31,787
39%
$2,644,726
50%
2015
$22,787
-1%
$1,759,465
2%
2014
$22,938
131%
$1,725,000
217%
2013
$9,950
—
$543,959
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 S Fremont St
501 S Fremont St, San Mateo, CA 94402 (MLS# ML81965208) is a Commercial Residential Facility property. 501 S Fremont St is currently listed for $3,880,000 and was received on May 10, 2024. Want to learn more about 501 S Fremont St? Do you have questions about finding other Commercial Residential Facility real estate for sale in San Mateo? You can browse all San Mateo real estate or contact a Coldwell Banker agent to request more information.