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In-PersonVirtual Tour
$ 5,500,000
Est. payment | /mo
$ 5,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82026751
HOA Y/N No
Year Built 1950
Annual Tax Amount $84,118
Property Description
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.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R5
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 10
Roof Type Composition,Shingle
Total Parking Spaces 5
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools San Mateo
School District Other
Others
Tax ID 032412210
Special Listing Condition Standard
Listed by Jimmy Castellanos Marcus & Millichap