BUY A PROVEN PERFORMER: TIRELESS CASH-COW - Low Vacancy, High Rental Demand, Consistent Rental Income 8 Townhouse-Style Apartment Home Units (All 3 BR / 1 BA on 2-Levels) Each Unit Offers Private Front Yard & Enclosed Garage Parking. Current Cap Rate: 4.66% / Pro-Forma Cap Rate: 5.2% Current GRM: 14.1 / Pro-Forma GRM: 13.1 Cost/SF: $592/SF Consistent Rental History with Low Tenant Turnover Excellent Unit Mix All 8 Units Offer Three (3) BR / One (1) BA Units Townhouse Style on 2-Levels Attractive Assumable Loan From Provident CU 3 of 8 Units Receive Partial Housing Assistance, Providing Steady Rent Collection Supply-Constrained Core Mid-Peninsula Submarket Ideal Housing (3 BR + Private Yard + Enclosed Garages) for Working Families Easy Access to Highway 101, Marsh Rd, Woodside Rd, El Camino Real Proven Performer With Solid Cashflow & Value Appreciation Building SF: 7,600 SF / Lot Size: 10,000 SF / Cost Per SF: $592/SF
Multi-familyProperty Type
1962Year Built
10,001 sq ftLot Size
$581Price/Sq.Ft.
Listed by Don Sung•DRE #DRE #01935797• Colliers Parrish International
•650-380-5188 (agent)
•don.sung@colliers.com (agent)
•408-282-3800 (broker)
Bought with Michael Henshaw•DRE #DRE #01134592• Marcus & Millichap
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
24
Baths
8
Stories
2
Lot width
—
Lot depth
—
Lot size
10,050 Sq. Ft.
Year renovated
1962
Sq. Ft.
7,600
Year built
1962
Style
Multi-Family (5+ Unit)
County
San Mateo County
APN
055031230
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 4, 2026.
R-3
Multi-Family-Low Density District
This district is intended for medium scale residential densities, as permitted in the General Plan. Dwelling types include small lot single-unit development, bungalow courts, front or rear loaded townhomes, multi-unit buildings, and accessory dwelling units. This district also allows for complementary uses such as child care, other care facilities, park and recreation facilities, and civic and institutional uses such as schools and places for community assembly.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jan 25, 2011 • Final
Combination
Repair fire damage to the building.
Remodel
Oct 30, 2010 • Final
Plumbing
Perform a gas test to re-establish gas service.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.