4-Unit Apartment Building with
New
For Sale
$2,000,000
112 Elm ST, San Carlos, CA 94070
Each residence has garage parking and washer-dryer hookups.
Property Size4,352 SF
Lot Size0.15 Acres
Price / SF$459.56
Days on Market6
Property Features for 112 Elm ST
General Information
Standard status
Active
Size
4,352 SF
Total Parking Spaces
4
Lot size
0.15 Acres
Property subtype
Fourplex
Additional Details
Multifamily Units
4
Amenities
washer/dryer hookups
Building Details
Building Size
4,352 SF
Year Built
1947
Buildings
1
Listing Agency:
Compass
Listed By:
Juan De Leon · License #01383120
(415) 305-6275
Source:
Johnpaye
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 11:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This four-unit apartment property was built in 1947 and contains approximately 4,352 square feet of building area on a 6,400-square-foot parcel. Garage parking is provided for each residence, with washer and dryer hookups also in place.
The property is within walking distance of downtown San Carlos.
The property is within walking distance of downtown San Carlos.
Key Highlights
- Four‑unit apartment building
- Approximately 4,352 square feet of building area
- 6,400‑square‑foot parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,468
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,360
$2.5M
Cap Rate 7%
$1,806,686
$1.8M
Cap Rate 9%
$1,405,200
$1.4M
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$193.2K $44.40/SF
− Vacancy
−$12.6K −$2.89/SF
EGI
$180.7K $41.51/SF
− OpEx
−$54.2K −$12.45/SF
NOI
$126.5K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,360
Cap Rate 7%
$1,806,686
Cap Rate 9%
$1,405,200
Alternative Uses
Best Use
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,468 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,449 @ 7.0% cap · market cap 5.92%
Theoretical Best
Warehouse
$3.46M
$3.02M – $4.03M
NOI $241,979 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,634
Businesses Nearby
Explore this area
Business Placement
Demographics for 94070, CA
31,585
Population
11,958
Households
2.6
Avg Household Size
42
Median Age
68%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
5,178
Density / Sq Mi
$235,373
Median Household Income
$118,194
Median Earnings
$2,802
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has garage parking and washer-dryer hookups.
Where is this quadplex located?
The property is located at 112 Elm ST San Carlos, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Four‑unit apartment building; Approximately 4,352 square feet of building area; 6,400‑square‑foot parcel
