San Carlos 7-Unit Multifamily
552 Walnut Street San Carlos, CA 94070
552 Walnut Street, San Carlos, CA, 94070
$2,750,000
For Sale
$2,750,000
7-unit building in vibrant San Carlos, great location.
Property Size7,877 SF
Price / SF$349.12
Days on Market186
Property Features for 552 Walnut Street
General Information
- Standard status
- Active
- Size
- 7,877 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing Agency
COMPASS
(650) 375-1111
Listed by
GINA HAGGARTY
Source
Corcoran
Added: Jan 15 Updated: Jul 6 at 10:14 am Checked: Jul 10 at 3:49 am
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
Investment Insights
Based on property information with market context.
Located in San Carlos, this 7-unit building includes six one-bedroom units, each with an assigned parking space. Additionally, there is a three-bedroom unit with two and a half bathrooms and an attached two-car garage. On-site laundry facilities are available for residents. The property is situated within the San Carlos Elementary School District. The building is near downtown San Carlos, with its restaurants, boutiques, and parks. The property size is 7877 square feet.
Key Highlights
- Prime location in the heart of vibrant San Carlos, close to downtown restaurants, boutiques, and parks.
- Located in the highly regarded San Carlos Elementary School District.
- Spacious 3‑bedroom unit with an attached 2‑car garage.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $411.2k | $52.20 |
| − Vacancy | −$21.4k | −$2.71 |
| EGI | $389.8k | $49.49 |
| − OpEx | −$175.4k | −$22.27 |
| NOI | $214.4k | $27.22 |
7,877 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.06M
$2.68M – $3.57M
NOI $214,389 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.26M
$5.47M – $7.30M
NOI $437,976 @ 7.0% cap · market cap 15.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 7-unit building in vibrant San Carlos, great location.
Where is this apartment building located?
The property is located at 552 Walnut Street San Carlos, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime location in the heart of vibrant San Carlos, close to downtown restaurants, boutiques, and parks.; Located in the highly regarded San Carlos Elementary School District.; Spacious 3‑bedroom unit with an attached 2‑car garage.
