7-Unit Multifamily
552 Walnut Street San Carlos, CA 94070
552 Walnut Street, San Carlos, CA, 94070
$2,950,000
For Sale
$2,950,000
Seven total units include six one-bedroom homes and one three-bedroom unit with an attached two-car garage.
Property Size7,877 SF
Price / SF$374.51
Days on Market193
Property Features for 552 Walnut Street
General Information
- Standard status
- Active
- Size
- 7,877 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing agency
(650) 375-1111
Listed by
Compass
Source
Xome
Added: Jan 10 Updated: Jul 21 at 8:41PM Checked: Jul 21 at 8:41PM
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.
This 7-unit multifamily building includes six one-bedroom units with assigned parking space, along with one larger three-bedroom, two-and-a-half-bath unit featuring an attached two-car garage. On-site app-operated laundry facilities support resident convenience.
Located in San Carlos, the property is positioned just moments from downtown, with access to dining, boutiques, and nearby parks. The building also falls within the San Carlos Elementary School District.
As presented, the mix of unit sizes and the inclusion of in-building laundry and assigned parking make this property suited to tenants who value on-site functionality and dedicated parking.
Located in San Carlos, the property is positioned just moments from downtown, with access to dining, boutiques, and nearby parks. The building also falls within the San Carlos Elementary School District.
As presented, the mix of unit sizes and the inclusion of in-building laundry and assigned parking make this property suited to tenants who value on-site functionality and dedicated parking.
Key Highlights
- 7‑unit building built in 1978 with six 1‑bedroom homes and one 3‑bedroom, 2.5‑bath unit
- 3‑bedroom unit includes an attached 2‑car garage
- Assigned parking spaces plus carport parking
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 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.26M
$5.47M – $7.30M
NOI $437,976 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven total units include six one-bedroom homes and one three-bedroom unit with an attached two-car garage.
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 $2,950,000.
What are key features of this property?
This property features: 7‑unit building built in 1978 with six 1‑bedroom homes and one 3‑bedroom, 2.5‑bath unit; 3‑bedroom unit includes an attached 2‑car garage; Assigned parking spaces plus carport parking
