144-150 Gardiner Ave South San Francisco, CA 94080
- Apartment buildings
- 12,475 SF
- 0.29 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 144-150 Gardiner Ave
- Year built
- 1926
- Lot size
- 0.29 lot acres
- Property size
- 12,475 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity encompasses three contiguous parcels in South San Francisco, CA (94080), totaling 12,475 square feet on a 0.289-acre lot. The core of the offering is a well-maintained, 21-unit apartment building at 144-150 Gardiner Ave, featuring a desirable unit mix and a history of low vacancy rates and strong tenancy. The property also includes two single-family homes, located at 144 Gardiner Ave and 22 Butler Road, which will be delivered vacant at the close of escrow. Built in 1926, this three-story building presents a compelling value proposition. The current Net Operating Income (NOI) is $143,819.84, yielding a 2.31% cap rate
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.401
- Latitude
- 37.6637