168 Santa Clara Ave, San Bruno, CA 94066 - View 1
168 Santa Clara Ave, San Bruno, CA 94066 - View 2
168 Santa Clara Ave, San Bruno, CA 94066 - View 3
168 Santa Clara Ave, San Bruno, CA 94066 - View 4
168 Santa Clara Ave, San Bruno, CA 94066 - View 5
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168 Santa Clara Ave, San Bruno, CA 94066

Sale Price: $2,750,000
May 8, 20248,866 sqft10 beds0 baths
Listed by: Philip Batlin
License #: 01873218
Phone #: 415-625-2189
Marcus & Millichap
Source:
CRMLS Logo
MLS #: ML81964840

Property Description

INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the opportunity to acquire 168 Santa Clara Ave, a 8-unit multifamily property located in the heart of San Bruno. The property presents a rare opportunity for an investor to enter the Peninsula market with a strong cash flow day one. 168 Santa Clar Ave was constructed in 1972 and consists of two wood frame, three story structures that are clad with stucco and T1-11 siding. The unit mix has (8) 1-bedroom/1 bathroom loft apartments that are about 800 sq ft each. The property consists of two buildings sitting on a 0.20 acre (or 8,755 sq ft) lot. The subject property also contains three non-conforming units that a savvy investor can turn into livable space, buyer to perform their own investigation into the legalization process. Two of the non-conforming spaces are located at the rear of each building with natural light and a designated bathroom, each space is approximately 600 sq ft. The subject property has 8 tuck-under parking stalls and 2 additional covered spaces providing on-site parking for 10 vehicles. The subject property has a shared common laundry room that provides additional income.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$42,180

TurboHome Estimated Value

$2,753,500

$311 sqft

High Valuation
$2,891,175
$326/sqft
Normal Valuation
$2,753,500
$311/sqft
Low Valuation
$2,615,825
$295/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$311/sqft$2,753,500

Neighborhood

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Comparative Value

$2.69M

$2.75M

168 Santa Clara Ave, San Bruno, CA 94066

List Price: $2,695,000

Subject Property

168 Santa Clara Ave, San Bruno, CA 94066

Sale Price: $2,750,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
168 Santa Clara Ave, San Bruno, CA 94066

168 Santa Clara Ave, San Bruno, CA 94066

List: $2,695,000

Listed: 5/8/2024

Area:8,866 sqft
Price/sqft:$304
Beds:10
Baths:
Year Built:
Lot Size:8,763

Comparable Properties

COMPARABLE
Choose comps
168 Santa Clara Ave, San Bruno, CA 94066

168 Santa Clara Ave, San Bruno, CA 94066

Sale: $2,750,000

7/23/20240.00 mi

Area:8,866 sqft
Price/sqft:$310
Beds:10
Baths:
Year Built:
Weight:100.0%

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