Sales » 412 E Bellevue

412 E Bellevue,
San Mateo

Status: Sold

Price: $2,050,000

Year: November 2024

Details:

This multifamily property, located near Downtown Burlingame, has been sold for $2,050,000. Featuring six one-bedroom, one-bathroom units—three of which include bonus rooms—this property offered a compelling investment opportunity.

With updated building systems, unit renovations, and a strong 5.78% cap rate, the property presented a balanced blend of modern amenities and steady income potential. Priced at $341,667 per unit, this sale highlights the continuing demand for well-maintained multifamily investments in the sought-after North Central San Mateo area.

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