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NORTHERN CALIFORNIA NEWS
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San Mateo Apartment Property Sells for $670k/Unit

5/17/19

Pacific Gardens, a 38-unit townhouse-style apartment community in the Bay Area city of San Mateo, sold for $25.5 mil ($671k/unit). Pacific Gardens is located at 25 McAker Ct, just off El Camino Real at the 92 Fwy.

Constructed in 1993, Pacific Gardens is surrounded by a growing number of major employers, including some of the nationís top tech giants, which makes it an attractive asset to investors. Oracle, Sony, Visa, and GoPro are all located within five miles of the property with Facebook just over 11 miles from the community. The apartment community is also located near several public transportation hubs that provide direct access to the Bay Areaís top destinations, as well as a variety of retail, dining and entertainment options.

Community amenities include large two-story townhouse units with two-bedroom and two-and-a-half bathrooms as well as in-unit washers and dryers, private patios, in-unit fireplace, underground parking and individual storage.

Adam Levin and Robert Johnston with Levin Johnston represented both unnamed parties in the transaction.




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