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Knights Inn Apartments, located at 100-106 N. Bayshore Boulevard in San Mateo, presents a rare 38-unit multifamily investment opportunity in San Mateo. The property offers a unit mix of thirty-four (34) studios (~381 sqft) and four (4) 1-Bedroom/1-Bath units (~570 sqft). Constructed in 1960 and situated on a 24,944 sqft lot, with approximately 24,592 sqft of gross building area across two (2) buildings. SB-721 COMPLIANT, BALCONY REBUILD COMPLETED, eliminating a significant capital expenditure obligation and providing investors with a clean compliance profile at close. The property further features a secured fenced-in pool, on-site coin-operated laundry, and 36 covered carports + 4 uncovered assigned spaces. Gas and electric utilities are master metered for each building, presenting a direct value-add opportunity through implementation of a Ratio Utility Billing System (RUBS), a strategy not currently utilized under existing ownership. The pro forma reflects an estimated $45,600 in additional RUBS income upon implementation.Current rents averaging approximately $1,610/month for studios and $2,085/month for 1-Bed/1-Bath units reflect meaningful upside to market rents of $2,100 and $2,395 respectively, as validated by the nearby Country Club Apartments at 420 N. Bayshore Boulevard.
Property Type(s):
Commercial
| Last Updated | 6/10/2026 | Year Built | 1960 |
|---|---|---|---|
| Community | 699 - Not Defined | County | San Mateo |
SCHOOLS
| Elementary School | Other |
|---|---|
| Jr. High School | Other |
| High School | San Mateo |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 699 - Not Defined |
| HEAT | Wall Furnace |
| LOT | 0.5726 acre(s) |
| LOT DIMENSIONS | 24944 |
| TAXES | 105849 |
| WATER | Public |
Location
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Listed with Compass
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