100106 N Bayshore Boulevard, San Mateo, California 94401

GROSS RENTS INCREASED (10-1-26) FROM $63, 000/YEAR TO $68, 000/YEAR — PRICE REDUCTION OF $550, 000!! — The 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 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). Current rents averaging approximately $1, 675/month for studios and $2, 195/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 Apts at 420 N. Bayshore Boulevard.