Updated Sep 8, 2026
Marcus & Millichap Brokers $5.65M Sale Of 10-unit Multifamily Property In San Mateo
2001 Parrott Drive
$5,650,000
Units
10
Asset Type
MultiFamily
Closing
Jul 21, 2026
About this deal
AI
A 10-unit multifamily property located at 2001 Parrott Drive in San Mateo, California, has been sold for $5,650,000, which translates to $565,000 per unit. The property sits on 0.35 acres and is situated in a supply-constrained Peninsula market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,650,000
- Units: 10
- Price Per Unit: $565,000
- Broker: Carlos Azucena - Marcus & Millichap
- Date of Sale: 07/21/2026
- Market: San Mateo, CA
The transaction was facilitated by Carlos Azucena of Marcus & Millichap, who represented the sale. The buyer acquired the original-owner asset as part of a 1031 exchange.
On the Map
$5,650,000
MultiFamily
View full map
San Mateo MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Carlos Azucena to view all their deals.
Browse San Mateo multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93