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580 Chestnut St 2 Unit Apartment Building $4,078,110 CAD ($2,039,055 CAD/Unit) 2.35% Cap Rate San Carlos, CA 94070
Investment Highlights
- Prime San Carlos Corner Lot
- Flexible Multi-Use Property
- 2 Properties, 2 Addresses, 1 Parcel
Executive Summary
Exceptional investor/development opportunity in the heart of San Carlos! Set on a prime corner lot this property presents a rare two-address configuration on one parcel. Featuring a 6BD/4BA main house at 590 Chestnut with a separate 1BD/1BA apartment at 580 Chestnut. Currently operating as an assisted care facility, the property offers immediate functional use with long-term potential for an investor, developer, or owner-user seeking a flexible asset in a highly desirable location. Just moments from vibrant downtown San Carlos, Laurel St. shops and restaurants, Caltrain, and Sequoia Hospital. The property also enjoys convenient access to a variety of community amenities, including the San Carlos Adult Community Center, City Hall, the San Carlos Library, Police Department, Burton Park, the San Carlos Dog Park, and the San Carlos Youth Center, all within approximately a five-minute walk. A rare chance to acquire a flexible property in a coveted San Carlos setting.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$152,349
|
$15.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$152,349
|
$15.70
|
| Taxes |
$50,976
|
$5.25
|
| Operating Expenses |
$5,346
|
$0.55
|
| Total Expenses |
$56,321
|
$5.80
|
| Net Operating Income |
$96,028
|
$9.90
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $152,349 |
| Annual Per SF | $15.70 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $152,349 |
| Annual Per SF | $15.70 |
| Taxes (CAD) | |
|---|---|
| Annual | $50,976 |
| Annual Per SF | $5.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,346 |
| Annual Per SF | $0.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,321 |
| Annual Per SF | $5.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,028 |
| Annual Per SF | $9.90 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer
- Heating
- Kitchen
- Yard
- Dining Room
- Family Room
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Wheelchair Accessible
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 1 | $9,601 CAD | 4,050 |
| 1+1 | 1 | $3,095 CAD | 750 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 050-061-110 | Total Assessment | $1,457,137 CAD (2026) |
| Land Assessment | $521,010 CAD (2026) | Annual Taxes | $50,976 CAD ($10.62 CAD/SF) |
| Improvements Assessment | $936,127 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
050-061-110
Land Assessment
$521,010 CAD (2026)
Improvements Assessment
$936,127 CAD (2026)
Total Assessment
$1,457,137 CAD (2026)
Annual Taxes
$50,976 CAD ($10.62 CAD/SF)
Tax Year
2025
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580 Chestnut St
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