Property Overview:
786 Elm St is a multi-family apartment complex in San Carlos, CA, built in 1963. The property features 20 bedrooms, 2 bathrooms, and 15,867 sq. ft. of living space. It includes a parking garage, carport spaces with extra storage, and a central common courtyard. The building has been well maintained, with a new energy-efficient roof installed in 2017.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 3.3% (lower than state average of 11.8%).
- Property crime risk: 4.5% (lower than state average of 10.8%).
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Schools:
Nearby schools include Central Middle, Arroyo, Redwood High, and San Mateo County Special Education.- Average SAT score: 1039 (higher than state average of 975).
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Job Market:
- 71.4% white-collar jobs, 28.6% blue-collar jobs.
- Unemployment rate: 1.8% (lower than state average of 4.7%).
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Demographics:
- Community population: 28,104 (13% growth since 2000).
- 68% families with children.
- Largest age group: 45-54 years (17.6%), followed by 35-44 years (17.2%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 52.1°F (January), 76.8°F (July).
- Average rainfall: 20.3 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $100,859.
- Average annual spending: $69,772.
Property Features:
- First time ever on the market; built by the owners’ family in 1963.
- New roof (2017): White IB PVC single ply cool roof, energy star, Title 24 compliant.
- Well-maintained with long-term tenants (since 2006).
- Large, open, and bright units with central courtyard.
- Ample carport parking and extra storage.
- Separate laundry room with 2 newer washer/dryer sets.
- Remodeled 1 Bed/1 Bath units:
- New wood flooring, recessed lighting, updated kitchens with dishwashers,
- Dual pane, privacy-tinted windows, large closets, and updated bathrooms.
- No pets allowed.
- Owner pays water and garbage; tenant pays PG&E and other utilities.
Location Benefits:
- Prime location: Walking distance to downtown Laurel St, City Center, dog park, library, excellent schools, and public transportation.
- Vibrant downtown: Close to grocery market, restaurants, bars, coffee shops, banks, and post office.
- San Carlos Caltrain station just a few blocks away.
- Ideal for families and commuters.
- Low crime, excellent schools, and strong job market make this a highly desirable community.