505 Cypress Ave

• Rare Investment Opportunity to Purchase a 45 Unit SRO Hotel 100% Leased to the County of San Mateo.

• This Project is a Collaboration Between the City of South San Francisco, Telecare Corporation and Behavioral Health and

Recovery Services, Aims to Improve the Quality of Housing for 45 Adults Living in this SRO Hotel.

• 10 Year Net Lease (Except for Fire Insurance & Real Property Taxes), which Commenced on March 1 st, 2022, and Expires on February 28th, 2032.

• 3.50% Annual Rent Increases.

• 12,587± SF Building with 45 SRO Units on a 7,680± SF Lot.

• Built in 1917.

• Located in the DRC – Downtown Residential Core Zoning Designation.

• The Property is Located on Cypress Ave off Airport Blvd and Lux Ave, only 4.6 Miles Away from San Francisco

International Airport.