8125 La Honda Road

Redevelopment or Investment Opportunity or Communal Compound. AS-IS sale. Pls do not disturb tenants. Addt'l 2 APNs 083-180-070 & -080, total approx 1.43 ac. Very pretty creekside location of legendary Boots & Saddles Restaurant. Land is mostly flat, sloping gently down at back to creek. Site of (now removed) rest bldg is a lovely grassy area for enjoyment of all tenants. Open parking for many vehicles off-road, w/plenty of room for safe turnaround. 4 rental homes of unknown age - 3 could be 100 yrs old +/-, one is newer. These homes are always rented & in high demand by local people, low vacancy rate. Current low rents reflect that tenants do some general maintenance. Compensation for oversight by one long-term tenant of 20 yrs is equivalent of 2 months rent. Private/mutual water system maintained by San Mateo Co, Service Area #7. Buyer to do own investigations & verify all information, incl sq.ft of buildings, sq.ft of parcels, zoning, permits. Per SM county, zoned H1.