CO-OP GOES CONDO IN THE SAN FRAN BAY AREA 808 LAUREL CONDOMINIUMS Property Information Location 808 Laurel Ave San Mateo, CA 94401 SAN MATEO COUNTY Number of units 36 Converted to Condo 2015 As a Co-op As a Condo The Co-op was searching for a way to convert to condominium for some time but was hindered by municipal and state objections and legal issues. Hutton addressed all issues and convert- ed all units to condos without any need to change common elements (i.e. park- ing, access, etc.) and obtained state BRE approval (public report). While prices for condos were rising rapid- ly in the hot tech market, co-op unit val- ues in the building remained severely de- pressed. After conversion, unit values immediately increased by as much as 70% to 100%. Units

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