San Mateo, CA 94402
$1,900,000
Bed
0
Bath
0
Living Space
3,325 SqFt
Year Built
1959
Lot Size
5,789 SqFt
Days
14
414 E 16th Ave (the Property) is a four-unit multifamily asset built in 1959, situated on a two-story, slab-on-grade structure of stucco and wood construction in San Mateo's Hayward Park submarket. The Property features a unit mix of two (2) studio floorplans and two (2) one-bedroom/one-bathroom floorplans, averaging 775 square feet. The Property is 100% occupied as of August 2026. The Property offers a new owner a rare combination in this submarket: a fully occupied, free and clear fourplex with copper supply lines, dual-paned vinyl windows building-wide, on-site laundry, and covered tuck-under parking. In-place rents average $2,129 per unit, against market rents of $2,375 per unit, a loss-to-lease of 11.5%. A light interior renovation program, budgeted at $18,750 per unit, supports renovated rents of $2,750 per unit, or a 15.8% premium to current market. The Property's location places residents between Highway 101 and Interstate 280, within a short drive of Peninsula employers including Sony Interactive Entertainment, Roblox, GoPro, and Franklin Templeton in San Mateo, Oracle in Redwood Shores, and Meta in Menlo Park. Hillsdale Caltrain and the Bay Meadows mixed-use development are both nearby, and Hillsdale Shopping Center provides additional dining and retail options.
Listing provided courtesy ofAdam Foley License 02144332 CBRE, Inc.
Data provided by MLSListings Inc.
- Parkside Montessori (Elementary) - GreatSchools rating 9/10 - Borel Middle School (Middle) - GreatSchools rating 8/10 - Aragon High School (High) - GreatSchools rating 7/10 School District: San Mateo-Foster City School District
Within a 1-2 mile radius of 414 16th Avenue, San Mateo, CA, 94402, several parks are available. These include San Mateo Central Park, which features a Japanese Garden and rose garden, and Beresford Park, known for its community garden and skate park. Martin Luther King Park, with its community center and playground, is also nearby.
The neighborhood surrounding 414 16th Avenue is part of the Downtown San Mateo area. This area is characterized by a mix of family-run restaurants, everyday services, and local businesses. It offers a vibrant atmosphere with numerous dining options, including Mexican, Japanese, and Indian cuisines, as well as shops and community services.
This location has a Walk Score of 99 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. The Transit Score is not explicitly listed but is described as "Good Transit" with many nearby public transportation options. Verified transit routes include Caltrain (Express, Local Weekday, Limited, Local Weekend) and multiple bus lines such as the 59, CSM College of San Mateo - Downtown San Mateo, ECR Daly City BART - Palo Alto Transit Ctr, and 397 San Francisco - Palo Alto Transit Ctr.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Parkside Montessori (Elementary) - GreatSchools rating 9/10 - Borel Middle School (Middle) - GreatSchools rating 8/10 - Aragon High School (High) - GreatSchools rating 7/10 School District: San Mateo-Foster City School District
Within a 1-2 mile radius of 414 16th Avenue, San Mateo, CA, 94402, several parks are available. These include San Mateo Central Park, which features a Japanese Garden and rose garden, and Beresford Park, known for its community garden and skate park. Martin Luther King Park, with its community center and playground, is also nearby.
The neighborhood surrounding 414 16th Avenue is part of the Downtown San Mateo area. This area is characterized by a mix of family-run restaurants, everyday services, and local businesses. It offers a vibrant atmosphere with numerous dining options, including Mexican, Japanese, and Indian cuisines, as well as shops and community services.
This location has a Walk Score of 99 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. The Transit Score is not explicitly listed but is described as "Good Transit" with many nearby public transportation options. Verified transit routes include Caltrain (Express, Local Weekday, Limited, Local Weekend) and multiple bus lines such as the 59, CSM College of San Mateo - Downtown San Mateo, ECR Daly City BART - Palo Alto Transit Ctr, and 397 San Francisco - Palo Alto Transit Ctr.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
