San Mateo, CA 94401
$1,999,000
Bed
0
Bath
0
Living Space
4,556 SqFt
Year Built
1926
Lot Size
7,500 SqFt
Days
21
Excellent five-unit investment opportunity ideally located between Downtown San Mateo and Downtown Burlingame, offering convenient access to shopping, dining, Caltrain, major transportation routes, and Peninsula employment centers. The property features two one-bedroom units, one two-bedroom unit, and two studios, with current annual rents of approximately $122,580. Several units are rented below current market levels, creating significant long-term upside through future rent growth and thoughtful renovations. Renovated market rents are projected at approximately $181,800 annually, highlighting the property's compelling value-add potential. A rare opportunity to acquire a well-located Peninsula multifamily asset with strong in-place income, below-market rents, and meaningful future upside.
Listing provided courtesy ofJohn Sayage License 02068974 Compass
Data provided by MLSListings Inc.
- Lead Elementary School (Elementary) - GreatSchools rating 7/10 - Abbott Middle School (Middle) - GreatSchools rating 6/10 - Aragon High School (High) - GreatSchools rating 8/10 School District: San Mateo-Foster City School District
Within a 1-2 mile radius of the property, several parks are available. These include Washington Playground, Concar Park, and Fiesta Gardens, San Mateo. Additionally, de Anza Historical Park, Japanese Gardens, and East Hillsdale Park are also nearby. Coyote Point Recreation Area, offering a wide range of activities, is also within this range.
The neighborhood is located in Downtown San Mateo, a vibrant area known for its bustling commercial and entertainment district. This area features numerous shops, over 100 restaurants and cafes, and is home to Central Park. The community is active, with residents participating in various events and local organizations.
This location has a Walk Score of 99 out of 100, indicating it is a "Walker's Paradise" where most errands can be accomplished on foot. The Transit Score is 50 out of 100, signifying "Good Transit" with many nearby public transportation options. Key transit routes include the Express, Limited, and Local Weekday Caltrain lines, as well as bus lines such as 59, CSM College of San Mateo - Downtown San Mateo, and ECR Daly City BART - 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.
- Lead Elementary School (Elementary) - GreatSchools rating 7/10 - Abbott Middle School (Middle) - GreatSchools rating 6/10 - Aragon High School (High) - GreatSchools rating 8/10 School District: San Mateo-Foster City School District
Within a 1-2 mile radius of the property, several parks are available. These include Washington Playground, Concar Park, and Fiesta Gardens, San Mateo. Additionally, de Anza Historical Park, Japanese Gardens, and East Hillsdale Park are also nearby. Coyote Point Recreation Area, offering a wide range of activities, is also within this range.
The neighborhood is located in Downtown San Mateo, a vibrant area known for its bustling commercial and entertainment district. This area features numerous shops, over 100 restaurants and cafes, and is home to Central Park. The community is active, with residents participating in various events and local organizations.
This location has a Walk Score of 99 out of 100, indicating it is a "Walker's Paradise" where most errands can be accomplished on foot. The Transit Score is 50 out of 100, signifying "Good Transit" with many nearby public transportation options. Key transit routes include the Express, Limited, and Local Weekday Caltrain lines, as well as bus lines such as 59, CSM College of San Mateo - Downtown San Mateo, and ECR Daly City BART - 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.
