414 E 16th Avenue, San Mateo, CA 94402
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
414 E 16th Avenue,San Mateo, CA 94402
$1,900,000
- 2 Beds
- - Baths
- 3,325 sq. ft.
- Multi-family
- Active
Listed by: adam foley
Office: cbre, inc.
MLS#:ML82061457
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,900,000
- Price per sq. ft.:$571.43
About this home
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....
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Home facts
- Year built:1959
- Listing ID #:ML82061457
- Added:45 day(s) ago
- Updated:October 31, 2026 at 07:50 PM
Rooms and interior
- Bedrooms:2
- Living area:3,325 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1959
- Building area:3,325 sq. ft.
- Architectural Style:Quadruplex
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,900,000
- Price per sq. ft.:$571.43
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