414 E 16th Avenue, San Mateo, CA 94402

San Mateo
Local realty services provided by:ERA Excel Realty
414 E 16th Avenue,San Mateo, CA 94402
$1,900,000
  • - Beds
  • - Baths
  • 3,325 sq. ft.
  • Multi-family
  • Active
Listed by: adam foley
Office: cbre, inc.408-453-7400
MLS#:ML82061457
Source:CRMLS

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...

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Home facts

  • Year built:1959
  • Listing ID #:ML82061457
  • Added:1 day(s) ago
  • Updated:September 18, 2026 at 11:32 AM

Rooms and interior

  • Living area:3,325 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle
  • Year built:1959
  • Building area:3,325 sq. ft.
  • Lot area:0.13 Acres
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$571.43
  • Tax amount:$27,340

Parking

  • Parking description:4 Carport Space(s), Covered
  • Carport spaces:4
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