94 E 39th Avenue, San Mateo, CA 94403
Local realty services provided by:ERA Excel Realty



94 E 39th Avenue,San Mateo, CA 94403
$2,048,000
- - Beds
- - Baths
- 2,520 sq. ft.
- Multi-family
- Active
Listed by:nate gustavson
Office:compass
MLS#:ML82017012
Source:CRMLS
Price summary
- Price:$2,048,000
- Price per sq. ft.:$812.7
About this home
94 East 39th Avenue is beautifully updated four (4) unit multifamily asset in a prime San Mateo location, ideal for investors or owner-users. Located in the quiet San Mateo Village neighborhood just five (5) blocks from Hillsdale Shopping Center, the property features four spacious 1-Bedroom/1-Bath units (~630 sqft), all tastefully renovated with quartz countertops, updated appliances, modern flooring, and upgraded electrical. His-and-hers closets and individual water heaters add comfort, ample hot water and convenience for the tenants. --- Situated on a 6,101 square foot lot, the building includes four (4) covered carport, a bonus side yard with potential for added parking or storage, and an on-site laundry room with owned washer/dryer machines for additional income. --- Tenants enjoy proximity to Hillsdale Mall, Trader Joes, Whole Foods, and multiple public parks. The property provides easy access and is a short walk to El Camino Real, Hwy 92, Hwy 101, and Caltrain. Current annual income exceeds $113,000/year with an in place 3.41% cap rate and 18.12 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.
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Home facts
- Year built:1954
- Listing Id #:ML82017012
- Added:12 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Rooms and interior
- Living area:2,520 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Composition, Fiberglass, Shingle
- Year built:1954
- Building area:2,520 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:Hillsdale
- Middle school:Other
- Elementary school:Other
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,048,000
- Price per sq. ft.:$812.7
- Tax amount:$23,067
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