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Listed by Nate Gustavson • Compass

$2,048,000

Est. payment - /mo

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4 Beds

4 Baths

2,520 SqFt

New

94 E 39th AVE San Mateo, CA 94403

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Angie Sam-Lee

angiesamlee@kw.com +1(415) 279-2878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,520 sqft

Price per Sqft $812

MLS Listing ID ML82017012

Bedrooms 4

Full Baths 4

Year Built 1954

Lot Size 6,101 Sqft

Property Sub-Type Fourplex

Property Description

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.

Location

State CA

County San Mateo

Area San Mateo Village/Glendale Village

Zoning Multifamily Residential

Rooms

Kitchen Cooktop - Gas, Countertop - Other, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Carpet, Laminate, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Fiberglass,Shingle

Building

Story 2

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Level or Stories 2

Others

Tax ID 040-072-010

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Angie Sam-Lee

Agent | License ID: 02038655

+1(415) 279-2878

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94 E 39th AVE San Mateo, CA 94403

Angie Sam-Lee

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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