REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,900,000

Est. payment - /mo

3,325 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,325 sqft

Price per Sqft $571

MLS Listing ID ML82061457

HOA Y/N No

Year Built 1959

Annual Tax Amount $27,340

Lot Size 5,789 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County San Mateo

Area 699 - Not Defined

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Covered

Carport Spaces 4

View Y/N No

Roof Type Shingle

Accessibility None

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 035072110

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Adam Foley CBRE, Inc. #02144332

Nearby School & Business

Get More Information

Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

Quick Search

414 E 16th AVE San Mateo, CA 94402

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information