$1,900,000
 $10,200 est/mo Sourced by Back At You

414 E 16th Avenue,San Mateo, CA 94402

San Mateo, CA 94402

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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.

Details

MLS #ML82061457
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site43
Listing Provided ByCBRE, Inc. | Adam Foley

Features

SQ Feet3,325
Car PortYes
Story(s)2
Building(s)1
Zoningn/a
Acreage0.13

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofShingle
Foundation DetailsSlab

Parking

Parking FeaturesCovered
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Taxes

Property27340

Area Information

StateCA
CountySan Mateo
CitySan Mateo
Zip Code94402
Area699 Not Defined
Listing VS Median (in 94402)
Price:
$1,900,000
low | high
Med:
$1,850,000
52.631578947368% of Average
sqft:
3,325
low | high
Med:
1,651
100% of Average
$ / sqft:
$571
low | high
Med:
$1,159
52.862563988005% of Average
On site:
43
low | high
Med:
6.5
100% of Average
Sourced by Back At You

Market Activity 94402

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Additional Information

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountySan Mateo
CitySan Mateo
Zip Code94402
Area699 Not Defined
Listing VS Median (in 94402)
Price:
$1,900,000
low | high
Med:
$1,850,000
52.631578947368% of Average
sqft:
3,325
low | high
Med:
1,651
100% of Average
$ / sqft:
$571
low | high
Med:
$1,159
52.862563988005% of Average
On site:
43
low | high
Med:
6.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.425M - $2.375M
sqft: 2,000 - 4,000
Nearby Listings Property ImageNearby Listings Details
155 12th Avenue Property Photo 1
$2,250,000
155 12th Avenue
San Mateo, CA 94402
934 S Delaware Street Property Photo 1
$1,825,000
934 S Delaware Street
San Mateo, CA 94402
Listing Updated: October 20, 2026 at 11:25:33 AM PDT