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 $113,300/year with an in place 4.00% cap rate and 16.13 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.
For sale
Price cut: $220K (10/7)
$1,828,000
94 E 39th Ave, San Mateo, CA 94403
--beds
--baths
2,520sqft
Est.:
Quadruplex
Built in 1954
-- sqft lot
$1,734,000 Zestimate®
$725/sqft
$-- HOA
What's special
Modern flooringQuartz countertopsUpdated appliancesHis-and-hers closetsCovered carportIndividual water heaters
- 65 days |
- 470 |
- 12 |
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