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414 E 16th Avenue

San Mateo, CA 94402
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Bed 2

Bed

Bath 0

Bath

SqFt3,325

Sqft

SqFt5,789

Sqft(Lot)

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 reno vated 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,900,000

AD Id : 91288988

MLS Id : ML82061457

Beds : 2

Lot Size : 5,789 Sq. Ft

Living Area Size : 3,325 Sq. Ft

Tax Amount : $27,340

Year Built : 1959

County : San Mateo

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Feature Features

  • Interior Features

    Roof: Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: None

  • Building Information

    Year Built: 1959
    Building Area Total: 3325
    Private Pool: No

  • Lot Information

    Main Square Feet: 5789 Lot Size Acres: 0.1329 Lot Size Source: Assessor Lot Size Square Feet: 5,789

  • Listing Price Information

    Listing Price: $1900000

  • Tax Information

    Parcel Number: 035072110 Annual Tax: $27340

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
109 Hobart Avenue, San Mateo, CA, 94402 $2,526,000 6 -- 3,686 8,750 Sq. Ft
16 W Bellevue Avenue, San Mateo, CA, 94402 $3,850,000 8 -- 3,856 6,377 Sq. Ft

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ByOwner last updated this listing 09/18/2026 @ 18:47

MLS: ML82061457 LISTED BY: Adam Foley, CBRE, Inc. 408-453-7400 SOURCE: CRMLS

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