414 E 16th Avenue, San Mateo, CA 94402

San Mateo
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
414 E 16th Avenue,San Mateo, CA 94402
$1,900,000
  • 2 Beds
  • - Baths
  • 3,325 sq. ft.
  • Multi-family
  • Active
Listed by: adam foley
Office: cbre, inc.
MLS#:ML82061457
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$571.43

About this home

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...

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Home facts

  • Year built:1959
  • Listing ID #:ML82061457
  • Added:52 day(s) ago
  • Updated:November 08, 2026 at 03:45 PM

Rooms and interior

  • Bedrooms:2
  • Living area:3,325 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1959
  • Building area:3,325 sq. ft.
  • Architectural Style:Quadruplex

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$571.43
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 8, 2026

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