45 N Ellsworth Avenue, San Mateo, CA 94401

Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
45 N Ellsworth Avenue,San Mateo, CA 94401
$1,950,000
  • 4 Beds
  • - Baths
  • 3,290 sq. ft.
  • Multi-family
  • Active
Listed by:don sung
Office:colliers parrish international, inc.
MLS#:ML82014040
Source:CA_BRIDGEMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$592.71

About this home

Excellent Opportunity Reposition or Redevelop 2 Transit-Oriented Apartment Home Units (Walk to San Mateo Cal-Train Station / Walk Score: 97). 2 Existing 2 BR/1 Bath Townhouse Units To Be DELIVERED VACANT at COE. 4 Options to Add Value: (1) Build 14 Apartment Units Up to 6-Stories, 19,080 SF (FAR: 3.0 / R-5 Zoning); (2) Build 2 Single Family Homes; (3) Renovate Interior to (2) 3 BR/3 BA Townhomes w/ $6,500/Month Rental Potential; (4) Renovate Existing Interior Units as 2 BR/1 1/4 Bath. Each Unit Offers Spacious Private Yards. Front Yard (45 N. Ellsworth) / Rear Yard (47 N. Ellsworth). Very Easy-to-Rent Units & Desirable Rental Location. Very Low Operating Costs: All Utilities Paid by Tenants (Separate Meters & Services). Easy Access to Major Technology Employers in the Mid-Peninsula: Visa, Genentech, EA, Meta, Google, Stanford, etc. Easy Access to El Camino Real, Highway 101, 92, 280. Current CAP Rate: 3.54% / Current GRM: 17. Pro-Forma CAP Rate: 5.51% / Pro-Forma GRM: 12. Building SF:

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Home facts

  • Year built:1936
  • Listing Id #:ML82014040
  • Added:36 day(s) ago
  • Updated:August 15, 2025 at 02:32 PM

Rooms and interior

  • Bedrooms:4
  • Living area:3,290 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1936
  • Building area:3,290 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$592.71