CA
San Mateo
SAN MATEO
94403
94 E 39th Avenue
94 E 39th Avenue, SAN MATEO, CA 94403
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Listing Type
Multi Family
Listing Status
active
43
$2,048,000

Home Details for 94 E 39th Avenue

Price
$2,048,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
2520
Year built
1954
Lot size acres
0.1401
County
San Mateo
Garage
Days on site
32
MLS Listing#
ML82017012
Listed By: Compass - 415-874-5000
Listed By: Nate Gustavson
Property Description

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 $113,000/year with an in place 3.41% cap rate and 18.12 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.

Property Features
  • Parking
    • Carport
    • Assigned
  • Cooling Information
    • Ceiling Fan(s)
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
School Information
School Information for 94 E 39th Avenue, SAN MATEO, CA 94403
Elementary School
Beresford Elementary
Middle School
Abbott Middle
High School
Hillsdale High
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-10-03 04:35:38
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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