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 Details
Price:
$2,048,000
MLS #:
ML82017012
Status:
Active
Baths:
0
Address:
94 E 39th Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
San Mateo
Listed Date:
Aug 5, 2025
State:
CA
ZIP:
94403
Lot Size:
6,101 sqft / 0.14 acres (approx)
Year Built:
1954
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Schools
Interior
Accessibility Features
None
Appliances
Gas Cooktop, Refrigerator
Flooring
Carpet, Laminate
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Parking Features
Carport
Parking Spots
2.00
Roof
Composition, Fiberglass, Shingle
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Taxes
$23,067
Map
Community
- Address94 E 39th Avenue San Mateo CA
- Area699 – Not Defined
- CitySan Mateo
- CountySan Mateo
- Zip Code94403
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94 E 39th Avenue
San Mateo, CA
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