518 19th AVE Active Save Request In-Person Tour Request Virtual Tour
San Mateo,CA 94403
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,440 sqft
Price per Sqft $450
MLS Listing ID 425085735
Bedrooms 4
Full Baths 2
HOA Fees $252/ann
Year Built 1958
Lot Size 8,008 Sqft
Property Sub-Type Multi Family
Property Description
Fully renovated 7-unit multifamily in prime San Mateo near Downtown & Caltrain. Strong in-place income, covered parking, and clear rent-growth upside. Offered at $2.45M | 4.27% Cap. 518 19th Ave is a 7-unit apartment building featuring (4) large 1-bed/1-bath units and (3) spacious studios, six of which have been renovated with modern finishes, dual-pane windows, and updated interiors. The 5,440 SF building on a 7,841 SF lot offers covered parking, laundry income, and energy-efficient upgrades. Current rents range $1,795-$2,350 with market potential to $2,995, providing stable cash flow and long-term upside. Ideally located near El Camino Real, Hwy 101/280/92, Hillsdale Shopping Center, and Bay Meadows. A rare San Mateo multifamily investment opportunity near major employers and transit.
Location
State CA
County San Mateo
Area San Mateo
Interior
Laundry Coin Operated,Common Area
Exterior
Garage Spaces 7.0
Utilities Available Common Area Meter
Roof Type Tar/Gravel
Building
Lot Description Shape Regular
Foundation Concrete
New Construction Yes
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange