414 E 16th AVE, San Mateo, CA 94402
414 E 16th AVE, San Mateo, CA 94402
414 E 16th AVE, San Mateo, CA 94402
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Adam Foley • CBRE, Inc., DRE#02144332
$1,900,000
Est. payment /mo
2 Beds
4 Baths
3,325 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,325 sqft

Price per Sqft $571

MLS Listing ID ML82061457

Bedrooms 2

Full Baths 4

Year Built 1959

Lot Size 5,789 Sqft

Property Sub-Type Fourplex

Property Description

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 including Sony Interactive Entertainment, Roblox, GoPro, and Franklin Templeton in San Mateo, Oracle in Redwood Shores, and Meta in Menlo Park. Hillsdale Caltrain and the Bay Meadows mixed-use development are both nearby, and Hillsdale Shopping Center provides additional dining and retail options.

Location

State CA

County San Mateo

Area Hayward Park

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Covered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Shingle

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 035-072-110

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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