414 E 16th Avenue, San Mateo, CA — listing photo 1
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FOR SALENew Listing

414 E 16th Avenue

San Mateo, CA 94402
3,325 Sq Ft
Built 1959
$1,900,000

Property Overview

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.

Home Details

Property type
Residential Income - Quadruplex
Year built
1959
Living area
3,325 sq ft
Lot size
5,789 sq ft
Carport
4 spaces
Stories
2
Days on market
0
MLS status
Active
Zoning
n/a

Features & Amenities

Parking

  • Covered

Community, Schools & Utilities

Community

Annual property tax
$27,340

Schools

School district
Other

Utilities

Heating
WallFurnace
Cooling
None
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

414 E 16th Avenue

San Mateo, CA 94402

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Frequently Asked Questions About 414 E 16th Avenue

Property type: Residential Income

The current asking price is $1,900,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 414 E 16th Avenue. Our team will confirm availability and timing.
This property offers approximately 3,325 square feet of living space. It was built in 1959. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Mateo, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Mateo property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Adam Foley
MLS ID: ML5108517

Available property

$1,900,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.