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38-Unit Studio and One-Bedroom Property
For Sale
$9,450,000

100-106 N B, San Mateo, CA 94401

Knights Inn Apartments offers 34 studio and four 1-bedroom units with secured pool, covered carports, and on-site laundry.

Days on Market55

Property Features for 100-106 N B

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1960
Listing Agency:
Listed By: Compass
Source: Xome
Added: Jun 7 Changed: Jul 24 Last Checked: Jul 30 at 4:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

Knights Inn Apartments is a 38-unit multifamily property constructed in 1960 and set on a 24,944 square foot lot. The unit mix includes 34 studio units and four 1-bedroom/1-bath units, with two buildings totaling approximately 24,592 square feet of gross building area. SB-721 compliance is noted as complete, and a balcony rebuild has been completed. On-site amenities include a secured, fenced-in pool and coin-operated laundry.

Parking consists of 36 covered carports and four uncovered assigned spaces. Utilities are master metered by building for gas and electric.

The property is described as SB-721 compliant and positioned for potential additional utility billing through implementation of a Ratio Utility Billing System (RUBS), which is reflected in the provided pro forma as additional RUBS income. Current rents are described as averaging approximately $1,610 per month for studios and $2,085 per month for 1-bedroom/1-bath units.

Key Highlights

  • 38‑unit multifamily property in San Mateo at 100‑106 N. Bayshore Boulevard, built in 1960
  • Unit mix: 34 studios (~381 SF) and 4 one‑bedroom/one‑bath units (~570 SF)
  • Two buildings totaling ~24,592 SF on a 24,944 SF lot

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Auto Parts Store Pharmacy Big Box & Wholesale Store Storage Facility Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,897
Businesses Nearby

Demographics for 94401, CA

35,249
Population
13,798
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
11,371
Density / Sq Mi
$121,258
Median Household Income
$57,724
Median Earnings
$2,713
Median Rent
$1,123,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Knights Inn Apartments offers 34 studio and four 1-bedroom units with secured pool, covered carports, and on-site laundry.
Where is this apartment building located?
The property is located at 100-106 N B San Mateo, CA.
What is the asking price?
The asking price for this property is $9,450,000.
What are key features of this property?
This property features: 38‑unit multifamily property in San Mateo at 100‑106 N. Bayshore Boulevard, built in 1960; Unit mix: 34 studios (~381 SF) and 4 one‑bedroom/one‑bath units (~570 SF); Two buildings totaling ~24,592 SF on a 24,944 SF lot
More about this property
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