38-Unit Apartment
100-106 North Bayshore Boulevard, San Mateo, CA 94401
For Sale
$9,450,000
Two buildings offer a mix of studio and one-bedroom apartments, with a pool, laundry, and covered parking.
Property Size24,592 SF
Lot Size0.57 Acres
Price / SF$384.27
Days on Market176
Property Features for 100-106 North Bayshore Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
pool
on-site laundry
36
Building Details
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Nate Gustavson · License #01898316
(415) 786-9410
Source:
Compass
Added: May 18
Changed: Nov 9
Last Checked: Nov 8 at 2:50PM
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
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Investment Insights
Based on property information with market context.
Built in 1960, this 38-unit apartment property consists of two buildings with approximately 24,592 square feet of gross building area on a 24,944-square-foot lot. The unit mix includes 34 studios of approximately 381 square feet each and four one-bedroom, one-bathroom apartments of approximately 570 square feet each. The property is zoned Commercial Multifamily, and its balcony rebuild is complete with SB-721 compliance noted.
At 100-106 N. Bayshore Boulevard in San Mateo, the property includes a fenced pool, coin-operated laundry, 36 covered carports, and four assigned uncovered spaces. Gas and electric service are master metered for each building.
At 100-106 N. Bayshore Boulevard in San Mateo, the property includes a fenced pool, coin-operated laundry, 36 covered carports, and four assigned uncovered spaces. Gas and electric service are master metered for each building.
Key Highlights
- 38 apartments across two buildings, with approximately 24,592 square feet of gross building area
- Unit mix: 34 studios of approximately 381 square feet and four one‑bedroom, one‑bath units of approximately 570 square feet
- 24,944‑square‑foot lot; built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$555,091
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,101,820
$11.1M
Cap Rate 7%
$7,929,871
$7.9M
Cap Rate 9%
$6,167,678
$6.2M
Market Conditions
NOI Build-Up for 24,592 SF
Gross rent
$1.06M $43.20/SF
− Vacancy
−$53.1K −$2.16/SF
EGI
$1.01M $41.04/SF
− OpEx
−$454.2K −$18.47/SF
NOI
$555.1K $22.57/SF
Area
San Mateo, CA
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,101,820
Cap Rate 7%
$7,929,871
Cap Rate 9%
$6,167,678
Alternative Uses
Best Use
Apartment 5plus
$7.93M
$6.94M – $9.25M
NOI $555,091 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.73M
$8.51M – $11.35M
NOI $680,864 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
38
Residential units
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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Business Placement
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
$1,123,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Mateo County, CA
Properties on Market for Apartment buildings in San Mateo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offer a mix of studio and one-bedroom apartments, with a pool, laundry, and covered parking.
Where is this apartment building located?
The property is located at 100-106 North Bayshore Boulevard 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 apartments across two buildings, with approximately 24,592 square feet of gross building area; Unit mix: 34 studios of approximately 381 square feet and four one‑bedroom, one‑bath units of approximately 570 square feet; 24,944‑square‑foot lot; built in 1960
