100106 Bayshore Boulevard, San Mateo, CA 94401
38-unit apartment property with studio and 1-bedroom units, secured pool, and on-site laundry.
- Added:
- Jun 8, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 15 at 4:22 am
Property Features for 100106 Bayshore Boulevard
General Information
- Standard status
- Active
- Size
- 24,592 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1960
Listing agent Compass
Listing office (415) 874-5000
Listing date Jun 8, 2026
Source Xome
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
HighLights
- Knights Inn Apartments: 38‑unit multifamily property built in 1960 at 100‑106 N. Bayshore Boulevard, San Mateo.
- Unit mix includes 34 studio units (~381 SF) and 4 one‑bedroom/one‑bath units (~570 SF).
- Approximately 24,944 SF lot with about 24,592 SF gross building area across two (2) buildings.
- SB‑721 compliant; balcony rebuild completed, removing a major compliance capital expenditure item.
- Secured fenced‑in pool plus on‑site coin‑operated laundry.
- Utilities are master metered by building (gas and electric); potential RUBS value‑add not currently used under existing ownership.
Overview
The property is located at 100-106 N. Bayshore Boulevard in San Mateo and sits on a 24,944 square-foot lot. Utilities are master metered for each building using separate gas and electric meters, which provides clear operational separation between the two structures.
For buyers and operators, the existing configuration supports straightforward tenancy across studios and one-bedroom units, with practical on-site amenities and covered parking. The property also presents an operational focus point: the gas and electric billing is currently set up without a Ratio Utility Billing System (RUBS), which the provided materials identify as an unutilized strategy. The pro forma included in the remarks estimates approximately $45,600 in additional RUBS income following implementation, and current rents are stated as averaging about $1,610 per month for studios and $2,085 per month for the one-bedroom units.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.06M | $43.20 |
| − Vacancy | −$53.1k | −$2.16 |
| EGI | $1.01M | $41.04 |
| − OpEx | −$454.2k | −$18.47 |
| NOI | $555.1k | $22.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Mateo
- County
- San Mateo
- State
- California
- Longitude
- -122.323116
- Latitude
- 37.580272
