San Mateo Multifamily Investment
1101 Tilton Avenue San Mateo, CA 94401
1101 Tilton Avenue, San Mateo, CA, 94401
$5,500,000
For Sale
$5,500,000
Well-maintained 12-unit apartment building in desirable San Mateo location.
Property Size7,756 SF
Price / SF$709.13
Days on Market404
Property Features for 1101 Tilton Avenue
General Information
- Standard status
- Active
- Size
- 7,756 SF
Building Details
- Year Built
- 1954
Listing Agency
KELLER WILLIAMS PALO ALTO
Listed by
SABRINA WEIDNER
Source
Corcoran
Added: Jun 9, 2025 Checked: Mar 16 at 9:09 am
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 KELLER WILLIAMS PALO ALTO
Investment Insights
Based on property information with market context.
The property at 1101 Tilton Avenue is a well-maintained 12-unit apartment building located in the North Central neighborhood of San Mateo. The property contains only one-bedroom floor plans. The units are currently leased between $2,450 and $2,850 per month, providing strong rental income. The property's size is 7,756 square feet. The location provides convenient access to shopping, dining, and entertainment in downtown San Mateo. Highway 101 and Route 92 are nearby, offering ease of access for commuters. This property represents an investment opportunity for those seeking an income-generating asset in a desirable location.
Key Highlights
- Strong rental income with units currently leased between $2,450 and $2,850 per month.
- Highly desirable North Central San Mateo neighborhood location.
- Well‑maintained 12‑unit property.
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 | $335.1k | $43.20 |
| − Vacancy | −$16.8k | −$2.16 |
| EGI | $318.3k | $41.04 |
| − OpEx | −$143.2k | −$18.47 |
| NOI | $175.1k | $22.57 |
7,756 SF · lease $43.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.50M
$2.19M – $2.92M
NOI $175,068 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,736 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit apartment building in desirable San Mateo location.
Where is this apartment building located?
The property is located at 1101 Tilton Avenue San Mateo, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Strong rental income with units currently leased between $2,450 and $2,850 per month.; Highly desirable North Central San Mateo neighborhood location.; Well‑maintained 12‑unit property.
