San Mateo Multifamily Investment
1101 Tilton Ave San Mateo, CA 94401
1101 Tilton Ave, San Mateo, CA, 94401
$4,998,000
For Sale
$4,998,000
12-unit apartment building in a prime San Mateo location.
Property Size7,756 SF
Lot Size0.20 Acres
Price / SF$644.40
Days on Market106
Property Features for 1101 Tilton Ave
General Information
- Standard status
- Active
- Size
- 7,756 SF
- Lot size
- 0.20 Acres
- Property subtype
- Multifamily
Listing agency
Marcus & Millichap - Palo Alto
(650) 391-1735
Listed by
Cole Simpson · License #License(s): CA: 02016525
(650) 391-1735
Source
Marcusmillichap
Added: Apr 8 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:05AM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
The property at 1101 Tilton Ave is a 12-unit apartment community in San Mateo, California. Constructed in 1954, the building has a gross area of approximately 7,756 square feet and is situated on an 8,562 square foot parcel of land. The property features one-bedroom floor plans. The location is within one mile of San Mateo Central Park and Downtown San Mateo, which offers shopping, dining, and entertainment. The property is near U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and El Camino Real, providing access to San Francisco and San Jose and proximity to tech employers including Google, Facebook, Stanford, Box Inc., Visa, and Sony. The investment appeal is driven by San Mateo's employment fundamentals and low vacancy levels.
Key Highlights
- Prime location in San Mateo, strategically situated between San Francisco and San Jose.
- Close proximity to major transportation corridors (U.S. Highway 101, California State Route 92, Caltrain, El Camino Real).
- Located within one mile of San Mateo Central Park and Downtown San Mateo's high‑end shopping, dining, and entertainment.
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 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,736 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 12-unit apartment building in a prime San Mateo location.
Where is this apartment building located?
The property is located at 1101 Tilton Ave San Mateo, CA.
What is the asking price?
The asking price for this property is $4,998,000.
What are key features of this property?
This property features: Prime location in San Mateo, strategically situated between San Francisco and San Jose.; Close proximity to major transportation corridors (U.S. Highway 101, California State Route 92, Caltrain, El Camino Real).; Located within one mile of San Mateo Central Park and Downtown San Mateo's high‑end shopping, dining, and entertainment.
