12-Unit Apartment
1101 Tilton Avenue San Mateo, CA 94401
For Sale
$5,180,000
12-unit apartment community on an 8,562 square-foot parcel, built in 1954, offering one-bedroom floor plans.
Property Size7,756 SF
Lot Size0.20 Acres
Price / SF$667.87
Days on Market198
Property Features for 1101 Tilton Avenue
General Information
Standard status
Active
Size
7,756 SF
Lot size
0.20 Acres
Property subtype
General Commercial
Building Details
Year Built
1954
Listing Agency:
Marcus & Millichap
(650) 391-1700
Listed By:
Cole Simpson · License #02016525
Source:
Xome
Added: Jan 10
Changed: Jul 22
Last Checked: Jul 23 at 3:44AM
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
Investment Insights
Based on property information with market context.
1101 Tilton Avenue is a 12-unit apartment community originally constructed in 1954. The property comprises approximately 7,756 square feet of gross building area and features one-bedroom floor plans for its residents.
The building is located in San Mateo, California, between San Francisco and San Jose, with access to major transportation corridors including U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and El Camino Real. The location is also described as being within one mile of San Mateo Central Park and Downtown San Mateo.
For investors and operators seeking a small multifamily asset, this property provides a straightforward 12-unit configuration with existing one-bedroom unit layouts in place.
The building is located in San Mateo, California, between San Francisco and San Jose, with access to major transportation corridors including U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and El Camino Real. The location is also described as being within one mile of San Mateo Central Park and Downtown San Mateo.
For investors and operators seeking a small multifamily asset, this property provides a straightforward 12-unit configuration with existing one-bedroom unit layouts in place.
Key Highlights
- 12‑unit apartment community on an 8,562 sq ft parcel
- Built in 1954 with approximately 7,756 sq ft gross building area
- Zoned R3
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 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,736 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit apartment community on an 8,562 square-foot parcel, built in 1954, offering one-bedroom floor plans.
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 $5,180,000.
What are key features of this property?
This property features: 12‑unit apartment community on an 8,562 sq ft parcel; Built in 1954 with approximately 7,756 sq ft gross building area; Zoned R3
