Pacific Boulevard, San Mateo, CA 94403
Spacious 5-unit apartment building near downtown San Mateo.
- Added:
- May 20, 2025
- Days on Market:
- 391
- Last Refresh:
- Apr 5 at 8:37 pm
Property Features for Pacific Boulevard
General Information
- Standard status
- Active
- Size
- 5,016 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing agent ROBIN NEYDAVOUD
Listing office REAL ESTATE SOURCE, INC. (650) 773-7936
Listing date May 20, 2025
Source Corcoran
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 REAL ESTATE SOURCE, INC.
HighLights
- Strong cashflow with very low vacancies and turnovers
- Convenient location near downtown San Mateo and Hillsdale Cal‑Train
- Five units: four 1‑bed/1‑bath and one 2‑bed/1‑bath
- Easy‑to‑manage apartment building
- New exterior painting and drought‑resistant landscaping
- Dual‑pane windows and individual water heaters
Overview
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 | $216.7k | $43.20 |
| − Vacancy | −$10.8k | −$2.16 |
| EGI | $205.9k | $41.04 |
| − OpEx | −$92.6k | −$18.47 |
| NOI | $113.2k | $22.57 |
Alternative Uses
Current Use by Public Records
Map
- City
- San Mateo
- County
- San Mateo
- State
- California
- Longitude
- -122.286
- Latitude
- 37.5304
