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Fourplex with Updated 2-Bed Units
For Sale
$3,850,000

16 W Bellevue Ave, San Mateo, CA 94402

Four 2-bedroom, 1-bath units each with approximately 1,000 sf, plus multiple recent capital improvements.

Property Size3,856 SF
Days on Market19

Property Features for 16 W Bellevue Ave

General Information

Standard status Active
Size 3,856 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $49,275

Building Details

Building Size 3,856 SF
Year Built 1947
Stories 2
Units 4
Listing Agency: COMPASS
Listed By: Bryan Danforth · License #01789680
Source: Elliman
Added: Jul 25 Changed: Aug 8 Last Checked: Aug 12 at 8:15AM

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

Investment Insights

Based on property information with market context.

This fourplex includes four 2-bedroom, 1-bath units, each approximately 1,000 square feet. The units have been updated with features such as granite counters and subway tile wainscoting, crown molding, arched walkways, custom cherry cabinets, and Restoration Hardware fixtures. Additional in-unit upgrades include double-paned windows with plantation shutters and an energy-efficient washer and dryer in each unit.

The property is described as west of El Camino Real and bordering the Hillsborough neighborhood, at 16 W Bellevue Ave in San Mateo, CA. Recent improvements include a new roof in 2021, new water heaters, sewer lateral work in 2019, and a new sewer line and cleanout, along with new plumbing valves.

The information provided also notes the possibility of adding an ADU by converting garage parking into an additional unit or two. BikeScore, WalkScore, and transitScore are listed as 61, 67, and 41 respectively.

Key Highlights

  • 1947‑built fourplex with four 2‑bed, 1‑bath units, each approx. 1,000 sf
  • All units updated with granite counters, subway tile wainscoting, crown molding, custom cherry cabinets, and Restoration Hardware fixtures
  • Recent major improvements include new roof (2021), new water heaters, new sewer lateral (2019), and new sewer line/cleanout

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Fish Market Pet Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,897
Businesses Nearby

Demographics for 94402, CA

25,879
Population
10,623
Households
2.4
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
5,074
Density / Sq Mi
$179,683
Median Household Income
$104,257
Median Earnings
$3,476
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units each with approximately 1,000 sf, plus multiple recent capital improvements.
Where is this quadplex located?
The property is located at 16 W Bellevue Ave San Mateo, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 1947‑built fourplex with four 2‑bed, 1‑bath units, each approx. 1,000 sf; All units updated with granite counters, subway tile wainscoting, crown molding, custom cherry cabinets, and Restoration Hardware fixtures; Recent major improvements include new roof (2021), new water heaters, new sewer lateral (2019), and new sewer line/cleanout
More about this property
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