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1650 S Delaware St, San Mateo, CA 94402

New 74-unit apartment community in San Mateo, California.

Property SizeContact for details
Days on Market187

Property Features for 1650 S Delaware St

General Information

Standard status Active
Class A
Property subtype Multifamily
Occupancy 97%
Investment Type Core

Building Details

Year Built 2021
Buildings 1
Units 74
Listing Agency: Marcus & Millichap - Palo Alto
Listed By: Rob LeDoux · License #01816798
Source: Crexi
Added: Feb 6 Changed: Aug 8 Last Checked: Aug 11 at 8:09AM

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.

Azara is a newly constructed, 74-unit luxury apartment community located in San Mateo, California, in the heart of the San Francisco Peninsula. The property benefits from its proximity to the major employment centers of San Francisco, Oyster Point, the broader Peninsula, and Silicon Valley. It is directly adjacent to the Hayward Park Caltrain Station, offering walkable access to several major office campuses. Residents also benefit from close proximity to downtown San Mateo’s shopping, dining, and lifestyle amenities.

Key Highlights

  • Newly constructed (2021) luxury apartment community.
  • Located in San Mateo, in the heart of the San Francisco Peninsula.
  • Strategic proximity to major employment centers (San Francisco, Oyster Point, Silicon Valley).

Property Analytics

Current Use

Azara San Mateo ... Apartment Building San Mateo Apartment Apartment Building

Suggested Use

Top Pick Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Tanning Salon Department 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

2,666
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?
Apartment building - New 74-unit apartment community in San Mateo, California.
Where is this apartment building located?
The property is located at 1650 S Delaware St San Mateo, CA.
What are key features of this property?
This property features: Newly constructed (2021) luxury apartment community.; Located in San Mateo, in the heart of the San Francisco Peninsula.; Strategic proximity to major employment centers (San Francisco, Oyster Point, Silicon Valley).
More about this property
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