Renovated Six-Unit Multifamily
19 41st Place San Mateo, CA 94403
19 41st Place, San Mateo, CA, 94403
$1,950,000
For Sale
$1,950,000
Six studio units in a 1957 building renovated in 2014, with dual-pane windows, upgraded systems, and carport parking.
Property Size2,447 SF
Lot Size0.18 Acres
Price / SF$796.89
Days on Market204
Property Features for 19 41st Place
General Information
- Standard status
- Active
- Size
- 2,447 SF
- Lot size
- 0.18 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1957
Listing agency
(408) 427-8963
Listed by
Compass
Source
Xome
Added: Dec 29, 2025 Updated: Jul 21 at 4:17AM Checked: Jul 21 at 4:17AM
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 well-maintained six-unit multifamily property was built in 1957 and significantly renovated in 2014. The building includes dual-pane windows, upgraded interiors, improved building systems, and refreshed exterior finishes. The property offers six studio units, including one unit with a private yard and one unit with a private patio.
Tenants pay all utilities through RUBS, supporting operating efficiency. An owner-owned on-site laundry machine is also in place.
The site includes six dedicated carport parking spaces, adding convenience for residents. The building totals 2,447 SF on a 7,699 SF lot.
Tenants pay all utilities through RUBS, supporting operating efficiency. An owner-owned on-site laundry machine is also in place.
The site includes six dedicated carport parking spaces, adding convenience for residents. The building totals 2,447 SF on a 7,699 SF lot.
Key Highlights
- Six studio units in a 1957 multifamily building, significantly renovated in 2014
- 2,447 SF building on a 7,699 SF lot in the San Mateo submarket (Zoning: R4)
- Dual‑pane windows and upgraded building systems with refreshed exterior finishes
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 | $105.7k | $43.20 |
| − Vacancy | −$5.3k | −$2.16 |
| EGI | $100.4k | $41.04 |
| − OpEx | −$45.2k | −$18.47 |
| NOI | $55.2k | $22.57 |
2,447 SF · lease $43.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$789.1K
$690.4K – $920.6K
NOI $55,234 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$967.8K
$846.9K – $1.13M
NOI $67,749 @ 7.0% cap · market cap 3.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Royalty Home Cleaning ...
Hardware & Home Improvement
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FAQs
What type of property is this?
Apartment building - Six studio units in a 1957 building renovated in 2014, with dual-pane windows, upgraded systems, and carport parking.
Where is this apartment building located?
The property is located at 19 41st Place San Mateo, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Six studio units in a 1957 multifamily building, significantly renovated in 2014; 2,447 SF building on a 7,699 SF lot in the San Mateo submarket (Zoning: R4); Dual‑pane windows and upgraded building systems with refreshed exterior finishes
