Renovated Six-Unit Apartment
19 E 41st P San Mateo, CA 94403
New
19 E 41st P, San Mateo, CA, 94403
$1,899,000
For Sale
$1,899,000
Well-maintained six-unit building with updated interiors, dual-pane windows, and six carport spaces.
Property Size2,447 SF
Lot Size0.18 Acres
Price / SF$776.05
Days on Market2
Property Features for 19 E 41st P
General Information
- Standard status
- Active
- Size
- 2,447 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1957
Listing Agency
(650) 228-9930
Listed by
Compass
(650) 228-9930
Source
Xome
Added: Jul 17 Checked: Jul 18 at 2:04 am
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.
19 E 41st Place is a well-maintained six-unit multifamily property built in 1957 and significantly renovated in 2014. The 2,447 SF building includes upgraded interiors, improved building systems, dual-pane windows, and refreshed exterior finishes. All units are studios, with one unit offering a private yard and another offering a private patio.
Operational efficiency is supported through RUBS, with tenants paying all utilities. An owner-owned on-site laundry machine is also provided on-site, and the property includes six dedicated carport parking spaces.
Set on a 7,699 SF lot in the San Mateo submarket, the building combines renovation updates with practical resident amenities designed to support everyday convenience.
Operational efficiency is supported through RUBS, with tenants paying all utilities. An owner-owned on-site laundry machine is also provided on-site, and the property includes six dedicated carport parking spaces.
Set on a 7,699 SF lot in the San Mateo submarket, the building combines renovation updates with practical resident amenities designed to support everyday convenience.
Key Highlights
- Six‑unit multifamily building built in 1957 and significantly renovated in 2014
- 2,447 SF building on a 7,699 SF lot with dual‑pane windows and refreshed exterior finishes
- Upgraded interiors and improved building systems, including operational improvements through RUBS
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 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$967.8K
$846.9K – $1.13M
NOI $67,749 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isis Candle Shop
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained six-unit building with updated interiors, dual-pane windows, and six carport spaces.
Where is this apartment building located?
The property is located at 19 E 41st P San Mateo, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Six‑unit multifamily building built in 1957 and significantly renovated in 2014; 2,447 SF building on a 7,699 SF lot with dual‑pane windows and refreshed exterior finishes; Upgraded interiors and improved building systems, including operational improvements through RUBS
