Six-Unit Apartment Building with
4111 Beresford Street San Mateo, CA 94403
4111 Beresford Street, San Mateo, CA, 94403
$2,599,000
For Sale
$2,599,000
Six one-bedroom, one-bath units with three garage spaces featuring tandem parking and separate PG&E and water meters.
Property Size7,505 SF
Price / SF$346.30
Days on Market141
Property Features for 4111 Beresford Street
General Information
- Standard status
- Active
- Size
- 7,505 SF
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1947
Listing agency
W. J. Britton & Company
(415) 934-1151
Listed by
John F. Britton · License #00848717
(415) 934-1151
Source
Compass
Added: Mar 3 Updated: Jul 21 at 1:30AM Checked: Jul 22 at 8:02AM
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 W. J. Britton & Company
Investment Insights
Based on property information with market context.
This six-unit apartment building offers a mix of straightforward, self-contained living arrangements, with all units configured as one-bedroom, one-bath residences. Recent exterior improvements include a new roof, exterior paint, and updated landscaping. Vehicle parking is supported by three garage spaces, with each garage offering tandem parking.
Separate utility metering is a practical feature for operations, with individual PG&E and water meters. The property is positioned on the Peninsula with easy access to Caltrain, local freeways, and SamTrans.
As an income-oriented multifamily asset, it’s presented with a pro forma income of over $200,000 per year, supported by the building’s six-unit layout and recent exterior work.
Separate utility metering is a practical feature for operations, with individual PG&E and water meters. The property is positioned on the Peninsula with easy access to Caltrain, local freeways, and SamTrans.
As an income-oriented multifamily asset, it’s presented with a pro forma income of over $200,000 per year, supported by the building’s six-unit layout and recent exterior work.
Key Highlights
- Six one‑bedroom, one‑bath units in a 7,500 sq ft property on a 4,885 sq ft lot
- Three garage spaces with tandem parking
- Separate PG&E and water meters
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 | $324.2k | $43.20 |
| − Vacancy | −$16.2k | −$2.16 |
| EGI | $308.0k | $41.04 |
| − OpEx | −$138.6k | −$18.47 |
| NOI | $169.4k | $22.57 |
7,505 SF · lease $43.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.42M
$2.12M – $2.82M
NOI $169,403 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,786 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six one-bedroom, one-bath units with three garage spaces featuring tandem parking and separate PG&E and water meters.
Where is this apartment building located?
The property is located at 4111 Beresford Street San Mateo, CA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bath units in a 7,500 sq ft property on a 4,885 sq ft lot; Three garage spaces with tandem parking; Separate PG&E and water meters
