Six-Unit Apartment
For Sale
$2,499,000
4111 Beresford ST, San Mateo, CA 94403
Six one-bedroom, one-bath units in a well-maintained property with separate PG&E and water meters.
Property Size7,500 SF
Lot Size0.11 Acres
Price / SF$333.20
Days on Market144
Property Features for 4111 Beresford ST
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.11 Acres
Property subtype
FiveOrMoreUnits
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Building Details
Building Size
7,505 SF
Year Built
1947
Listing Agency:
W. J. Britton & Company
(650) 208-6518
Listed By:
John F. Britton · License #00848717
(650) 208-6518
Source:
Johnpaye
Added: Mar 10
Changed: Jul 30
Last Checked: Jul 30 at 10:04AM
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.
Six one-bedroom, one-bath units comprise this apartment building, providing a straightforward, manageable residential income setup. The property was improved with a new roof, exterior paint, and updated landscaping, supporting strong curb appeal and day-to-day operations. The building totals approximately 7,500 SF on a 4,885 SF lot.
Parking is supported by three garage spaces, each offering tandem parking. Separate PG&E and water meters help simplify utility management across the property.
The asset is positioned on the Peninsula with easy access to Caltrain, freeways, and SamTrans, supporting tenant convenience and leasing flexibility.
Parking is supported by three garage spaces, each offering tandem parking. Separate PG&E and water meters help simplify utility management across the property.
The asset is positioned on the Peninsula with easy access to Caltrain, freeways, and SamTrans, supporting tenant convenience and leasing flexibility.
Key Highlights
- Six one‑bedroom, one‑bath units in an apartment building
- Approximately 7,500 SF building on a 4,885 SF lot
- New roof plus exterior paint and landscaping
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 | $324.0k | $43.20 |
| − Vacancy | −$16.2k | −$2.16 |
| EGI | $307.8k | $41.04 |
| − OpEx | −$138.5k | −$18.47 |
| NOI | $169.3k | $22.57 |
7,500 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 $169,290 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,648 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
Explore this area
Business Placement
Demographics for 94403, CA
45,057
Population
17,682
Households
2.5
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
8,046
Density / Sq Mi
$179,825
Median Household Income
$93,542
Median Earnings
$3,273
Median Rent
$1,725,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom, one-bath units in a well-maintained property with separate PG&E and water meters.
Where is this apartment building located?
The property is located at 4111 Beresford ST San Mateo, CA.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bath units in an apartment building; Approximately 7,500 SF building on a 4,885 SF lot; New roof plus exterior paint and landscaping
