Occupied Fourplex With Covered
414 E 16th AVE, San Mateo, CA 94402
For Sale
$1,900,000
Two-story San Mateo asset with studio and one-bedroom units, on-site laundry, and dual-paned windows.
Property Size3,325 SF
Days on Market56
Property Features for 414 E 16th AVE
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
CBRE, Inc.
Listed By:
Adam Foley · License CA #02144332
(408) 893-8063
Source:
Johnpaye
Added: Sep 16
Changed: Nov 9
Last Checked: Nov 8 at 11:27AM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in San Mateo’s Hayward Park submarket was built in 1959 and occupies a two-story slab-on-grade structure with stucco and wood construction. The unit mix includes two studios and two one-bedroom, one-bath residences, with an average unit size of 775 square feet. Building features include copper supply lines, dual-paned vinyl windows, on-site laundry, and covered tuck-under parking. The property is reported as 100% occupied as of August 2026.
The asset is positioned between Highway 101 and Interstate 280. Hillsdale Caltrain, Bay Meadows, and Hillsdale Shopping Center are nearby, while Peninsula employment centers include Sony Interactive Entertainment, Roblox, GoPro, Franklin Templeton, Oracle, and Meta. The property is described as free and clear and includes four residential units within the existing structure.
The asset is positioned between Highway 101 and Interstate 280. Hillsdale Caltrain, Bay Meadows, and Hillsdale Shopping Center are nearby, while Peninsula employment centers include Sony Interactive Entertainment, Roblox, GoPro, Franklin Templeton, Oracle, and Meta. The property is described as free and clear and includes four residential units within the existing structure.
Key Highlights
- Four‑unit multifamily property built in 1959
- Two studios and two one‑bedroom/one‑bathroom units
- Average unit size of 775 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,141
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,662,820
$1.7M
Cap Rate 7%
$1,187,729
$1.2M
Cap Rate 9%
$923,789
$923.8K
Market Conditions
NOI Build-Up for 3,325 SF
Gross rent
$125.7K $37.80/SF
− Vacancy
−$6.9K −$2.08/SF
EGI
$118.8K $35.72/SF
− OpEx
−$35.6K −$10.72/SF
NOI
$83.1K $25.00/SF
Area
San Mateo, CA
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,662,820
Cap Rate 7%
$1,187,729
Cap Rate 9%
$923,789
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,141 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$1.07M
$938.2K – $1.25M
NOI $75,052 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,057 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,566
Businesses Nearby
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Business Placement
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
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in San Mateo County, CA
Properties on Market for Quadplexes in San Mateo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story San Mateo asset with studio and one-bedroom units, on-site laundry, and dual-paned windows.
Where is this quadplex located?
The property is located at 414 E 16th AVE San Mateo, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1959; Two studios and two one‑bedroom/one‑bathroom units; Average unit size of 775 square feet
