Quadplex with Private Outdoor
For Sale
$2,495,000
Pending
444 Villa TER, San Mateo, CA 94401
Four residences feature two bedrooms, one bath, and individual outdoor areas, with select parking and recent property improvements.
Property Size3,607 SF
Lot Size0.17 Acres
Days on Market102
Property Features for 444 Villa TER
General Information
Standard status
Pending
Size
3,607 SF
Lot size
0.17 Acres
Property subtype
Fourplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,168
Amenities
private outdoor space
Building Details
Building Size
3,607 SF
Year Built
1961
Buildings
1
Listing Agency:
Cronan Real Estate Services, Inc.
Listed By:
Alex Hawkins · License #02134868
(650) 639-9640
Source:
Johnpaye
Added: Jun 28
Changed: Oct 6
Last Checked: Oct 5 at 8:57PM
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 Cronan Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This San Mateo quadplex contains four 2-bedroom, 1-bath residences, each with private exterior space. Upper homes have decks, while lower homes include yards. Unit 2 provides a carport, an uncovered parking space, and a private backyard. Unit 3 has an updated kitchen with quartz countertops, newer cabinetry, fixtures, and appliances, along with a refreshed bathroom featuring tile, vanity, and flooring. Central forced-air service, dishwashers, electric ranges, refrigerators, and individual electric and gas meters are among the building features.
Built in 1961, the property occupies a 7,500-square-foot lot. Recent work includes roof repairs, deck waterproofing, exterior painting, door replacement, and carport reconstruction. The property is near schools and within walking distance of downtown Burlingame and San Mateo.
Built in 1961, the property occupies a 7,500-square-foot lot. Recent work includes roof repairs, deck waterproofing, exterior painting, door replacement, and carport reconstruction. The property is near schools and within walking distance of downtown Burlingame and San Mateo.
Key Highlights
- Four 2BR/1BA units, each with private outdoor space
- 7,500‑square‑foot lot with flat configuration
- Unit 2 includes a carport, uncovered parking space, and private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,192
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,803,840
$1.8M
Cap Rate 7%
$1,288,457
$1.3M
Cap Rate 9%
$1,002,133
$1.0M
Market Conditions
NOI Build-Up for 3,607 SF
Gross rent
$136.3K $37.80/SF
− Vacancy
−$7.5K −$2.08/SF
EGI
$128.8K $35.72/SF
− OpEx
−$38.7K −$10.72/SF
NOI
$90.2K $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%
$1,803,840
Cap Rate 7%
$1,288,457
Cap Rate 9%
$1,002,133
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.50M
NOI $90,192 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,417 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,865 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
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Business Placement
Demographics for 94401, CA
35,249
Population
13,798
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
11,371
Density / Sq Mi
$121,258
Median Household Income
$57,724
Median Earnings
$2,713
Median Rent
$1,123,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature two bedrooms, one bath, and individual outdoor areas, with select parking and recent property improvements.
Where is this quadplex located?
The property is located at 444 Villa TER San Mateo, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Four 2BR/1BA units, each with private outdoor space; 7,500‑square‑foot lot with flat configuration; Unit 2 includes a carport, uncovered parking space, and private backyard
