San Mateo Four-Unit Multifamily
For Sale
$2,495,000
444 Villa Terrace, San Mateo, CA 94401
Well-maintained four-unit building in prime San Mateo location.
Property Size3,607 SF
Lot Size0.17 Acres
Price / SF$691.71
Days on Market232
Property Features for 444 Villa Terrace
General Information
Standard status
Active
Size
3,607 SF
Total Parking Spaces
1
Lot size
0.17 Acres
Property subtype
RESIDENTIAL INCOME / Fourplex
Taxes and HOA fees
Annual Taxes
$9,168
Amenities
4
Building Details
Year Built
1961
Buildings
2
Stories
2
Listing Agency:
Cronan Real Estate Services, Inc.
Listed By:
Alex Hawkins · License #02134868
(408) 348-5013
Source:
Compass
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 26 at 7:21PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained four-unit building is located in a prime San Mateo location near top-rated schools. It presents an excellent investment opportunity with long-term tenants and a low vacancy rate. Each unit features 2 bedrooms and 1 bathroom, along with private outdoor space, including decks for the upper units and yards for the lower units. Unit 2 includes a carport plus an uncovered space and a private backyard. Unit 3 features a remodeled kitchen with quartz counters, new cabinets, fixtures, and appliances, and a modern bath with new tile, vanity, and flooring. Recent upgrades include roof work, deck waterproofing, exterior paint, new doors, and a rebuilt carport. The property is situated on a large 7500 square foot lot that offers room for expansion and a possible additional unit over the carports. The location allows for walking access to downtown Burlingame and San Mateo.
Key Highlights
- Prime San Mateo location near top‑rated schools.
- Excellent investment opportunity with long‑term tenants and low vacancy rate.
- Each unit has private outdoor space (decks or yards).
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit building in prime San Mateo location.
Where is this quadplex located?
The property is located at 444 Villa Terrace 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: Prime San Mateo location near top‑rated schools.; Excellent investment opportunity with long‑term tenants and low vacancy rate.; Each unit has private outdoor space (decks or yards).
