San Mateo Multifamily Investment Opportunity

640 N El Camino Real, San Mateo, CA 94401

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For Sale

$2,395,000

Fully occupied two-bedroom units with upside potential in San Mateo.

Type:Investment

HighLights

Walker's Paradise: Walk Score of 96 means daily errands are a breeze.
Great Location: Situated in a prime area, attracting a diverse tenant pool.
Fully Occupied: Benefit from immediate rental income and positive cash flow.
Two Bedroom Units: Consistent unit type streamlines property management.
Good Transit: Transit Score of 50 indicates convenient access to public transportation.
Upside Potential: Explore opportunities to boost revenue and enhance property value.

We can help!

Listing Contact

Tamara Spokane

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For Sale

$2,395,000

Fully occupied two-bedroom units with upside potential in San Mateo.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 6:08 pm

Property Features for 640 N El Camino Real

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1956

We can help!

Listing Contact

Tamara Spokane

Listing agent Tamara Spokane

Listing office CITRINE ADVISORS, INC.

Listing date Apr 24, 2026

Source Elliman

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 CITRINE ADVISORS, INC.

HighLights

Walker's Paradise: Walk Score of 96 means daily errands are a breeze.
Great Location: Situated in a prime area, attracting a diverse tenant pool.
Fully Occupied: Benefit from immediate rental income and positive cash flow.
Two Bedroom Units: Consistent unit type streamlines property management.
Good Transit: Transit Score of 50 indicates convenient access to public transportation.
Upside Potential: Explore opportunities to boost revenue and enhance property value.

Overview

This multifamily property is located in a highly walkable area of San Mateo, California, with a walk score of 96, indicating it is a Walker's Paradise. The bike score is 61, signifying it is bikeable, and the transit score is 50, indicating good transit options. The property consists entirely of two-bedroom units and is fully occupied, presenting an investment opportunity with potential for increased returns.

Location Intelligence

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Apartment buildings

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Location Insight

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Local Demand

City: San Mateo
County: San Mateo
State: California
Longitude: -122.33875
Latitude: 37.572383

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For sale
Apartment buildings
CA
San Mateo
94401
640 N El Camino Real

What type of property is this?

Apartment building - Fully occupied two-bedroom units with upside potential in San Mateo.

Where is this apartment building located?

The property is located at 640 N El Camino Real San Mateo, CA.

What is the asking price?

The asking price for this property is $2,395,000.

What are key features of this property?

This property features: Walker's Paradise: Walk Score of 96 means daily errands are a breeze.; Great Location: Situated in a prime area, attracting a diverse tenant pool.; Fully Occupied: Benefit from immediate rental income and positive cash flow.