Remodeled Multi-Unit Investment
739 Amphlett Boulevard San Mateo, CA 94401
For Sale
$2,850,000
Six remodeled units near Highway 101, downtown, and Caltrain.
Property Size4,586 SF
Price / SF$621.46
Days on Market253
Property Features for 739 Amphlett Boulevard
General Information
Standard status
Active
Size
4,586 SF
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
KW ADVISORS
(650) 627-3700
Listed By:
DAN LYONS · License #01848586
Source:
Corcoran
Added: Nov 19, 2025
Changed: Jul 10
Last Checked: Jul 29 at 9:01AM
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 KW ADVISORS
Investment Insights
Based on property information with market context.
Located in San Mateo, this commercial multi-unit property at 739 N. Amphlett Blvd presents an investment opportunity. The building features six fully remodeled residential units. There are five one-bedroom, one-bathroom units, each approximately 600 sq ft, and one two-bedroom, one-bathroom unit. The interiors are modern, with updated kitchens, bathrooms, flooring, and fixtures. Each unit has a detached enclosed garage. The property offers access to Highway 101, downtown San Mateo, Caltrain, shopping, and dining. It is suitable for investors seeking stable income in a strong rental market and 1031 Exchange buyers looking for portfolio diversification in the San Francisco Bay Area. The property size is 4586 square feet.
Key Highlights
- Six fully remodeled residential units offering immediate rental income.
- Prime location with easy access to Highway 101, downtown San Mateo, and Caltrain.
- Detached enclosed garages providing secure parking for each unit.
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 | $198.1k | $43.20 |
| − Vacancy | −$9.9k | −$2.16 |
| EGI | $188.2k | $41.04 |
| − OpEx | −$84.7k | −$18.47 |
| NOI | $103.5k | $22.57 |
4,586 SF · lease $43.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,515 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,970 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six remodeled units near Highway 101, downtown, and Caltrain.
Where is this apartment building located?
The property is located at 739 Amphlett Boulevard San Mateo, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Six fully remodeled residential units offering immediate rental income.; Prime location with easy access to Highway 101, downtown San Mateo, and Caltrain.; Detached enclosed garages providing secure parking for each unit.
