Residential Income
For Sale
$1,648,000
869 Woodside Way, San Mateo, CA 94401
Established residential income asset with forced-air heating and natural gas service.
Property Size2,317 SF
Price / SF$711.26
Days on Market80
Property Features for 869 Woodside Way
General Information
Standard status
Active
Size
2,317 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1942
Listing Agency:
BHG RE Reliance Partners
(510) 868-1400
Listed By:
Ting Yu Zhu · License #01461761
(510) 282-9898
Source:
Exitrealty
Added: Aug 1
Changed: Oct 10
Last Checked: Oct 16 at 5:43AM
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 BHG RE Reliance Partners
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Investment Insights
Based on property information with market context.
This residential income property was built in 1942 and includes forced-air heating with natural gas service. The property is located at 869 Woodside Way in San Mateo, California, near Peninsula Ave.
Key Highlights
- Residential income property at 869 Woodside Way, San Mateo, CA 94401
- Built in 1942
- Forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,299
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,980
$1.0M
Cap Rate 7%
$747,129
$747.1K
Cap Rate 9%
$581,100
$581.1K
Market Conditions
NOI Build-Up for 2,317 SF
Gross rent
$100.1K $43.20/SF
− Vacancy
−$5.0K −$2.16/SF
EGI
$95.1K $41.04/SF
− OpEx
−$42.8K −$18.47/SF
NOI
$52.3K $22.57/SF
Area
San Mateo, CA
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,980
Cap Rate 7%
$747,129
Cap Rate 9%
$581,100
Alternative Uses
Best Use
Apartment 5plus
$747.1K
$653.7K – $871.7K
NOI $52,299 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$916.4K
$801.9K – $1.07M
NOI $64,149 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,268
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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Frequently Asked Questions
What type of property is this?
Residential income property - Established residential income asset with forced-air heating and natural gas service.
Where is this residential income property located?
The property is located at 869 Woodside Way San Mateo, CA.
What is the asking price?
The asking price for this property is $1,648,000.
What are key features of this property?
This property features: Residential income property at 869 Woodside Way, San Mateo, CA 94401; Built in 1942; Forced‑air heating
