Live-Work Space with Street-Level
For Sale
$1,648,000
869 Woodside Way, San Mateo, CA 94401
MULTI_FAMILY - San Mateo, CA
Property Size2,317 SF
Lot Size0.05 Acres
Price / SF$711.26
Days on Market11
Property Features for 869 Woodside Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Rooms
Bedroom 1, Bedroom 2
Parking features
Covered, Alley
Interior features
Updated Baths, Updated Kitchen, Shower Stall(s)
Subdivision
SAN MATEO VILLAG
Lot features
Level, Street Light(s)
Standard status
Active
APN
032122040
Size
2,317 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Water source
Public
Building Details
Year built
1942
Flooring type
Hardwood, Laminate, Tile
Building materials
Stucco, Glass Curtain Wall
Listing Agency:
BHG RE Reliance Partners · Better Homes and Gardens Real Estate
(510) 868-1400
Listed By:
Ting Yu Zhu
(510) 282-9898
Added: Jul 22
Changed: Jul 31
Last Checked: Aug 1 at 10:06PM
MLS# 41142446
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work space offers a street-level commercial unit and a separately accessed upper-level residential unit. The commercial portion features an office/storefront-style frontage with large display windows and direct street access, supported by front and rear entrances with ADA-accessible sloped entry conditions. The interior has been extensively reconfigured, including demolition of prior improvements and the addition of newly designed storage and break rooms. Electrical upgrades include enhanced commercial-grade 220V power capacity, and new Title 24-compliant lighting has been installed throughout. An integrated HVAC system, a new hot water heater, commercial-grade laminate flooring, and an updated restroom support immediate occupancy.
The upper residential unit has been remodeled with fresh interior paint, a new kitchen, and an updated bathroom with a new vanity, mirror, lighting fixtures, and updated tile flooring. On-site parking is located at the rear of the property and accessed via the alley. Built in 1942 on a 0.0509-acre lot, the property is served by public water and public sewer and includes central forced-air heating.
The combined layout supports owner-user use or long-term occupancy with distinct street-level commercial and residential access.
The upper residential unit has been remodeled with fresh interior paint, a new kitchen, and an updated bathroom with a new vanity, mirror, lighting fixtures, and updated tile flooring. On-site parking is located at the rear of the property and accessed via the alley. Built in 1942 on a 0.0509-acre lot, the property is served by public water and public sewer and includes central forced-air heating.
The combined layout supports owner-user use or long-term occupancy with distinct street-level commercial and residential access.
Key Highlights
- Street‑level commercial unit with direct street access and large display windows
- Front and rear entrances with ADA‑accessible sloped entry conditions
- Enhanced commercial‑grade 220V power capacity plus Title 24‑compliant lighting
Financial Insights For Multifamily LT 5
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 | $87.6k | $37.80 |
| − Vacancy | −$4.8k | −$2.08 |
| EGI | $82.8k | $35.72 |
| − OpEx | −$24.8k | −$10.72 |
| NOI | $57.9k | $25.00 |
2,317 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$827.7K
$724.2K – $965.6K
NOI $57,936 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$747.1K
$653.7K – $871.7K
NOI $52,299 @ 7.0% cap · market cap 3.17%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,268
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Street-level commercial unit plus separately accessed upper residential unit with updated finishes, integrated HVAC, and rear alley parking.
Where is this live-work space 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: Street‑level commercial unit with direct street access and large display windows; Front and rear entrances with ADA‑accessible sloped entry conditions; Enhanced commercial‑grade 220V power capacity plus Title 24‑compliant lighting
