Residential Income
New
For Sale
$1,825,000
934 S Delaware Street, San Mateo, CA 94402
The 1936 property has floor and wall furnace heating.
Property Size2,910 SF
Price / SF$627.15
Days on Market4
Property Features for 934 S Delaware Street
General Information
Standard status
Active
Size
2,910 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
R20000
Amenities
Floor Furnace, Wall Furnace
Building Details
Building Size
2,910 SF
Year Built
1936
Buildings
3
Listed By:
Ryan Gowdy · License #01322889
(408) 309-8660
Source:
Evrealestate
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:20PM
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 Ryan Gowdy
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Investment Insights
Based on property information with market context.
Located at 934 S Delaware Street in San Mateo, this residential income property was built in 1936. Interior features include floor and wall furnaces. The property is zoned R20000, with Tenth Ave identified as a cross street.
Key Highlights
- Built in 1936
- Zoned R20000
- Floor furnace and wall furnace heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,685
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,700
$1.3M
Cap Rate 7%
$938,357
$938.4K
Cap Rate 9%
$729,833
$729.8K
Market Conditions
NOI Build-Up for 2,910 SF
Gross rent
$125.7K $43.20/SF
− Vacancy
−$6.3K −$2.16/SF
EGI
$119.4K $41.04/SF
− OpEx
−$53.7K −$18.47/SF
NOI
$65.7K $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%
$1,313,700
Cap Rate 7%
$938,357
Cap Rate 9%
$729,833
Alternative Uses
Best Use
Apartment 5plus
$938.4K
$821.1K – $1.09M
NOI $65,685 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,567 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,928
Businesses Nearby
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Business Placement
Demographics for 94402, CA
25,879
Population
10,623
Households
2.4
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
5,074
Density / Sq Mi
$179,683
Median Household Income
$104,257
Median Earnings
$3,476
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1936 property has floor and wall furnace heating.
Where is this residential income property located?
The property is located at 934 S Delaware Street San Mateo, CA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Built in 1936; Zoned R20000; Floor furnace and wall furnace heating
