Financial
Distress signals
Property profile

22 20th Ave San Mateo, CA 94403

OFF-MARKET
Other apartment buildings
Property ID
US09-2356350
13,862 SF 0.34 ac lot Built 1972
Last sale Sep 2023 · $6,400,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 15-unit gated apartment complex constructed in 1972, consisting of fourteen one-bedroom, one-bath units and one non-conforming studio unit. The residences feature hardwood flooring, granite countertops, updated cabinetry, updated appliances, recessed lighting, spacious living rooms, and large bedrooms. Building improvements include dual-pane windows, upgraded copper plumbing throughout, maintained landscaping, and a replaced 60 mil TPO roof. The property includes secured, gated parking. It is

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$89k
Tax billed · 2024
Assessed value$6.40M
Assessed land$4.10M
Assessed improvement$2.30M
Effective rate1.38%

Value estimate

· Sep 2026
$7.37M
$6.63M – $8.11M
AI approach$7.28M
CAP approach$4.82M
Sales comparison$6.35M

Realmo valuation models over county records and 35 qualifying comparable sales.

Recently sold

What actually traded nearby?
$310/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$158 – $458
Qualifying comparables35

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSAN MATEO

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store12.3
Pharmacy10.1
Storage Facility9.3

Location

22 20th Ave San Mateo, CA 94403-1351
County assessor Recorded deeds · 6 transfers 35 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
144 24th, San Mateo, CA 94403-2289 $4,750,000 Dec 2025 10,043 SF
65 28th, San Mateo, CA 94403-2450 $5,525,000 Sep 2023 13,559 SF
3239 Glendora, San Mateo, CA 94403-3780 $2,000,000 Aug 2023 8,198 SF
4107 Beresford, San Mateo, CA 94403-5170 $650,000 Jun 2023 8,188 SF
4111 Beresford, San Mateo, CA 94403-5186 $2,050,000 Nov 2022 7,505 SF
2301 Flores, San Mateo, CA 94403-2227 $7,425,000 Mar 2022 13,727 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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