1 Engle Rd San Mateo, CA 94402
This exceptional 5,508 square foot residential lot, located at 1 Engle Rd in the desirable San Mateo Park neighborhood of San Mateo, California (zip code 94402), presents a unique opportunity for discerning buyers. Offered at $1,450,000, this property boasts a convenient location, just one mile from Burlingame Avenue and a half-mile from Downtown San Mateo, providing easy access to a variety of amenities and services. The lot features two electric meters, adding to its versatility. While currently featuring a single-family home built in 1917, the property holds significant potential for redevelopment. Previous entitlements for a 10-unit residential development plan exist for this property and the adjacent property (4 W Santa Inez), details of which are available in the disclosures. The existing structure and grounds could benefit from renovation, offering a blank canvas for a creative vision. The property's APN is 032-075-100. This is a rare chance to acquire a substantial lot in a highly sought-after San Mateo location with promising development possibilities. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.