Property Details
About this Property
94 East 39th Avenue is beautifully updated four (4) unit multifamily asset in a prime San Mateo location, ideal for investors or owner-users. Located in the quiet San Mateo Village neighborhood just five (5) blocks from Hillsdale Shopping Center, the property features four spacious 1-Bedroom/1-Bath units (~630 sqft), all tastefully renovated with quartz countertops, updated appliances, modern flooring, and upgraded electrical. His-and-hers closets and individual water heaters add comfort, ample hot water and convenience for the tenants. --- Situated on a 6,101 square foot lot, the building includes four (4) covered carport, a bonus side yard with potential for added parking or storage, and an on-site laundry room with owned washer/dryer machines for additional income. --- Tenants enjoy proximity to Hillsdale Mall, Trader Joes, Whole Foods, and multiple public parks. The property provides easy access and is a short walk to El Camino Real, Hwy 92, Hwy 101, and Caltrain. Current annual income exceeds $113,000/year with an in place 3.41% cap rate and 18.12 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.
MLS Listing Information
MLS #
ML82017012
MLS Source
MLSListings, Inc.
Days on Site
13
Interior Features
Kitchen
Countertop - Other
Appliances
Cooktop - Gas, Oven Range - Gas, Refrigerator
Flooring
Carpet, Laminate, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
Ceiling Fan
Heating
Wall Furnace
Exterior Features
Roof
Composition, Fiberglass, Shingle
Foundation
Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Garage: 0 Car(s)
Elementary District
San Mateo-Foster City Elementary
High School District
San Mateo Union High
Sewer
Public Sewer
Water
Public
Zoning
Multifamily Residential
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 630 | 1 | 1/0 | $2,375 |
| 2 | 630 | 1 | 1/0 | $2,350 |
| 3 | 630 | 1 | 1/0 | $2,275 |
| 4 | 630 | 1 | 1/0 | $2,375 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
94 E 39th Ave is a Residential Income in San Mateo, CA 94403. This 2,520 square foot property sits on a 6,101 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,048,000 and was built in 1954. This address can also be written as 94 E 39th Ave, San Mateo, CA 94403.
©2025 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 05, 2025. For the most current information, please contact Nate Gustavson, (415) 786-9410
