Home | San Mateo County | San Mateo | 94402 | 501 S Fremont St
MLS: ML81965208 | Status: | Price: $3,750,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,970 | 8,890 | 1964 |
Rarely Available Opportunity to Acquire 6 Spacious, Easy-To-Manage 2-Bedroom/1-Bath Units Near Downtown San Mateo. Conveniently-Located Asset Near Downtown San Mateo. Very Easy Access From Highway 101. Desirable Rental Location on 2 Quiet Treelined Streets (S. Fremont and E. 5th Ave). All 2 Bedroom/1 Bath Units (887 SF Each). Walk to San Mateo Cal-Train & Downtown San Mateo. Updated Units w/ Excellent Floorplan. Potential to Add 2 to 3 ADUs. Supply-Constrained. Very Few Small to Midsized Apartments Nearby. Mixed in w/ Single Family Homes. Renovated Apartment Units: All Units Equipped With Dishwasher, Plus Potential to Add In-Unit Washer & Dryers to Boost Rents and NOI. Capital Improvements: Updated Plumbing and Electrical, Dual-Pane Windows, New Water Heaters, New Exterior Painting, New Drought-Resistant Landscaping. Proven, Consistent Income-Generator, Providing Strong Cashflow with Very Low Vacancies and Turnovers. Low Operating Costs. Easy Access to Major Technology Employers in the Mid-Peninsula: Visa, Genentech, EA, Meta, Google, Stanford, etc. Easy Access to El Camino Real, Highway 101, 280. Walkscore: 92. Bike Score: 84. Current CAP Rate: 3.45% / Current GRM: 17.4. Pro-Forma CAP Rate: 4.13% / Pro-Forma GRM: 15.5. Cost Per SF: $556.7/SF.
| Field | Value |
|---|---|
| MLS # | ML81965208 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Granite |
| Appliances | Dishwasher, Garbage Disposal, Oven - Electric, Oven Range - Electric, Washer/Dryer |
| Laundry | Coin Operated |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Crawl Space |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Covered Parking, On Street, Garage: 6 Car(s) |
| Elementary District | San Mateo-Foster City Elementary |
| High School District | San Mateo Union High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R3 |
Don Sung
Colliers Parrish International
License #: 01935797
Phone: (650) 380-5188
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 6 | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 877 | 2 | 1/0 | $2,995 | $3,100 | 6 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of February 02, 2026. For the most current information, please contact Don Sung, (650) 380-5188.