220 N San Mateo Dr offers a prime multifamily investment opportunity, featuring favorable zoning that supports potential redevelopment or the addition of ADUs. Situated on a large 18,700 square foot parcel of land, the subject property was originally constructed in 1938 and features a gross building area of approximately 4,310 square feet, offering tenants spacious one-bedroom floor plans. Approximately half of the subject property is currently undeveloped vacant land offering a value-add opportunity with the development of ADUs or a complete redevelopment to various uses. Strategically positioned near the lively Downtown San Mateo, 220 N San Mateo Dr provides tenants with a myriad of high-end shopping, dining, and entertainment options. Tenants also benefit from proximity to some of the area's most prominent employers including Franklin Templeton Investments, Sony, Snowflake, Rakuten, and Roblox. Additionally, the subject property offers easy access to the major transportation corridors of U.S. Highway 101, San Mateo-Hayward Bridge, Interstate 280, and El Camino Real. 220 N San Mateo Dr presents an attractive choice for investors due to its favorable zoning, value-add opportunity, and proximity to Downtown San Mateo.
MLS #
ML81997776
MLS Source
MLSListings, Inc.
Days on Site
16
Cooling
None
Heating
Wall Furnace
Roof
Shingle
Foundation
Wood Frame
Garage/Parking
Detached, Garage: 4 Car(s)
Elementary District
San Mateo-Foster City Elementary
High School District
San Mateo Union High
Sewer
Public Sewer
Water
Public
Zoning
E2-1.5
Listing Agent
Cole Simpson
Marcus & Millichap
License #: 02016525
Phone: (650) 888-7696
Co-Listing Agent
Robert Johnston
License #: 01853816
Phone: (650) 391-1744
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | 8 | 8 |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | – | – | 0/0 | – | – | 4 |
2 | – | 1 | 1/0 | – | – | 4 |
Schools | Type | Grades | Distance | Rating |
---|---|---|---|---|
College Park Elementary School | public | K-5 | 0.42 mi | |
San Mateo High School | public | 9-12 | 0.43 mi | |
San Mateo Adult | public | UG | 0.52 mi | N/A |
San Mateo Park Elementary School | public | K-5 | 0.70 mi | |
South Hillsborough School | public | K-5 | 0.72 mi | |
North Shoreview Montessori Elementary School | public | K-8 | 0.79 mi | |
Washington Elementary School | public | K-5 | 0.92 mi | |
Sunnybrae Elementary School | public | K-5 | 1.10 mi | |
Burlingame High School | public | 9-12 | 1.24 mi | |
Baywood Elementary School | public | K-5 | 1.29 mi | |
Aragon High School | public | 9-12 | 1.41 mi | |
Borel Middle School | public | 6-8 | 1.48 mi | |
LEAD Elementary | public | K-5 | 1.58 mi | |
McKinley Elementary School | public | K-5 | 1.60 mi | |
North Hillsborough School | public | K-5 | 1.83 mi | |
Crocker Middle School | public | 6-8 | 1.86 mi | |
Parkside Montessori | public | PK,KG,1,2,3,4,5,6,7,8 | 1.93 mi | |
Bayside Academy | public | K-8 | 1.93 mi | |
Bsd Preschool | public | UG | 2.23 mi | N/A |
Roosevelt Elementary School | public | K-5 | 2.23 mi |
220 N San Mateo Dr is a Residential Income in San Mateo, CA 94401. This 4,310 square foot property sits on a 0.426 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,380,000 and was built in 1938.
This address can also be written as 220 N San Mateo Dr, San Mateo, CA 94401.©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.
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This listing information is up-to-date as of March 13, 2025. For the most current information, please contact Cole Simpson, (650) 888-7696