Home | San Mateo County | San Mateo | 94402 | 414 E 16th Ave
MLS: ML82061457 | Status: Active | Price: $1,900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,325 | 5,789 | 1959 |
414 E 16th Ave (the Property) is a four-unit multifamily asset built in 1959, situated on a two-story, slab-on-grade structure of stucco and wood construction in San Mateo's Hayward Park submarket. The Property features a unit mix of two (2) studio floorplans and two (2) one-bedroom/one-bathroom floorplans, averaging 775 square feet. The Property is 100% occupied as of August 2026. The Property offers a new owner a rare combination in this submarket: a fully occupied, free and clear fourplex with copper supply lines, dual-paned vinyl windows building-wide, on-site laundry, and covered tuck-under parking. In-place rents average $2,129 per unit, against market rents of $2,375 per unit, a loss-to-lease of 11.5%. A light interior renovation program, budgeted at $18,750 per unit, supports renovated rents of $2,750 per unit, or a 15.8% premium to current market. The Property's location places residents between Highway 101 and Interstate 280, within a short drive of Peninsula employers including Sony Interactive Entertainment, Roblox, GoPro, and Franklin Templeton in San Mateo, Oracle in Redwood Shores, and Meta in Menlo Park. Hillsdale Caltrain and the Bay Meadows mixed-use development are both nearby, and Hillsdale Shopping Center provides additional dining and retail options.
| Field | Value |
|---|---|
| MLS # | ML82061457 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Covered Parking, Garage: 0 Car(s) |
| Elementary District | San Mateo-Foster City Elementary |
| High School District | San Mateo Union High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | n/a |
Adam Foley
CBRE, Inc.
License #: 02144332
Phone: (408) 893-8063
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 650 | 0 | 1/0 | $1,966 |
| 2 | 650 | 0 | 1/0 | $1,966 |
| 3 | 900 | 1 | 1/0 | $2,293 |
| 4 | 900 | 1 | 1/0 | $2,293 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 3939 Pacific Blvd | $2,150,000 | – | – | 5,016 | |
| 869 Woodside Way | $1,648,000 | – | – | 2,317 | Active |
| 664 N El Camino Real | $1,828,000 | – | – | 2,550 | PendingDoNotShow |
| 228 State St | $1,999,000 | – | – | 4,556 |
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This listing information is up-to-date as of September 16, 2026. For the most current information, please contact Adam Foley, (408) 893-8063.