5 Units located on prime 8,800+ sqft corner Lot This five-unit property sits on a prominent corner lot in one of San Mateo's most strategic and in-demand locations. All five units have been upgraded- property inspection reports are buyer-favorable. Zoned R-4, the property supports higher-density residential development, offering meaningful value-add… Read More potential for investors or developers. Under California ADU regulations, buyer may be able to add detached ADUs and a possible interior conversion ADU within existing non-habitable space (buyer to verify). ADUs under 750 SF avoid school and most impact fees. Proximity to Caltrain this site qualifies for State parking exemptions, improving site efficiency. With an exceptional 94 Walk Score, the property is just one block from Caltrain and steps to Downtown San Mateo's core business district, dining, and retail. This central, transit-oriented location consistently supports strong tenant demand and historically low vacancy, driven by immediate access to the Peninsulas leading AI, tech, and biotech employers. Read Less
Courtesy of Bay Area Estates, Scott Philip 650-771-8821
Listing Snapshot
Days Online
243
Last Updated
Property Type
Five Or More Units
Square Ft.
3,663
Lot Size
0.2 Acres
Year Built
1918
MLS Number
ML82029362
30 Days Snapshot Of 94401
$905k
+2%
(avg) sold price
19
-32%
homes sold
159
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8809.00, Max Area Units: Square Feet, Lot is 0.20222681359045 acres
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