714-745-2708

414 E 16th Avenue, San Mateo, CA 94402

$1,900,000 Approx. USD 0 beds, 0 baths
3,325 sqft

New Listing

Save My Notes

MORE INFO

Brochure

Marketed By The Keaty Team

View Team Members

Photo of Kevin Keaty

Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Kevin.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Adam Foley | adam.foley@cbre.com
Lic#: 02144332
Broker: Courtesy of CBRE, Inc.
Phone: 408-893-8063

Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)

Status: Active

MLS# ML82061457

Price: $1,900,000

Beds: 0

Baths: 0

Built in 1959

3,325 sqft

0.13 acres

Lot size: 0.1329

County: San Mateo

Zoning: n/a

Parking description: Covered

Heating/cooling: None

Heating description: Wall Furnace

MLS area: 699 - Not Defined

Last Updated: 9/16/2026

Days On Market (DOM): 12

Find more San Mateo homes and real estate

Find more homes in 94402 zip code

This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.556439, -122.310241.
Find nearby listings

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

94402 Area Map

Demographics

Schools