16 W Bellevue Avenue San Mateo, CA $ 3,850,000
16 W Bellevue Avenue
$ 3,850,000
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16 W Bellevue Avenue

San Mateo, CA, 94402
$ 3,850,000
Baths0.0 Sq 3,856

Monthly Estimate*

$ 24,309

Listed by Compass
16 W Bellevue Avenue, San Mateo, CA 94402 - Image 1
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Studio

Multi-Family Home for sale in San Mateo, CA

for $3,850,000. This 3,856 square foot home was built in 1947 on a lot size of 0.1464.

TRUE TROPHY FOURPLEX BORDERING HILLSBOROUGH!! The Hillsborough Apartments is an incredible opportunity to acquire a true pride of ownership property in one of the most sought after locations on the peninsula. With outstanding in-place rents, this trophy asset is a true turnkey apartment building perfect for investors, owner-occupiers, and generational family purchasers alike. Strategically positioned west of the El Camino Real, bordering the prestigious Hillsborough neighborhood, this property is a MUST SEE! Attractive Unit Mix: All four units are 2-bed, 1-bath, approximately 1,000 sf each. The property benefits from numerous recent upgrades and capital improvements. All 4 units updated with granite counters and subway tile wainscoting, crown molding, arched walkways, custom cherry cabinets, Restoration Hardware fixtures, Baldwin door knobs & deadbolts, and Leviton dimmer lights and electric plugs. New roof in 2021, new water heaters, new sewer lateral in 2019 & new sewer line and cleanout. New plumbing valves. Double-Paned windows throughout with custom plantation shutters. Energy Efficient Washer/ Dryer in each unit. Add an ADU by converting the garage parking into an additional unit or two to increase value and cash​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​​​​‌‌​‌‌‌​​‌‌​​‌​ flow!

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Multi-Family Active

Price

$ 3,850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 49,275

Style

Lot Size

0.1464

Year Built

1947

Town/City

San Mateo

County/Region

San Mateo

MLS | Web ID

ML82055296

Days on Market

2

Features
General
Living Area 3856
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Roof Composition Shingle
Appliances Dishwasher Microwave Refrigerator
Zoning Multifamily: R4
Garage Spaces 4
Security Features Security Lights
Year Built 1947
Property Subtype Quadruplex
Accessibility None
County San Mateo
Insurance Expense 7942
Property Type Residential Income
HOA false
MaintenanceExpense 3000
Garage Y/N true
Special Listing Conditions Standard
Status Active
City San Mateo
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 6377
Carport Spaces 0
Tax Annual Amount 49275
Trash Expense 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Quadruplex
Cap Rate 2.75
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Interior
Flooring Wood
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 6377
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 3856
Lot Size Acres 0.1464
Lot Size Source Assessor
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* Excluded Features
List By
Compass

Broker

bryan.danforth@compass.com

Email

Affordability Calculator

$28,416
Per Month
86%
14%
0%
Monthly Principal & Interest
$24,309
Monthly Property Taxes
$4,106
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2026$3,850,000 Listed Price

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16 W Bellevue Avenue, San Mateo, CA, 94402 is a Multi-Family Home for sale at $3,850,000 with 3,856 sqft and a lot size of 0.1464. 16 W Bellevue Avenue is a studio with 0.0 baths and was built in 1947. The property's zip code is 94402 which is in San Mateo, CA