94 E 39th AVE, San Mateo, CA 94403
- $1,760,000
- 4
- BD
- 2,520
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Eric Peterson from Compass
Sold listing courtesy of Haifa Khoury from SIR
- Sold Price
- $1,760,000
- List Price
- $1,828,000
- Closing Date
- Nov 21, 2025
- MLS#
- ML82017012
- Status
- SOLD
- Zoning
- Multifamily Residential
- Sqft. of Residence
- 2,520
- Lot Size
- 6,101
- Listing Area
- San Mateo Village/Glendale Village
Property Description
94 East 39th Avenue is beautifully updated four (4) unit multifamily asset in a prime San Mateo location, ideal for investors or owner-users. Located in the quiet San Mateo Village neighborhood just five (5) blocks from Hillsdale Shopping Center, the property features four spacious 1-Bedroom/1-Bath units (~630 sqft), all tastefully renovated with quartz countertops, updated appliances, modern flooring, and upgraded electrical. His-and-hers closets and individual water heaters add comfort, ample hot water and convenience for the tenants. --- Situated on a 6,101 square foot lot, the building includes four (4) covered carport, a bonus side yard with potential for added parking or storage, and an on-site laundry room with owned washer/dryer machines for additional income. --- Tenants enjoy proximity to Hillsdale Mall, Trader Joes, Whole Foods, and multiple public parks. The property provides easy access and is a short walk to El Camino Real, Hwy 92, Hwy 101, and Caltrain. Current annual income exceeds $113,300/year with an in place 4.00% cap rate and 16.13 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.
/u.realgeeks.media/bcallahan/Compass_Logo.png){kind=logo}
Additional Information
- Acres
- 0.14
- Age
- 71
- Cooling System
- Ceiling Fan
- Floor Covering
- Carpet, Laminate, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Carport
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 2,520
- Lot Size
- 6,101
- Neighborhood
- San Mateo Village/Glendale Village
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Fiberglass, Shingle
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- Multifamily Residential
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . 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.
Copyright 2026 MLSListings Inc. All rights reserved