411 North San Mateo Drive

San Mateo, CA 94401

$2,098,000
Price
Beds
5,016 Sq. Ft.
$418 / Sq. Ft.
5,016
Sq. Ft.
$418
per Sq. Ft.

Description

411 N San Mateo Dr is an exceptional 5-unit multifamily asset located in the thriving city of San Mateo, California. Situated on a 6,050 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 5,016 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants enjoy convenient community amenities such as private garage parking and an on-site laundry facility. Additionally the subject property...411 N San Mateo Dr is an exceptional 5-unit multifamily asset located in the thriving city of San Mateo, California. Situated on a 6,050 square foot parcel of land, the subject property was originally constructed in 1954 and has a gross building area of approximately 5,016 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants enjoy convenient community amenities such as private garage parking and an on-site laundry facility. Additionally the subject property has undergone major capital improvements including modern renovations of select units and an upgraded electrical system throughout. San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the numerous street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 411 North San Mateo Drive

MLS City Name
SAN MATEO
Building Type
Other
Garage Spaces
4
Parking Spaces
0
LISTING UPDATED: 12/12/2024 11:14 AM

Property Details for 411 North San Mateo Drive

StatusActive
MLS #ML81983762
Days on Compass68
Taxes$29,868 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1954
Lot Size0.14 AC / 6,050 SF
CountySan Mateo County

Building Information for 411 North San Mateo Drive

Stories-Residences-Year Built1954Building Size-Lot Size0.14 AC / 6,050 SF

Property Information for 411 North San Mateo Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 5016
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Eastern Addition/Downtown Area
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 411
  • Street Name: San Mateo
  • Street Direction Prefix: North
  • Street Suffix: Drive
  • Area ID: 417
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5016
  • Structure SqFt Source: Assessor
  • Age: 70
Development Information
  • Zoning Detail: E2-1.5
Location Information
  • Parcel Number: 032-173-090
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94401
  • Elementary School District: 938
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $29,868
  • Capitalization Rate: 4.90
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,016
  • Expense Landscape: $0
  • Expense Maintenance: $2,500
  • Expense Management: $0
  • Expense Trash: $2,000
  • Expenses Other: $1,800
  • Expenses Utility: $6,250
  • Expenses Total: $47,434
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 13.55
  • Income Annual Gross: $153,600
  • Income Annual Rental: $153,600
  • Income Gross Scheduled: $153,600
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2

Property History for 411 North San Mateo Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 411 North San Mateo Drive

Taxable ValueLand$61,126Additions$293,491Total$354,617
Tax Record2024$10,236 ($853 / month)
Home Facts
Baths5Total Finished SqFt5,016 SqFtAbove Grade Finished SqFt5,016 SqFtStories2Lot Size6,031 SqFtStyleMulti-Family Res (5+ Units)Year Built1954CountySAN MATEOAPN032-173-090

Schools near 411 North San Mateo Drive

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
San Mateo Park Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

San Mateo High School
Public9 to 12

College Park Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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411 North San Mateo Drive is for sale in San Mateo, CA 94401. This property was listed for sale on October 15, 2024 by Marcus & Millichap, it's currently listed at $2,098,000. This listing's school districts are San Mateo Union High School District, San Mateo-Foster City School District. Nearby schools include San Mateo Park Elementary School, Borel Middle School and San Mateo High School. 411 North San Mateo Drive is a 0-bed, 0-bath, 5,016 sqft built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.