1. California
  2. San Mateo
  3. 94 E 39th Avenue
$2,048,000

94 E 39th Avenue, San Mateo, CA 94403

  • 4 beds
  • 2,520 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1954
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $813/sqft
  • Property List Date Icon Listed 4 days ago

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 $113,000/year with an in place 3.41% cap rate and 18.12 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.

Listing Status:
Active
Date Added:
August 5, 2025 at 05:00AM
Listing Office:
Compass : 415-874-5000
Listing Agent:
Nate Gustavson : 415-786-9410
MLS ID:
ML82017012
  • Laundry: Coin Operated
  • Flooring: Laminate
  • A/C: Ceiling Fan(s)
  • Heating: Wall Furnace

This listing courtesy of Nate Gustavson, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

George Hall Elementary School

130 San Miguel Way, San Mateo, CA, 94403

Grades KG-5

0.17 miles away

A

Abbott Middle School

600 36th Ave, San Mateo, CA, 94403

Grades 6-8

1.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.