16 W Bellevue Ave , San Mateo, CA 94402
$3,650,000
Est. Payment: $19,909.65/mo
8 Bed
3856 Sqft
0.15 Acres
Status: Active | Days on site: 62
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ML38629 - ML5100317,ML5100314
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House Description

$200K PRICE IMPROVEMENT!! 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!

Highlights

Listed by Bryan Danforth , 650-274-5227 and Matthew Thomson , 650-515-6555 Compass , (650) 941-1111. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1947

County

San Mateo

Area

699 - Not Defined

School District

Other

Listing ID

ML82055296

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
Appliances:Dishwasher, Microwave, Refrigerator
Floor:Wood

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:Multifamily: R4
Roof:Composition,Shingle
Others:
  • ▪ Additional:Has ADU
Sewer:Public Sewer
Principal Interest
$19,910
Taxes
$3,920

Home Price

$3,650,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$730,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$19,909.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $19,909.65 $3,919.58 $0.00 $23,829.23
Yearly $238,915.75 $47,035.00 $0.00 $285,950.75
Total $7,167,472.40 $1,411,050.00 $0.00 $8,578,522.40

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (San Mateo, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T23:12:49.000Z

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