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414 E 16th Ave , San Mateo, CA 94402
$1,900,000
Est. Payment: $10,427.91/mo
2 Bed
3325 Sqft
0.13 Acres
Status: Active | Days on site: 17
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ML6043498 - ML5108517
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Chris Heller
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House Description

414 E 16th Ave (the Property) is a four-unit multifamily asset built in 1959, situated on a two-story, slab-on-grade structure of stucco and wood construction in San Mateo's Hayward Park submarket. The Property features a unit mix of two (2) studio floorplans and two (2) one-bedroom/one-bathroom floorplans, averaging 775 square feet. The Property is 100% occupied as of August 2026. The Property offers a new owner a rare combination in this submarket: a fully occupied, free and clear fourplex with copper supply lines, dual-paned vinyl windows building-wide, on-site laundry, and covered tuck-under parking. In-place rents average $2,129 per unit, against market rents of $2,375 per unit, a loss-to-lease of 11.5%. A light interior renovation program, budgeted at $18,750 per unit, supports renovated rents of $2,750 per unit, or a 15.8% premium to current market. The Property's location places residents between Highway 101 and Interstate 280, within a short drive of Peninsula employers including Sony Interactive Entertainment, Roblox, GoPro, and Franklin Templeton in San Mateo, Oracle in Redwood Shores, and Meta in Menlo Park. Hillsdale Caltrain and the Bay Meadows mixed-use development are both nearby, and Hillsdale Shopping Center provides additional dining and retail options.
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Highlights

Listed by Adam Foley , 408-893-8063 CBRE, Inc. , 4084537400. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.13

Year Built

1959

County

San Mateo

Area

699 - Not Defined

 School District

Other

Listing ID

ML82061457

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:n/a
Roof:Shingle
Sewer:Public Sewer
Parking Features:Covered
Principal Interest
$10,428
Taxes
$2,278

Home Price

$1,900,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$380,000
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:
$10,427.91

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,427.91 $2,278.33 $0.00 $12,706.24
Yearly $125,134.92 $27,340.00 $0.00 $152,474.92
Total $3,754,047.55 $820,200.00 $0.00 $4,574,247.55

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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Current Listings

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Oct 2026

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Average Days on Market

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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: 2026-10-03T13:07:47.000Z

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