20012003 Parrott Drive, San Mateo, CA 94402

About this commercial property

Price reduced 4/29/2026. Crystal Springs Apartments is a generational multifamily asset, held by the same family for decades after establishing deep roots in San Mateo County more than 90 years ago. Constructed in 1978 by the developer of the adjacent Crystal Springs Village Shopping Center, the property reflects a level of care, intention, and permanence that is increasingly rare. Both in construction and interior character, the residences offer an experience more akin to a single-family home than a conventional rental property. It is 10-units consisting of (2) 2 bed / 2.5-bath townhouses, (5) 2 bed / 2 bath, and (3) 1 bed / 1 bath units. The property is two separate buildings located in a primarily single family residential neighborhood. It is situated on two separate parcels (041-203-010 and 041-203-020) that combine for ~0.35 acres of land. Residents enjoy amenities such as enclosed garage and covered parking, vaulted ceilings in second floor units, fireplace in each unit, and balconies and/or patios. The property's Peninsula location is near the midpoint of San Francisco and the Silicon Valley allowing for easy access to all major Bay Area employment centers. The neighboring multifamily property at 2005 Parrott Dr sold for $769,533 per unit on 2/20/2026.

Listing description from the July 2026 sale, as reported to CRMLS.

Sale history

$5,650,000

Sold July 2026 · listed $5,988,000, orig. $7,088,000, on market March 2026 · MLS #ML82036937 · Source: CRMLS

Listing Agent: Carlos Azucena · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Carlos Azucena · Marcus & Millichap

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