94 E 39th Avenue, San Mateo, CA 94403
Fourplex
Sold November 2025
Listing Agent: Nate Gustavson (DRE #01898316) · Listing Office: Compass · Contact: (415) 874-5000 · Bought with: Haifa Khoury · Sotheby's Intl Rlty · MLS #ML82017012 · Source: CRMLS
About this fourplex
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 $113,300/year with an in place 4.00% cap rate and 16.13 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.
Listing description from the November 2025 sale, as reported to CRMLS.
Sale history