$1,900,000

414 E 16th Ave San Mateo, CA 94402

Hayward Park Neighborhood

Estimated payment $11,983/month

2 Beds
4 Baths
3,325 Sq Ft
$571 Price per Sq Ft

About This Home

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.

Listing Agent

Adam Foley

CBRE, Inc. License #02144332 Listed on: 09/16/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,325 Sq Ft Home
  • 2-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $4,000
  • Maintenance Expense $1,690
  • Other Expense $2,460
  • Utility Expense $7,562
  • Operating Expense $43,052
  • Gross Income $99,421

Property Details

Home Type

Multi-Family

Year Built

1959

Listing Details

  • Zoning: n/a
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3325
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 3325
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5789.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5789.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.54
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 4000
  • Expense Maintenance: 1690
  • Expenses Other: 2460
  • Expenses Total: 43052
  • Expenses Utility: 7562
  • Income Annual Gross: 99421.00
  • Income Annual Rental: 102211
  • Income Gross Scheduled: 102496
  • Income Includes: Laundry, Rents
  • Income Other: 285
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/16/2026 09/16/26 For Sale $1,900,000 -- $571 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82061457

MLSListings
California San Mateo County San Mateo 94402 Hayward Park

414 E 16th Ave, San Mateo, CA

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Adam Foley
Listing Agent
Adam Foley
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CBRE, Inc.
(650) 284-3911
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