N
Seller's Agent in 2025
Nathan Gustavson
Compass
(415) 874-5000
1 in this area
62 Total Sales
422 E 16th Ave San Mateo, CA 94402
Hayward Park Neighborhood
5
Beds
4
Baths
3,964
Sq Ft
4,800
Sq Ft Lot
Highlights
- Tile Countertops
- Tile Flooring
- Coin Laundry
- Borel Middle School Rated A-
- Ceiling Fan
- 4-minute walk to Sunnybrae Park
About This Home
As of April 2025Compass Commercial is pleased to announce the exclusive listing of 422 E. 16th Street. Discover a prime investment opportunity in this well-maintained fourplex at 422 16th Avenue in San Mateo, California. This multifamily investment opportunity offers an ideal blend of location, convenience, and steady rental income. The property features a total of four units: one (1) spacious 2-bedroom/1-bath apartment with a private backyard and patio, alongside three (3) 1-bedroom/1-bath units. Each residence boasts dual-pane windows, ensuring energy efficiency and comfort for tenants. Built in 1961, the building spans 3,964 square feet on a 4,800 square foot lot. Residents benefit from four dedicated carports with storage, as well as brand-new onsite laundry facilities. Situated within walking distance of Station Park's shops and restaurants, this property provides excellent connectivity to Highways 101 and 92, as well as the Hayward Park Caltrain Station.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,326
Year Built
- 1961
Lot Details
- 4,800 Sq Ft Lot
- Back Yard
Home Design
- Quadruplex
- Slab Foundation
- Wood Frame Construction
- Tar and Gravel Roof
Interior Spaces
- 3,964 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Electric Oven
- Range Hood
- Dishwasher
- Tile Countertops
- Formica Countertops
Flooring
- Laminate
- Tile
- Vinyl
Parking
- 4 Carport Spaces
- Assigned Parking
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $110,400
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 4 Leased Units
- Gardener Expense $840
- Insurance Expense $3,000
- Maintenance Expense $5,200
- Other Expense $9,500
- Utility Expense $7,778
- Trash Expense $1,576
- Operating Expense $49,285
- Gross Income $107,088
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2025
Closed on
Apr 9, 2025
Sold by
Chinn Family Trust and Chinn Eugene L
Bought by
Quach Timothy and Lee Angela
Seller's Agent
Nathan Gustavson
Compass
Buyer's Agent
Joey Wang
Keller Williams Realty
List Price
$1,895,000
Sold Price
$1,675,000
Premium/Discount to List
-$220,000
-11.61%
Views
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,578
Avg. Annual Appreciation
-0.07%
Original Mortgage
$1,551,250
Outstanding Balance
$1,547,125
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$127,413
Purchase Details
Closed on
Feb 3, 2020
Sold by
Chinn Sylvia J and Chinn Separate Proper Sylvia J
Bought by
Chinn Eugene L and Chinn Sylvia J
Purchase Details
Closed on
May 19, 2009
Sold by
Damico Lynn M
Bought by
Chinn Eugene Lee and Chinn Sylvia Jeong
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 27, 2006
Sold by
Kleebauer James and Kleebauer Thelma
Bought by
Damico Lynn M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 6, 1997
Sold by
G W Williams Co
Bought by
Kleebauer James and Kleebauer Thelma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,200
Interest Rate
6.12%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,675,000 | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $960,000 | North American Title Company | |
| Grant Deed | $950,000 | First American Title Company | |
| Grant Deed | $436,500 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,551,250 | New Conventional | |
| Previous Owner | $712,500 | New Conventional | |
| Previous Owner | $720,000 | Purchase Money Mortgage | |
| Previous Owner | $105,000 | Unknown | |
| Previous Owner | $450,000 | Purchase Money Mortgage | |
| Previous Owner | $334,000 | Unknown | |
| Previous Owner | $338,500 | Unknown | |
| Previous Owner | $349,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Sold | $1,675,000 | -11.6% | $423 / Sq Ft |
| 03/17/2025 03/17/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | For Sale | $1,895,000 | -- | $478 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,326 | $1,236,236 | $618,118 | $618,118 |
| 2023 | $22,326 | $1,188,234 | $594,117 | $594,117 |
| 2022 | $19,351 | $1,164,936 | $582,468 | $582,468 |
| 2021 | $18,323 | $1,142,096 | $571,048 | $571,048 |
| 2020 | $17,272 | $1,130,386 | $565,193 | $565,193 |
| 2019 | $16,338 | $1,108,222 | $554,111 | $554,111 |
| 2018 | $15,613 | $1,086,494 | $543,247 | $543,247 |
| 2017 | $14,373 | $1,065,192 | $532,596 | $532,596 |
| 2016 | $13,407 | $1,044,306 | $522,153 | $522,153 |
| 2015 | $13,968 | $1,028,620 | $514,310 | $514,310 |
| 2014 | $13,239 | $1,008,472 | $504,236 | $504,236 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan Gustavson
-
Cameron Foster
C
Seller Co-Listing Agent in 2025
Cameron Foster
Compass
(650) 548-9660
1 in this area
38 Total Sales
-
Joey Wang
Buyer's Agent in 2025
Joey Wang
Keller Williams Realty
(510) 592-5554
1 in this area
141 Total Sales
Map
Source: MLSListings
MLS Number: ML81993749
APN: 035-072-050
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