NOT LISTED FOR SALE

54 E 39th Ave San Mateo, CA 94403

Hillsdale Neighborhood

Estimated Value: $1,799,000 - $2,004,000

5 Beds
4 Baths
3,943 Sq Ft
$485/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $1,775,000 $450 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $12,119/month

47 Days on Market

Highlights

  • Coin Laundry
  • Washer and Dryer
  • Carpet
  • George Hall Elementary School Rated A

About This Home

As of August 2023

San Mateo Village fouplex offering a desireable mix of (3) 1 Bedroom/1 Bathroom units and (1) 2 Bedroom/1 Bathroom unit with 4 covered parking spaces and laundry on-site. This fantastic location offers tenants the ideal commute for the new Meta/Facebook campus, Sony, Gilead, Visa, Snowflake, Rakutan, Tesla, and Medidata with easy access to 101 and 92 and blocks away from Hillsdale CalTrain Station. Enjoy Downtown San Mateo with exciting restaurants, shops and nightlife as well as Hillsdale Shopping Center, Whole Foods, Marina Food, Mollie Stone, Laurel Meadow & Casanova Park

Last Agent to Sell the Property

Kelly McSweeney

Christie's International Real Estate Sereno License #02094309 Listed on: 06/01/2023

Christie's International Real Estate Sereno

Last Buyer's Agent

Kelly McSweeney

Christie's International Real Estate Sereno License #02094309 Listed on: 06/01/2023

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 7,279 Sq Ft Lot

Home Design

  • Quadruplex
  • Slate Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,943 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Carport Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $106,200
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $3,300
  • Insurance Expense $2,458
  • Utility Expense $5,512
  • Trash Expense $2,532
  • Operating Expense $45,117
  • Gross Income $103,014

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3943
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Living Sq Ft: 3943
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Slate

Garage/Parking

  • Garage Parking Features: Carport, On Street
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1671
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7280.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7280.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.36
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 2458
  • Expense Landscape: 3300
  • Expenses Total: 45117
  • Expenses Utility: 5512
  • Expense Trash: 2532
  • Income Annual Gross: 103014.00
  • Income Annual Rental: 106200
  • Income Gross Scheduled: 106200
  • Meters: Master Water, Separate Common Area, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Aug 24, 2023
Sold by
Lockner April
Bought by
Alvaro Family Trust and Alvaro
Seller's Agent
Kelly McSweeney
Christie's International Real Estate Sereno
Buyer's Agent
Kelly McSweeney
Christie's International Real Estate Sereno
List Price
$1,950,000
Sold Price
$1,775,000
Premium/Discount to List
-$175,000
-8.97%
Views
56
Current Estimated Value
$1,912,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,063
Avg. Annual Appreciation
3.26%
Original Mortgage
$150,000
Outstanding Balance
$146,563
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$1,765,500

Purchase Details

Listed on
Apr 10, 2018
Closed on
Sep 11, 2018
Sold by
Razovich Lizbeth Ann
Bought by
Lockner April
Seller's Agent
Chris Giotinis
SC Properties
Buyer's Agent
Edward Milestone
Berkshire Hathaway-Franciscan
List Price
$1,995,000
Sold Price
$2,140,000
Premium/Discount to List
$145,000
7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.71%
Original Mortgage
$311,000
Interest Rate
4.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 10, 2018
Closed on
Aug 28, 2018
Sold by
Peruzaro Donna L and The Thomas Lussier And Donna P
Bought by
Lockner April
Seller's Agent
Chris Giotinis
SC Properties
Buyer's Agent
Edward Milestone
Berkshire Hathaway-Franciscan
List Price
$1,995,000
Sold Price
$2,140,000
Premium/Discount to List
$145,000
7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Interest Rate
4.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 3, 2016
Sold by
Peruzzaro Mary S and Peruzzaro Mark I
Bought by
Peruzzaro Mark I

Purchase Details

Closed on
Apr 2, 2012
Sold by
Peruzzaro Donna L
Bought by
Peruzzaro Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2009
Sold by
Peruzzaro Italo and Peruzzaro Joann
Bought by
Peruzzaro Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2009
Sold by
Peruzzaro Donna L
Bought by
Peruzzaro Italo and Peruzzaro Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2006
Sold by
Peruzzaro Mark
Bought by
Peruzzaro Mark I and Peruzzaro Mary S

Purchase Details

Closed on
Mar 20, 2006
Sold by
Peruzzaro Donna L
Bought by
Peruzzaro Donna L and Thomas Lussier & Donna Peruzzaro Trust

Purchase Details

Closed on
Feb 13, 2006
Sold by
Lussier Thomas
Bought by
Peruzzaro Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2005
Sold by
Jepsen Justine Pardini and Collins William E
Bought by
Peruzzaro Italo and Peruzzaro Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 2005
Sold by
Nurisso Robert T and Nurisso Virginia M
Bought by
Jepsen Justine Pardini and Collins William E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alvaro Family Trust $1,775,000 Fidelity National Title Compan
Lockner April -- North American Title Co
Lockner April $2,140,000 North American Title Co
Peruzzaro Mark I -- None Available
Peruzzaro Donna L -- Accommodation
Peruzzaro Donna L -- Accommodation
Peruzzaro Italo -- Fidelity National Title Co
Peruzzaro Mark I -- None Available
Peruzzaro Donna L -- None Available
Peruzzaro Italo -- None Available
Peruzzaro Donna -- Fidelity National Title Co
Peruzzaro Mark I -- Fidelity National Title Co
Peruzzaro Italo $810,000 Fidelity Nationall Title Co
Jepsen Justine Pardini $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvaro Family Trust $150,000
Previous Owner Lockner April $311,000
Previous Owner Peruzzaro Donna L $639,000
Previous Owner Peruzzaro Italo $656,000
Previous Owner Peruzzaro Italo $526,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $1,775,000 -9.0% $450 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $1,950,000 -8.9% $495 / Sq Ft
09/20/2018 09/20/18 Sold $2,140,000 +7.3% $543 / Sq Ft View Prior Sale
04/30/2018 04/30/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $1,995,000 -- $506 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $25,569 $1,810,500 $1,377,000 $433,500
2023 $25,569 $2,294,509 $1,501,081 $793,428
2022 $31,766 $2,249,520 $1,471,649 $777,871
2021 $31,315 $2,205,413 $1,442,794 $762,619
2020 $30,103 $2,182,800 $1,428,000 $754,800
2019 $28,421 $2,140,000 $1,400,000 $740,000
2018 $14,574 $972,836 $486,418 $486,418
2017 $13,381 $953,762 $476,881 $476,881
2016 $13,014 $935,062 $467,531 $467,531
2015 $12,003 $921,018 $460,509 $460,509
2014 $11,543 $902,978 $451,489 $451,489
Source: Public Records

Agents Affiliated with this Home

  • Kelly McSweeney

    Seller's Agent in 2023

    Kelly McSweeney

    Christie's International Real Estate Sereno

    (650) 215-8355

    1 in this area

    40 Total Sales

    Kelly McSweeney
    Section Image
  • Chris Giotinis

    Seller's Agent in 2018

    Chris Giotinis

    SC Properties

    (650) 465-4028

    1 in this area

    22 Total Sales

    Chris Giotinis
    Section Image
  • Kevin Phillips

    Seller Co-Listing Agent in 2018

    Kevin Phillips

    SC Properties

    (650) 380-2868

    20 Total Sales

    Kevin Phillips
    Section Image

  • E

    Buyer's Agent in 2018

    Edward Milestone

    Berkshire Hathaway-Franciscan

  • R

    Buyer Co-Listing Agent in 2018

    RECIP

    Out of Area Office

  • M

    Buyer Co-Listing Agent in 2018

    Maryville Poe

    Real Estate Masters

See All Agents

Map

Source: MLSListings

MLS Number: ML81930347

MLSListings

APN: 040-072-270

California San Mateo County San Mateo 94403 Hillsdale

54 E 39th Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes