N
Seller's Agent in 2025
Nathan Gustavson
Compass
(415) 874-5000
3 in this area
59 Total Sales
94 E 39th Ave San Mateo, CA 94403
Hillsdale Neighborhood
4
Beds
4
Baths
2,520
Sq Ft
6,103
Sq Ft Lot
Highlights
- Ceiling Fan
- Coin Laundry
- Carpet
- George Hall Elementary School Rated A
About This Home
As of November 202594 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.
Property Details
Home Type
- Multi-Family
Year Built
- 1954
Lot Details
- 6,103 Sq Ft Lot
Home Design
- Quadruplex
- Shingle Roof
- Composition Roof
- Fiberglass Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,520 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Gas Oven
- Gas Cooktop
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- 2 Parking Spaces
- 4 Carport Spaces
- Assigned Parking
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $112,800
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 4 Leased Units
- Gardener Expense $1,494
- Insurance Expense $2,850
- Maintenance Expense $3,800
- Other Expense $2,577
- Utility Expense $3,995
- Trash Expense $1,408
- Operating Expense $36,713
- Gross Income $109,901
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2025
Closed on
Nov 18, 2025
Sold by
Ferraris Family Trust and Nancy Mary Sivy Trust
Bought by
Pagador Neal Alan and Pagador Lionel Aguinaldo
Seller's Agent
Nathan Gustavson
Compass
Buyer's Agent
Haifa Khoury & Ruba Kaileh
Sotheby's Intl Rlty
List Price
$2,048,000
Sold Price
$1,760,000
Premium/Discount to List
-$288,000
-14.06%
Views
49
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
166.67%
Purchase Details
Closed on
Apr 25, 2016
Sold by
Delbon Margaret L and Zucca Gino Stephen
Bought by
The Ferraris Family Trust and Ferraris Linda F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 22, 2015
Sold by
Sivy Nancy M
Bought by
Sivy Nancy Mary
Purchase Details
Closed on
Apr 16, 2015
Sold by
Ferraris Frank D
Bought by
Ferraris Frank D and Ferraris Linda F
Purchase Details
Closed on
Jun 18, 2013
Sold by
Zucca Teresa P
Bought by
Zucca George J and Zucca Teresa P
Purchase Details
Closed on
Dec 27, 2012
Sold by
Zucca David F
Bought by
Zucca Teresa P and Sivy Nancy M
Purchase Details
Closed on
Nov 18, 2008
Sold by
Ferraris Leonilda
Bought by
The Leonilda Ferraris Living Trust and Ferraris Leonilda
Purchase Details
Closed on
Nov 15, 2008
Sold by
Ferraris Frank D
Bought by
Ferraris Leonilda
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 | $1,760,000 | First American Title | |
| Grant Deed | $457,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $255,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2025 11/21/25 | Sold | $1,760,000 | -3.7% | $698 / Sq Ft |
| 10/31/2025 10/31/25 | Pending | -- | -- | -- |
| 10/07/2025 10/07/25 | Price Changed | $1,828,000 | -10.7% | $725 / Sq Ft |
| 08/05/2025 08/05/25 | For Sale | $2,048,000 | -- | $813 / 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 | $11,486 | $637,918 | $338,043 | $299,875 |
| 2023 | $11,486 | $613,151 | $324,918 | $288,233 |
| 2022 | $11,129 | $601,130 | $318,548 | $282,582 |
| 2021 | $10,433 | $589,345 | $312,303 | $277,042 |
| 2020 | $10,371 | $583,304 | $309,102 | $274,202 |
| 2019 | $10,038 | $571,868 | $303,042 | $268,826 |
| 2018 | $8,948 | $560,657 | $297,101 | $263,556 |
| 2017 | $8,994 | $549,666 | $291,277 | $258,389 |
| 2016 | $3,495 | $129,549 | $46,969 | $82,580 |
| 2015 | $3,587 | $127,604 | $46,264 | $81,340 |
| 2014 | $3,894 | $125,105 | $45,358 | $79,747 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan Gustavson
-
Eric Peterson
Seller Co-Listing Agent in 2025
Eric Peterson
Compass
(408) 835-9697
1 in this area
3 Total Sales
-
Haifa Khoury & Ruba Kaileh
Buyer's Agent in 2025
Haifa Khoury & Ruba Kaileh
Sotheby's Intl Rlty
(650) 799-2204
3 in this area
99 Total Sales
Map
Source: MLSListings
MLS Number: ML82017012
APN: 040-072-010
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