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116 San Felipe AvenueSan Bruno, CA 94066

For Sale

$1,499,000

Smart Buyer Rebate $14,990

Rarely available, two buildings on one lot cash cow. Front building has nine individually rented rooms with common kitchen & baths. Rear, free standing charming cottage has fenced yards and parking. Front house is two stories with common kitchen upstairs, nine month to month rented rooms, two full and one quarter common baths, and a small common food prep area on first floor. Rear House is charming with two bedrooms, living room, cheerful kitchen, and a two large private storage areas down and a private laundry area. Long time family owned, it is perfect for a hands on property manager to maximize rental income; a person who lives in the rear house and rents the front; an organization that needs individual room flexibility, or a buyer that can envision future possibilities with its large lot. It is within mere feet of El Camino Real with north/south bus stops on the corners, Please do not disturb tenants. A unique, rare opportunity!

Listed by Brian Boisson

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License #00591631

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Intero Real Estate Services

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650-871-3603

Last updated August 11, 2025

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Source: MLSListings #ML82015456

Listing Facts

  • TypeMulti-family
  • NeighborhoodLomita Park
  • Days on Prevu30
  • Taxes$8,335/year
  • Size3,540 sqft
  • Price per sqft$423

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

08/11/2025
Listed by Intero Real Estate Services
$1,499,000

Property Details for 116 San Felipe Avenue

Exterior

Construction

  • Roof: Other
  • Stories: 2
  • Year Built: 1930
  • Year Built Details: 2

Measurements

  • Building Area Total: 3,540
  • Lot Size Acres: 0.16
  • Lot Size Area: 7,112
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,112
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.24
  • Gross Income: $96,000.00
  • Operating Expense Includes: Gardener, Utilities, Water/Sewer

Taxes

  • Parcel Number: 021-162-130
  • Tax Annual Amount: $8,335.00

Interior

Features

  • Appliances: Washer/Dryer - Some Units

Measurements

  • Living Area: 3,540

Parking

Parking

  • Carport: Yes
  • Parking Features: Off-Site Parking
  • Parking Total: 4

Schools

Elementary School

  • Elementary School District: Millbrae Elementary

High School

  • High School District: San Mateo Union High

Utilities

Equipment

  • Heating: Central Forced Air - Gas, Other, Wall Furnace
  • Laundry Features: Hookups Only
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.