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16 W Bellevue AvenueSan Mateo, CA 94402

For Sale

$3,850,000

Smart Buyer Rebate $38,500

TRUE TROPHY FOURPLEX BORDERING HILLSBOROUGH!! The Hillsborough Apartments is an incredible opportunity to acquire a true pride of ownership property in one of the most sought after locations on the peninsula. With outstanding in-place rents, this trophy asset is a true turnkey apartment building perfect for investors, owner-occupiers, and generational family purchasers alike. Strategically positioned west of the El Camino Real, bordering the prestigious Hillsborough neighborhood, this property is a MUST SEE! Attractive Unit Mix: All four units are 2-bed, 1-bath, approximately 1,000 sf each. The property benefits from numerous recent upgrades and capital improvements. All 4 units updated with granite counters and subway tile wainscoting, crown molding, arched walkways, custom cherry cabinets, Restoration Hardware fixtures, Baldwin door knobs & deadbolts, and Leviton dimmer lights and electric plugs. New roof in 2021, new water heaters, new sewer lateral in 2019 & new sewer line and cleanout. New plumbing valves. Double-Paned windows throughout with custom plantation shutters. Energy Efficient Washer/ Dryer in each unit. Add an ADU by converting the garage parking into an additional unit or two to increase value and cash flow!

Listed by Bryan Danforth

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License #01789680

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Compass

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650-274-5227

Listed by Matthew Thomson

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License #01471708

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Compass

Last updated July 30, 2026

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Source: MLSListings #ML82055296

Listing Facts

  • TypeMulti-family
  • NeighborhoodSan Mateo Park
  • Days on Prevu9
  • Taxes$49,275/year
  • Size3,856 sqft
  • Price per sqft$998

Amenities

  • Dishwasher
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/23/2026
Listed by Compass
$3,850,000

Property Details for 16 W Bellevue Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition, Shingle
  • Stories: 2
  • Year Built: 1947
  • Year Built Details: 2

Measurements

  • Building Area Total: 3,856
  • Lot Size Area: 6,377
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,377
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.75
  • Gross Income: $169,944.00
  • Operating Expense Includes: Gardener, Insurance, Trash, Water/Sewer

Taxes

  • Parcel Number: 032-071-050
  • Tax Annual Amount: $49,275.00

Interior

Features

  • Appliances: Dishwasher, Microwave, Refrigerator, Washer/Dryer
  • Flooring: Hardwood

Measurements

  • Living Area: 3,856

Parking

Parking

  • Carport: Yes
  • Garage Spaces: 4
  • Garage: Yes
  • Parking Features: Attached Garage

Schools

Elementary School

  • Elementary School District: San Mateo-Foster City Elementary

High School

  • High School District: San Mateo Union High

Utilities

Equipment

  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Individual Electric Meters, Individual Gas Meters

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 16 W Bellevue Avenue.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 16 W Bellevue Avenue.

What are the annual taxes for 16 W Bellevue Avenue?

Annual taxes for this multi-family home are estimated at $49,275.

How does 16 W Bellevue Avenue compare to other multi-family homes in San Mateo Park?

This multi-family home is listed 0% below the average price for multi-family homes in San Mateo Park and has been on the market for 56 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,856 sqft.

16 W Bellevue Avenue is a -bedroom multi-family home for sale in San Mateo CA 94402. Listed on Prevu for 9 days at $3,850,000. This home features 3,856 square feet of living space, located in San Mateo. The median listing price for multi-family homes in this area is $8,175,000. Property amenities include dishwasher, pets allowed, and parking. View other multi-family home listings in San Mateo.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 07/30/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

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.