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320 Villa TerraceSan Mateo, CA 94401

For Sale

$2,188,000

Smart Buyer Rebate $21,880

Welcome to 320 Villa Terrace, a rare opportunity to own a historic 1907 triplex with a bonus studio in the heart of San Mateo. This beautifully maintained property offers 3,880 sqft of living space on a 7,500 sqft lot. It includes two 1BD/1BA units, one 2BD/1BA unit, and a non-conforming basement studio ideal for added rental income or flexible use. Unit #1 features a bright living room, two spacious bedrooms with hardwood floors, and updated kitchen & bathroom. Unit #2 offers a sunny living room with fireplace, updated kitchen & bath, and newer appliances. Unit #3 includes a cozy bedroom, large eat-in kitchen, and bonus office/living space. Each unit comes with its own attached one-car garage. The property also features a shared laundry area, ample storage, and a full basement. The expansive backyard offers potential for an ADU - buyers to verify with the City of San Mateo. Conveniently located between Burlingame and Downtown San Mateo, it's minutes to shopping, dining, the Japanese Tea Garden, Coyote Point, and San Mateo Arboretum. A perfect blend of historic charm, central location, and rental upside. 320 Villa Terrace is a true San Mateo gem!

Listed by OWN Real Estate

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License #70010079

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KW Advisors

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650-888-0153

Listed by Hessam Shirmohammadi

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License #02091606

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KW Advisors

Last updated August 26, 2025

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Source: MLSListings #ML82008039

Listing Facts

  • TypeMulti-family
  • NeighborhoodDowntown San Mateo
  • Days on Prevu111
  • Taxes$30,030/year
  • Size3,880 sqft
  • Price per sqft$564

Amenities

  • Dishwasher
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

05/22/2025
Listed by KW Advisors
$2,188,000

Property Details for 320 Villa Terrace

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Other
  • Stories: 2
  • Year Built: 1907
  • Year Built Details: 2

Measurements

  • Building Area Total: 3,880
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,563
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,563
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.21
  • Gross Income: $93,376.00
  • Operating Expense Includes: Insurance, Maintenance, Trash, Water/Sewer

Taxes

  • Parcel Number: 032-161-020
  • Tax Annual Amount: $30,030.00

Interior

Features

  • Appliances: Dishwasher, Hood Over Range, Microwave, Oven Range - Gas, Refrigerator
  • Flooring: Hardwood, Laminate, Tile

Measurements

  • Living Area: 3,880

Parking

Parking

  • Carport: Yes
  • Garage Spaces: 3
  • Garage: Yes
  • Parking Features: Assigned Spaces, Attached Garage, On Street
  • Parking Total: 6

Schools

Elementary School

  • Elementary School District: San Mateo-Foster City Elementary

High School

  • High School District: San Mateo Union High

Utilities

Equipment

  • Cooling: Other
  • Heating: Central Forced Air
  • 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.