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414 E 16th AvenueSan Mateo, CA 94402

For Sale

$1,900,000

Smart Buyer Rebate $19,000

414 E 16th Ave (the Property) is a four-unit multifamily asset built in 1959, situated on a two-story, slab-on-grade structure of stucco and wood construction in San Mateo's Hayward Park submarket. The Property features a unit mix of two (2) studio floorplans and two (2) one-bedroom/one-bathroom floorplans, averaging 775 square feet. The Property is 100% occupied as of August 2026.

The Property offers a new owner a rare combination in this submarket: a fully occupied, free and clear fourplex with copper supply lines, dual-paned vinyl windows building-wide, on-site laundry, and covered tuck-under parking. In-place rents average $2,129 per unit, against market rents of $2,375 per unit, a loss-to-lease of 11.5%. A light interior renovation program, budgeted at $18,750 per unit, supports renovated rents of $2,750 per unit, or a 15.8% premium to current market.

The Property's location places residents between Highway 101 and Interstate 280, within a short drive of Peninsula employers including Sony Interactive Entertainment, Roblox, GoPro, and Franklin Templeton in San Mateo, Oracle in Redwood Shores, and Meta in Menlo Park. Hillsdale Caltrain and the Bay Meadows mixed-use development are both nearby, and Hillsdale Shopping Center provides additional dining and retail options.

Listed by Adam Foley

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License #02144332

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CBRE, Inc.

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408-893-8063

Last updated September 16, 2026

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Source: MLSL #ML82061457

Listing Facts

  • TypeMulti-family
  • NeighborhoodHayward Park
  • Days on Prevu46
  • Taxes$27,340/year
  • Size3,325 sqft
  • Price per sqft$571

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/16/2026
Listed by CBRE, Inc.
$1,900,000
  1. 09/16/2026$1,900,000
    Listed by CBRE, Inc.

Property Details for 414 E 16th Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Shingle
  • Stories: 2
  • Year Built: 1959
  • Year Built Details: 2

Measurements

  • Building Area Total: 3,325
  • Lot Size Area: 5,789
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,789
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.97
  • Gross Income: $99,421.00
  • Operating Expense Includes: Insurance, Maintenance, Other, Utilities

Taxes

  • Parcel Number: 035-072-110
  • Tax Annual Amount: $27,340.00

Interior

Measurements

  • Living Area: 3,325

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Parking Features: Covered Parking

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: Public Utilities, Water - Public, Individual Electric Meters, Individual Gas Meters
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 414 E 16th Avenue.

What are the annual taxes for 414 E 16th Avenue?

Annual taxes for this multi-family home are estimated at $27,340.

How does 414 E 16th Avenue compare to other multi-family homes in Hayward Park?

This multi-family home is listed 0% below the average price for multi-family homes in Hayward Park and has been on the market for 80 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 3,325 sqft.

414 E 16th Avenue is a -bedroom multi-family home for sale in San Mateo CA 94402. Listed on Prevu for 46 days at $1,900,000. This residence features 3,325 square feet of living space, located in Hayward Park. The median listing price for multi-family homes in this area is $1,862,500. The home offers 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 09/16/2026. 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. Data Services by Constellation Data Labs. 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.