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422 Peninsula AvenueSan Mateo, CA 94401

For Sale

$2,200,000

Smart Buyer Rebate $22,000

Office building permissible for preschool, school, medical, lab, wide variety of purposes including 3 residential, new housing dev. Use as triplex requires adding showers, other improvements.

For Lease or Sale.

Reception, 9 Private Offices, 1 Large Conference Room, 3 x 2 Restrooms, Break Room, Outdoor Patio
1/2 mile, Walking Distance to Burlingame Caltrain.

Zoning Summary:
Administrative, executive, and professional offices, provided that the professional offices are limited to those professions listed in Section 5.24.160: accountant, appraiser, architect, assayer, attorney, auditor, bacteriologist, certified public accountant, chemist or laboratory specialist or operator, chiropodist, chiropractor, civil engineer, dental laboratory specialist or operator, dentist, electrical engineer, geologist, hydraulic engineer, medical laboratory specialist or operator, oculist, optician, optometrist, osteopath, physician, structural engineer, surgeon, surveyor, and veterinarian (check for kennel).
Retail of goods and services, Restaurants, Health and recreation, Schools, day care, Financial, business offices, laboratories. Warehousing, storage, and distribution.
Residential, R3 multi-family.
Special Uses: clubs, hotels, religious, kennel, community center, schools.

Listed by Alexander Kent

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License #01718732

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Compass

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650-793-0541

Last updated November 26, 2025

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Source: MLSListings #ML82027074

Listing Facts

  • TypeMulti-family
  • NeighborhoodDowntown San Mateo
  • Days on Prevu39
  • Taxes$14,146/year
  • Size3,450 sqft
  • Price per sqft$638

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

11/26/2025
Price Decreased
$2,200,000
11/07/2025
Listed by Compass
$3,500,000

Property Details for 422 Peninsula Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Tar/Gravel
  • Stories: 1
  • Year Built: 1954
  • Year Built Details: 6
  • Architectural Style: Art Deco

Features

  • Other Structures: Kennel / Dog Run

Measurements

  • Building Area Total: 3,450
  • Lot Size Acres: 0.14
  • Lot Size Area: 6,098
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,098
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.08
  • Gross Income: $176,985.00
  • Operating Expense Includes: Maintenance, Trash, Water/Sewer

Taxes

  • Parcel Number: 032-131-030
  • Tax Annual Amount: $14,146.00

Interior

Features

  • Appliances: Microwave, Refrigerator

Measurements

  • Living Area: 3,450

Other

Features

  • Accessibility Features: Other

Parking

Parking

  • Carport: Yes
  • Parking Features: Off-Street Parking
  • Parking Total: 5

Schools

Elementary School

  • Elementary School District: San Mateo-Foster City Elementary

High School

  • High School District: San Mateo Union High

Utilities

Equipment

  • Cooling: Central Forced Air
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 422 Peninsula Avenue.

Does this multi-family home have parking?

Yes, there are 5 parking spaces available for 422 Peninsula Avenue.

What are the annual taxes for 422 Peninsula Avenue?

Annual taxes for this multi-family home are estimated at $14,146.

How does 422 Peninsula Avenue compare to other multi-family homes in Downtown San Mateo?

This multi-family home is listed 3% above the average price for multi-family homes in Downtown San Mateo and has been on the market for 239 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 3,450 sqft.

422 Peninsula Avenue is a -bedroom multi-family home for sale in San Mateo CA 94401. Available on Prevu for 39 days at $2,200,000. This includes a recent price decrease of $1,300,000. This home features 3,450 square feet of living space, located in Downtown San Mateo. The median listing price for multi-family homes in this area is $399,000. Property amenities include pets allowed and parking. Browse more multi-family home listings in San Mateo.

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.