94 East 39th Avenue is beautifully updated four (4) unit multifamily asset in a prime San Mateo location, ideal for investors or owner-users. Located in the quiet San Mateo Village neighborhood just five (5) blocks from Hillsdale Shopping Center, the property features four spacious 1-Bedroom/1-Bath units (~630 sqft), all tastefully renovated with quartz countertops, updated appliances, modern flooring, and upgraded electrical. His-and-hers closets and individual water heaters add comfort, ample hot water and convenience for the tenants. --- Situated on a 6,101 square foot lot, the building includes four (4) covered carport, a bonus side yard with potential for added parking or storage, and an on-site laundry room with owned washer/dryer machines for additional income. --- Tenants enjoy proximity to Hillsdale Mall, Trader Joes, Whole Foods, and multiple public parks. The property provides easy access and is a short walk to El Camino Real, Hwy 92, Hwy 101, and Caltrain. Current annual income exceeds $113,000/year with an in place 3.41% cap rate and 18.12 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.
Appliances: Cooktop - Gas, Oven Range - Gas, Refrigerator
Flooring: Carpet, Laminate, Vinyl/Linoleum
Measurements
Living Area: 2,520
Parking
Parking
Carport Spaces: 4
Carport: Yes
Parking Features: Assigned Spaces, Carport
Parking Total: 2
Schools
Elementary School
Elementary School: Beresford Elementary
Elementary School District: San Mateo-Foster City Elementary
High School
High School: Hillsdale High
High School District: San Mateo Union High
Middle or Junior School
Middle Or Junior School: Abbott Middle
Utilities
Equipment
Cooling: Ceiling Fan
Heating: Wall Furnace
Laundry Features: Coin Operated
Sewer: Public Sewer
Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
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.
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.
