126 N Ellsworth Ave - Apartments FOR SALE


San Mateo, CA 94401- North Central
$2,300,000 USD
650-771-8821
126 N Ellsworth Ave, San Mateo, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/31
null | 4.52% Cap Rate

126 N Ellsworth Ave
San Mateo, CA 94401
North Central


HIGHLIGHTS

  • Corner Lot / A+ Location
  • Property Inspections are Buyer Favorable

OVERVIEW

All Units Will Be Open For Viewing This Thursday 12/18 From 11:30 Am to 12:15 Pm. Prime 8,800+ Sq Ft Corner Lot. This well-located five-unit property sits on a prominent corner lot in one of San Mateo’s most strategic and in-demand locations. All five units have been upgraded, and property inspection reports are buyer-favorable. Zoned R-4, the property supports higher-density residential development, offering meaningful value-add potential for investors or developers. With an exceptional 94 Walk Score, 126 N Ellsworth is just 1.5 blocks from Caltrain and steps to Downtown San Mateo’s core business district, dining, and retail. This central, transit-oriented location consistently supports strong tenant demand and historically low vacancy, driven by immediate access to the Peninsula’s leading AI, tech, and biotech employers. Buyer to verify all unit features and habitability.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$821 USD /SF

# OF UNITS

5

PRICE/UNIT

$460,000

CAP RATE

4.52%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Large Corner Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,799 SF

ZONING

RM4, San Mateo

APN/PARCEL ID

032-302-010

ASK ABOUT THIS PROPERTY

Scott PhilipBay Area EstatesMore Info
650-771-8821

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Scott PhilipBay Area EstatesMore Info
650-771-8821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.