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

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. ________________________________________

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.