19 E 41st Pl - Apartments FOR SALE


San Mateo, CA 94403- Hillsdale
$2,050,000 USD
408-316-2157
19 E 41st Pl, San Mateo, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/67
null | 4.48% Cap Rate

19 E 41st Pl
San Mateo, CA 94403
Hillsdale


HIGHLIGHTS

  • Built in 1957, significantly renovated in 2014
  • ± 2,447 SF building on a 7,699 SF lot
  • Well-maintained, turnkey asset with low deferred maintenance
  • Strong tenant demand driven by commuter and professional renter base
  • Two units feature private outdoor space (one fenced yard, one private patio)

OVERVIEW

19 E 41st Place is a well-maintained six-unit multifamily asset in the desirable San Mateo submarket. Built in 1957 and significantly renovated in 2014, the 2,447 SF building on a 7,699 SF lot features upgraded interiors, improved building systems, dual-pane windows, and refreshed exterior finishes. The property offers six spacious studio units, including one with a private yard and one with a private patio. Operational efficiency is a key advantage, with tenants paying all utilities through RUBS, minimizing operating expenses. Additional upside includes an owner-owned on-site laundry machine and six dedicated carport parking spaces, a strong amenity in this Peninsula location.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$838 USD /SF

# OF UNITS

6

PRICE/UNIT

$341,667

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 East 41st Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4-High Density Residenti

APN/PARCEL ID

040-073-100

ASK ABOUT THIS PROPERTY

Sam JaliliCompass CommercialMore Info
408-316-2157

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Sam JaliliCompass CommercialMore Info
408-316-2157

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