Excellent value-add mixed-use opportunity located in the heart of downtown San Mateo. The property consists of two ground-floor retail units and two large residential units above. The apartments are currently rented by the room, allowing for increased cash flow and lower vacancy risk. The property is not turnkey, providing investors or owner-users the opportunity to reposition and unlock further upside through interior improvements and rent optimization. Prime location with strong demographics, high foot traffic, and close proximity to Caltrain, SamTrans, Central Park, and downtown amenities.