
San Mateo, California 94402
Analysis of 16 W Bellevue Avenue, San Mateo, California 94402 is currently available with a list price of $3,850,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Mateo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Despite the 1947 build date, the property is in mint, turnkey condition due to extensive recent capital improvements. Key updates include a new roof (2021), new sewer lateral (2019), new water heaters, and updated plumbing valves. Interiors feature high-end renovations (<5 years) including granite countertops, custom cherry cabinetry, subway tiling, and Restoration Hardware fixtures.
Elementary School: South Hillsborough School (9/10). Middle School: Crocker Middle School (9/10).
Strategically located west of El Camino Real and bordering the prestigious Hillsborough neighborhood, this property commands high tenant demand and long-term appreciation potential in a trophy location.
The property features extensive capital improvements including a 2021 roof and updated sewer lines, paired with luxury interior upgrades like Restoration Hardware fixtures and custom cabinetry, ensuring immediate occupancy with minimal deferred maintenance.
At a list price of $3.85 million, the high cost-per-unit may result in a lower initial capitalization rate, which could be a barrier for yield-focused investors despite the premium location.
Originally constructed in 1947, the property may present inherent challenges associated with older buildings, such as limited electrical capacity or aging structural components not addressed by recent cosmetic renovations.
TRUE TROPHY FOURPLEX BORDERING HILLSBOROUGH!! The Hillsborough Apartments is an incredible opportunity to acquire a true pride of ownership property in one of the most sought after locations on the peninsula. With outstanding in-place rents, this trophy asset is a true turnkey apartment building perfect for investors, owner-occupiers, and generational family purchasers alike. Strategically positioned west of the El Camino Real, bordering the prestigious Hillsborough neighborhood, this property is a MUST SEE! Attractive Unit Mix: All four units are 2-bed, 1-bath, approximately 1,000 sf each. The property benefits from numerous recent upgrades and capital improvements. All 4 units updated with granite counters and subway tile wainscoting, crown molding, arched walkways, custom cherry cabinets, Restoration Hardware fixtures, Baldwin door knobs & deadbolts, and Leviton dimmer lights and electric plugs. New roof in 2021, new water heaters, new sewer lateral in 2019 & new sewer line and cleanout. New plumbing valves. Double-Paned windows throughout with custom plantation shutters. Energy Efficient Washer/ Dryer in each unit. Add an ADU by converting the garage parking into an additional unit or two to increase value and cash flow!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,856 | 2,799 |
| Lot Size | 6,377 | 4,800 |
| Price | $3.85M | $1.60M |
| Price per sq ft | $998 | $310.6K |
| Built year | 1947 | 1939 |
| HOA | $0 | $0 |
| Days on market | 48 | 51 |
Jul 23, 2026
$3,850,000
Initial Listing
Jun 22, 2018
$3,650,000
Public Record
Jul 17, 2006
$1,320,000
Public Record