1850 El Parque Court, San Mateo, California 94403, San Mateo, 94403 - 0 bed, 0 bath
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San Mateo, California 94403
This Turnkey Multifamily Quadruplex is listed at $2,148,000, representing a stable asset near its $2,053,790 Fair Market Value. Boasting a Turnkey Condition Rating, the property features a versatile unit mix including a 3-bedroom residence, private decks for every unit, and a rare Park and Greenbelt View with direct access to Los Prados Park. Situated in a quiet cul-de-sac near Hillsdale High School and Bayside S.T.E.M. Academy, the property offers immediate rental readiness and high desirability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium house-hack in Silicon Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1850 El Parque Court Subject | $2,148,000* List Price | 0 | 0 | 4,799 | $428 | - |
A 58 E 39th Avenue Sold | $2,400,000 | 0 | 0 | 5,750 | $417 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is described as turnkey and exhibits high pride of ownership with significant exterior updates, including newer dual-pane vinyl windows, fresh modern paint, and professional drought-tolerant landscaping. Although built in 1964, the exterior condition and the 'turnkey' designation suggest that the interior units, kitchens, and bathrooms have been well-maintained or updated to remain competitive in the Silicon Valley rental market, requiring no immediate renovation.
The property features a diverse configuration of one 3-bedroom, two 2-bedroom, and one 1-bedroom units, all in turnkey condition, which maximizes rental appeal and provides flexibility for owner-occupants or investors.
Situated at the end of a quiet cul-de-sac with direct access to Los Prados Park, the property offers a rare combination of privacy, safety, and immediate proximity to expansive green space and recreational facilities.
Each unit is thoughtfully designed with its own private deck or outdoor space, a premium feature in the rental market that significantly enhances tenant retention and lifestyle quality.
Originally built in 1964, the property may require more frequent maintenance or future capital improvements to aging systems compared to newer multi-family developments.
While the middle and high schools are highly rated, the assigned elementary school has a lower rating of 4, which may be a drawback for prospective tenants with young children.
Opportunities like this are few and far between. Tucked away at the end of a quiet cul-de-sac in one of the Peninsulas most desirable communities, this turnkey 4-unit multifamily property offers investors and owner-occupants the rare chance to secure a foothold in the heart of Silicon Valley.The thoughtfully configured unit mix offers flexibility and broad tenant appeal. The property features a spacious 3-bedroom, 2-bath residence with a large private deck, two well-appointed 2-bedroom, 2-bath units each with their own outdoor space, and an oversized 1-bedroom, 1-bath unitan ideal combination for attracting long-term tenants seeking both comfort and functionality.Positioned on a private drive with dedicated off-street parking, the property provides both privacy and conveniencean increasingly valuable combination in todays competitive rental market. The cul-de-sac setting creates a peaceful residential environment while still being moments from major employers, transit corridors, shopping, and diningA standout feature of the property is its direct access to nearby Los Prados Park, where residents can enjoy playgrounds, sports fields, & expansive green space year-round. This rare adjacency to open parkland significantly enhances lifestyle appeall long-term rental desirability.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,799 | 2,520 | 71% |
| Lot Size | 7,206 | 6,101 | 57% |
| Price | $2.15M | $1.75M | 71% |
| Price per sq ft | $448 | $615 | 29% |
| Built year | 1964 | 1954 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 78 | 14% |
Mar 18, 2026
$2,148,000
Initial Listing
Sep 17, 2010
$1,010,000
Public Record
Sep 3, 1998
$575,000
Public Record