
San Mateo, California 94403
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $1,549,000—positioned slightly above the $1,533,273 Fair Market Value. While the property requires modernization, its Condition Rating of 4 provides a blank canvas for value-add renovations. Located in the desirable Westwood Knolls, the home offers proximity to top-tier schools like Ralston Intermediate and Carlmont High. With a 5,000 sq. ft. lot and partial hill views, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build long-term equity through strategic updates.
Charming 3BR San Mateo home in Westwood Knolls. Prime location near top schools and Caltrain. Excellent value-add potential for buyers seeking a renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 36th Avenue Subject | $1,549,000* List Price | 3 | 1 | 1,020 | $1,503 | - |
A 3518 Winway Circle Sold | $1,915,000 | 3 | 1 | 1,090 | $1,757 | 0.1 mi |
B 678 29th Sold | $1,100,000 | 2 | 1 | 1,020 | $1,078 | 0.8 mi |
C 73 Poinsettia Avenue Active | $1,499,950 List Price | 2 | 1 | 1,050 | $1,429 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the home is well-maintained but dated. The kitchen features white tile countertops and appliances consistent with a renovation from 20+ years ago. While functional and move-in ready, the property requires modern updates to the kitchen and bath to meet current standards.
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
Situated in the desirable Westwood Knolls neighborhood, this home is exceptionally located within walking distance to Laurel Elementary, Hillsdale Shopping Center, and the Caltrain station, offering peak convenience for families and commuters.
The level 5,000 square foot lot and existing single-level floor plan provide a versatile canvas for buyers looking to expand, renovate, or add modern value in a high-demand San Mateo market.
With three bedrooms but only one bathroom, the current configuration may be a significant drawback for modern families and could necessitate a costly renovation to add a second bath.
Having been under the same ownership for many years, the property is positioned as an opportunity to 'add your own stamp,' implying that the interior finishes and systems may be dated and require immediate capital improvement.
Welcome to 261 36th Avenue, a charming single-level home in San Mateo's desirable Westwood Knolls neighborhood. Built in 1950 and offering 1,045 square feet of thoughtfully planned living space, this three-bedroom, one-bath residence blends classic mid-century character with a bright, functional floorplan. An attached one-car garage and a level 5,000 square foot lot with mature landscaping complete the picture, offering generous room to garden, entertain, and enjoy the outdoors. Homes of this era carry a warmth that's hard to replicate, and this one has been cared for by the same ownership for years. There is a wonderful opportunity here for a buyer to add their own stamp, leveraging the existing floorplan and ample backyard. The location is a standout. Laurel Elementary and the Hillsdale branch of the San Mateo Public Library are just one to two blocks away, with Abbott Middle School and Hillsdale High School both less than a mile from the door. Hillsdale Shopping Center is under half a mile, offering grocery, dining, and specialty retail, and Beresford Recreation Center and Park is approximately one mile away. Commuters will appreciate the Hillsdale Caltrain station roughly a mile away, along with quick access to Highways 92 and 101.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.1 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,020 | 1,680.139 |
| Lot Size | 5,000 | 5,985.125 |
| Price | $1.55M | $2.23M |
| Price per sq ft | $1.5K | $1.4K |
| Built year | 1950 | 1951 |
| HOA | $0 | $401 |
| Days on market | 9 | 32 |
Aug 31, 2026
$1,549,000
Initial Listing