
San Mateo, California 94401
This duplex presents a High-Potential Investment Opportunity with a List Price of $2,328,000—positioned above the $2,270,857 Fair Market Value. While the property requires capital improvements due to its Condition Rating of 4, the asset offers significant upside through modernization. Its prime location near major tech employers and transit hubs ensures strong rental demand for the spacious two-bedroom floor plans. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on the high-growth San Mateo rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4 Warren Road Subject | $2,328,000* List Price | 0 | 0 | 3,450 | $663 | - |
A 444 Villa Terrace Active | $2,495,000 List Price | 0 | 0 | 3,607 | $692 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, the property is functional but dated. The kitchen features older cabinetry and linoleum flooring that likely exceed 20 years in age, despite some newer stainless steel appliances. The exterior wood shingle roof appears weathered and near the end of its life cycle, suggesting a need for upcoming capital improvements and modernization of systems.
The property is ideally situated within walking distance to Downtown Burlingame and close to Downtown San Mateo, offering tenants easy access to premium shopping, dining, and entertainment.
Proximity to major transportation corridors including Highway 101, Route 92, and the Caltrain station provides seamless access to San Francisco, San Jose, and top tech employers.
With approximately 3,450 square feet of living space on a generous lot, this duplex offers spacious two-bedroom floor plans that are highly competitive in the local rental market.
Built in 1941, the property may require significant capital expenditures for modernizing aging systems, utilities, and structural components to meet contemporary standards.
The list price of over $2.3 million represents a high cost-per-unit, which may result in a lower initial cap rate and require a longer-term strategy for significant ROI.
4-6 Warren Rd is a well-situated duplex investment opportunity located in the thriving city of San Mateo, California. Situated on a 6,849 square foot parcel of land, the subject property was originally constructed in 1941 and has a gross building area of approximately 3,450 square feet, offering its tenants beautifully designed two-bedroom floor plans. Located within walking distance to Downtown Burlingame (0.8mi), 4-6 Warren Rd is 1.3 miles from San Mateo Central Park and Downtown San Mateo, featuring a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. These transportation hubs provide tenants and residents with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,450 | 2,799 |
| Lot Size | 6,881 | 4,800 |
| Price | $2.33M | $1.60M |
| Price per sq ft | $675 | $310.6K |
| Built year | 1941 | 1939 |
| HOA | $0 | $0 |
| Days on market | 36 | 51 |
Aug 4, 2026
$2,328,000
Initial Listing
May 13, 2024
$2,200,000
Public Record
Aug 19, 2010
$239,000
Public Record