
San Mateo, California 94403
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $467,904 Fair Market Value by 3%. This valuation gap offers $17,904 in Instant Equity for buyers. Featuring a Fair Condition Rating, the unit includes a wood-burning fireplace, skylight, and west-facing views. While the interior requires cosmetic modernization, the secure gated parking and in-unit laundry provide strong utility. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into the San Mateo market.
Property is moderate renovation needed.
Built in 1980, this 44-year-old property features original-style kitchen and bathroom finishes, including dated dark wood cabinetry, tile countertops with thick grout lines, and older white appliances. While the unit appears well-maintained and functional, the listing description's mention of 'tremendous upside' and the visual evidence of 1980s decor (wallpaper and gold-trimmed fixtures) indicate it is dated and requires cosmetic updates.
Situated on the desirable west side of El Camino Real, this condo offers a rare entry-level price point for San Mateo with significant potential for equity growth through cosmetic updates.
The unit features highly sought-after conveniences including an in-unit washer and dryer, a wood-burning fireplace, and a skylight that maximizes natural light.
The property includes a deeded parking space within a secure gated garage and ample storage, providing a level of security and utility often missing in smaller condominium complexes.
At just 611 square feet, the compact layout may feel restrictive for buyers seeking a home office or additional living space.
The marketing emphasis on 'making it your own' and 'upside potential' suggests the interior finishes may be dated, requiring immediate renovation capital after purchase.
Want your adult-child to finally move out of your home and off your 'payroll?' This one-bedroom, one-bath condo may be the answer! Great starter home to make your own located on the West Side of the El Camino Real in San Mateo in a quiet, well-maintained complex. Washer and dryer in unit that also boasts a beautiful fireplace, skylight, all existing kitchen appliances, and a balcony deck with west-facing views of the surrounding hills and neighborhood. Great opportunity to earn tremendous upside after close of escrow. Ample storage and deeded parking space is secure and located inside one of two gated garage areas. An excellent investment for both owner-occupiers and investors looking for a prime westside location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 1.9 |
| Baths | 1.0 | 1.4 |
| Square foot | 611 | 1,012.867 |
| Lot Size | - | 11,315.511 |
| Price | $450.0K | $745.6K |
| Price per sq ft | $736 | $786 |
| Built year | 1980 | 1981 |
| HOA | $355.0 | $818 |
| Days on market | 45 | 65 |
Sep 9, 2026
$450,000
Initial Listing
Dec 7, 1998
$140,000
Public Record