444 Villa Terrace, San Mateo, California 94401, San Mateo, 94401 - 0 bed, 0 bath
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San Mateo, California 94401
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $2,495,000—positioned well below the $2,521,378 Fair Market Value by 1%. With a Condition Rating of 3, the property features recent capital improvements and a remodeled unit, offering $26,378 in Instant Equity. The 7,500 sf lot provides significant expansion potential, including adding units over the carports. Located near top-rated schools and downtown, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, value-add rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 444 Villa Terrace Subject | $2,495,000* List Price | 0 | 0 | 3,607 | $699 | - |
A 436 Turner Terrace Sold | $2,075,000 | 0 | 0 | 2,993 | $693 | 0.3 mi |
B 422 Peninsula Avenue Active | $1,999,999 List Price | 0 | 0 | 3,450 | $580 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1961, the property is well-maintained with significant recent capital improvements including roof work, exterior paint, and deck waterproofing. Unit 3 is fully remodeled with modern finishes (quartz counters, new cabinets, and tile), while other units remain functional and move-in ready. The presence of updated systems and one fully renovated unit offsets the age of the structure.
The property is ideally situated within walking distance to both downtown Burlingame and San Mateo, offering tenants easy access to premium shopping, dining, and transit, which ensures high demand and low vacancy.
The generous 7,500 square foot lot provides a significant opportunity for growth, including the potential to add an additional unit over the carports to maximize rental income and property value.
Extensive recent upgrades such as roof work, deck waterproofing, exterior paint, and a remodeled unit reduce immediate capital expenditure requirements for a new owner.
Built in 1961, the building may require ongoing maintenance or future modernization of original systems like plumbing and electrical that are common in properties of this vintage.
The presence of long-term tenants suggests that current rents may be below market value, and local rent regulations may limit the ability to quickly adjust income to reflect current market rates.
Beautifully maintained 4 unit building in a prime San Mateo location near top rated schools. Excellent Investment Opportunity, long-term tenants with a low vacancy rate. Each 2BR 1BA unit offers private outdoor space, with decks for the upper units and yards for the lower units. Unit 2 includes a carport plus an uncovered space and could serve as an ideal owners unit with its private backyard. Unit 3 features remodeled kitchen with quartz counters, new cabinets, fixtures, and appliances, and modern bath with new tile, vanity, and flooring. Recent upgrades include roof work, deck waterproofing, exterior paint, new doors, and rebuilt carport. Large 7500 sf lot offers room for expansion and possible additional unit over carports. Walk to downtown Burlingame and San Mateo.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.6 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,607 | 2,799 |
| Lot Size | 7,500 | 4,800 |
| Price | $2.50M | $1.61M |
| Price per sq ft | $692 | $172.8K |
| Built year | 1961 | 1939 |
| HOA | $0 | $0 |
| Days on market | 24 | 79 |
Jun 28, 2026
$2,495,000
Initial Listing