618 9th Avenue, San Mateo, California 94402, San Mateo, 94402 - 2 bed, 2 bath
618 9th Avenue
San Mateo, California 94402
Property Price
SUMMARY
Analysis of 618 9th Avenue, San Mateo, California 94402 reveals a Prime Investment Opportunity with a current list price of $1,498,000—significantly undercutting the $1,604,825 Fair Market Value by 6%. This valuation gap indicates a +$106,825 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Mateo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 618 9th Avenue Subject | $1,498,000* List Price | 2 | 2 | 1,270 | $1,264 | - |
A 656 Magnolia Drive Sold | $1,580,000 | 2 | 2 | 1,110 | $1,423 | 0.3 mi |
B 1222 Birch Avenue Sold | $1,775,000 | 3 | 1 | 1,200 | $1,479 | 0.4 mi |
C 1541 Maple Street Sold | $1,825,000 | 2 | 1 | 1,220 | $1,496 | 0.9 mi |
D 1131 Hawthorne Drive Sold | $1,810,000 | 3 | 2 | 1,354 | $1,337 | 0.3 mi |
E 1664 Eleanor Drive Sold | $1,728,888 | 4 | 2 | 1,540 | $1,123 | 0.7 mi |
F 957 E Grant Place Pending | $1,495,000 List Price | 2 | 1 | 1,060 | $1,410 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1929 home has been extensively renovated within the last 5 years, featuring a high-end remodeled kitchen with Miele and Bosch appliances, a spa-inspired bathroom with heated floors and a Toto Washlet, and significant infrastructure upgrades including a reinforced foundation, new roof (2020), solar (2022), and updated electrical and plumbing systems.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Infrastructure Upgrades
The property features significant 'behind-the-walls' improvements including a reinforced foundation, updated electrical and plumbing, owned solar (2022), and a newer roof (2020), minimizing future capital expenditures.
- Premium Modernized Interiors
The home boasts a high-end remodeled kitchen with Miele and Bosch appliances and a spa-inspired bathroom with heated floors, seamlessly blending 1929 Spanish-style charm with contemporary luxury.
- Prime Sunnybrae Location
Situated in a highly coveted neighborhood, the residence offers exceptional walkability and access to downtown San Mateo, Caltrain, and major commute corridors, enhancing its long-term desirability.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only two bedrooms and 1,270 square feet of living area, the home's footprint may be restrictive for growing families or buyers requiring multiple dedicated home offices.
- Compact Lot Size
The 4,117 square foot lot is relatively small for the region, which limits outdoor recreational space and potential for future structural expansions or ADU additions.
About 618 9th Avenue
Welcome to this beautifully updated 1929 Spanish-style home in San Mateos coveted Sunnybrae neighborhood. This residence seamlessly blends old-world charm with thoughtful modern upgrades. Rich in character, the home showcases arched doorways and windows, a vintage fireplace, and timeless architectural details that reflect its heritage. Behind the charm are extensive improvements for todays living, including a reinforced foundation, updated electrical main and sub panels, replaced galvanized plumbing, tankless water heater, and owned solar installed in 2022. The remodeled kitchen is both stylish and functional, featuring a Miele induction range with pot filler, Bosch refrigerator with water and ice dispenser, stainless farmhouse sink, and built-in breakfast nook. The spa-inspired bathroom offers heated floors, dual shower heads, enhanced heating and ventilation, and a Toto Washlet. Additional updates include roof and insulation (2020), air conditioning (2021), furnace (approx. 11 years), and most windows replaced within the last decade. The private backyard is a serene retreat with drought-tolerant landscaping, raised garden beds, fruit trees, greenhouse, and shed. Ideally located near downtown San Mateo, Caltrain, parks, and major commute routes.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 4,117 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,270 | 1,823.5 | 9% |
| Lot Size | 4,117 | 7,031 | 4% |
| Price | $1.50M | $2.61M | 5% |
| Price per sq ft | $1.2K | $1.3K | 20% |
| Built year | 1929 | 1953 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 146 | 2% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,498,000
Initial Listing
Sold
Aug 28, 2015
$1,105,000
Public Record