934 S Delaware Street, San Mateo, California 94402, San Mateo, 94402 - 4 bed, 2 bath
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934 S Delaware Street
San Mateo, California 94402
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,942Sq Ft
5,350Lot Size
Property Price
LIST PRICE$1,825,000
EST. MARKET VALUE
$1,822,492
SUMMARY
This multi-unit property represents a Strong Value Opportunity, listed at $1,825,000—positioned well below the $1,822,493 Fair Market Value (effectively at market). With a Fair Condition Rating, the home features refinished hardwood floors and a large, sunny two-level deck, though it requires updates to dated kitchen and bath systems. The configuration offers significant versatility for Buy-and-Hold Investors or Owner-Occupants seeking rental income. Located just half a mile from downtown San Mateo, this asset provides a stable foundation for long-term appreciation.
Estimated Market Value
$1,822,492
Based on Realkey algorithm analyzing recent comparable sales in San Mateo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 934 S Delaware Street Subject 4 bd · 2 ba · 1,942 sqft · $938 | $1,825,000* List Price | 4 | 2 | 1,942 | $938 | - |
A 905 Haddon Drive Sold 3 bd · 2 ba · 1,500 sqft · $1,200 · 0.6 mi | $1,800,000 | 3 | 2 | 1,500 | $1,200 | 0.6 mi |
B 910 Folkstone Avenue Sold 3 bd · 1 ba · 1,250 sqft · $1,160 · 0.5 mi | $1,450,000 | 3 | 1 | 1,250 | $1,160 | 0.5 mi |
C 155 12th Avenue Active 3 bd · 2 ba · 2,282 sqft · $986 · 0.3 mi | $2,250,000 List Price | 3 | 2 | 2,282 | $986 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1936, this property shows well due to recent cosmetic updates including fresh paint and refinished hardwood floors. However, the kitchens and bathrooms are dated, featuring oak cabinetry and appliances consistent with a renovation from 20-30 years ago. While functional and move-in ready, the age of the structure and the dated nature of the primary systems and wet areas align with the Fair criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just half a mile from downtown San Mateo and Central Park, the property offers exceptional walkability to premier dining, shopping, and recreational amenities.
- Multi-Unit Versatility
The configuration of a 4-bedroom main house plus two additional 1-bedroom units provides significant flexibility for high rental income potential or multi-generational living.
- Historic Charm with Modern Updates
This 1930s Tudor-style home features preserved character details like coved ceilings and refinished hardwoods, paired with fresh interior/exterior paint for a move-in-ready feel.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1942, other record living area = 1680.
- Permit Compliance Issues
The garage conversion is explicitly noted as non-permitted and the overall multi-unit status is unverified, which poses risks for financing and future building code enforcement.
- Vintage Infrastructure Risks
As a 1936 structure, the property may have underlying needs regarding aging plumbing, electrical, or foundation systems that cosmetic updates do not fully resolve.
About 934 S Delaware Street
Charming 1930s Home Near Downtown Offering Flexible Multi-Unit Living Owned by the same family for over 60 years, this multi-unit property is located just blocks from downtown dining and Central Parks tranquil Japanese Garden. It offers exceptional flexibility for investment income, owner occupancy or a combination of both, while retaining many of its original character details. Tudor half-timbering accents and fresh landscaping enhance the exterior, while newly painted interiors, high coved ceilings, and refinished hardwood floors create a fresh, move-in-ready feel. A large, sunny, two-level deck extends between the two rear units, providing generous outdoor living space, while substantial off-street parking adds valuable convenience. Multi-unit property with investment income potential and flexibility for owner occupancy (permit status unknown) Two-story 4-bedroom, 2-bath main home; approx.1,942 square feet Detached garage (partially converted) with adjoining 1-bedroom, 1-bath unit; approx. 500 square feet (Non Permitted) 1-bedroom, 1-bath unit with separate address (936 S. Delaware Street); approx. 468 square feet Fresh paint inside and out and updated flooring in all units Significant off-street parking Just one-half mile from downtown San Mateo
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 5,350 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,942 | 1,743.298 |
| Lot Size | 5,350 | 6,079.649 |
| Price | $1.82M | $2.26M |
| Price per sq ft | $940 | $1.4K |
| Built year | 1936 | 1952 |
| HOA | $0 | $387 |
| Days on market | 8 | 33 |
Pricing History
Listed for Sale
Oct 16, 2026
$1,825,000
Initial Listing