TRUE TROPHY FOURPLEX BORDERING HILLSBOROUGH!! The Hillsborough Apartments is an incredible opportunity to acquire a true pride of ownership property in one of the most sought after locations on the peninsula. With outstanding in-place rents, this trophy asset is a true turnkey apartment building perfect for investors, owner-occupiers, and generational family purchasers alike. Strategically positioned west of the El Camino Real, bordering the prestigious Hillsborough neighborhood, this property is a MUST SEE! Attractive Unit Mix: All four units are 2-bed, 1-bath, approximately 1,000 sf each. The property benefits from numerous recent upgrades and capital improvements. All 4 units updated with granite counters and subway tile wainscoting, crown molding, arched walkways, custom cherry cabinets, Restoration Hardware fixtures, Baldwin door knobs & deadbolts, and Leviton dimmer lights and electric plugs. New roof in 2021, new water heaters, new sewer lateral in 2019 & new sewer line and cleanout. New plumbing valves. Double-Paned windows throughout with custom plantation shutters. Energy Efficient Washer/ Dryer in each unit. Add an ADU by converting the garage parking into an additional unit or two to increase value and cash flow!
For sale
$3,850,000
16 W Bellevue Ave, San Mateo, CA 94402
8beds
4baths
3,856sqft
:
Get pre-qualified$25,970/mo
Quadruplex, Residential Income
Built in 1947
-- sqft lot
$3,702,700 Zestimate®
$998/sqft
$-- HOA
What's special
- 20 days |
- 651 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
Bryan Danforth 01789680 650-274-5227,
Compass 650-941-1111,
Matthew Thomson 01471708 650-515-6555,
Compass
Source: MLSListings Inc,MLS#: ML82055296
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Kitchen
- Features: Countertop_Granite
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Washer/Dryer
Features
- Flooring: Hardwood
- Doors: None
Interior area
- Total structure area: 3,856
- Total interior livable area: 3,856 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 6,377 Square Feet
Details
- Parcel number: 032071050
- Zoning: Multifamily: R4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1947
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Utilities for property: Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Mateo
Financial & listing details
- Price per square foot: $998/sqft
- Tax assessed value: $4,153,073
- Annual tax amount: $49,275
- Date on market: 7/23/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, FixturesandEquipment, Land
- Lease term: Month To Month
Estimated market value
Zestimate®
$3,702,700
Estimated sales range
$3.52M - $3.89M
Rent Zestimate®
$3,958/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Listed for sale | $3,850,000+5.5%$998/sqft |
Source: | ||
| 5/25/2026 | Listing removed | $3,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/18/2026 | Listed for rent | $3,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/22/2018 | Sold | $3,650,000+176.5%$947/sqft |
Source: | ||
| 7/17/2006 | Sold | $1,320,000$342/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $52,669 +2.7% | $4,153,073 +2% |
| 2024 | $51,261 +0.5% | $4,071,641 +2% |
| 2023 | $51,027 +1.6% | $3,991,806 +2% |
| 2022 | $50,219 +2.7% | $3,913,536 +2% |
| 2021 | $48,888 +3.7% | $3,836,801 +1% |
| 2020 | $47,138 +2.9% | $3,797,460 +2% |
| 2019 | $45,830 +121.4% | $3,723,000 +139.5% |
| 2018 | $20,702 -0.1% | $1,554,290 +2% |
| 2017 | $20,720 +10.5% | $1,523,814 +2% |
| 2016 | $18,753 +0.2% | $1,493,936 +1.5% |
| 2015 | $18,712 | $1,471,496 +2% |
| 2014 | $18,712 | $1,442,672 +40.1% |
| 2013 | -- | $1,030,000 |
| 2012 | -- | $1,030,000 |
| 2011 | -- | $1,030,000 -10.4% |
| 2010 | -- | $1,150,000 -16.3% |
| 2009 | -- | $1,373,328 +2% |
| 2008 | -- | $1,346,400 +2% |
| 2007 | -- | $1,320,000 +63.2% |
| 2006 | -- | $808,748 |
| 2005 | -- | $808,748 +4% |
| 2004 | -- | $777,345 +1.9% |
| 2003 | -- | $763,099 +2% |
| 2002 | -- | $748,138 +2% |
| 2001 | -- | $733,470 +2% |
| 2000 | -- | $719,089 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: San Mateo Park
Nearby schools
GreatSchools rating
- 2/10San Mateo Park Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Borel Middle SchoolGrades: 6-8Distance: 1.7 mi
- 9/10San Mateo High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: SanMateoFosterCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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