Compass Commercial is pleased to announce the exclusive listing of 422 E. 16th Street. Discover a prime investment opportunity in this well-maintained fourplex at 422 16th Avenue in San Mateo, California. This multifamily investment opportunity offers an ideal blend of location, convenience, and steady rental income. The property features a total of four units: one (1) spacious 2-bedroom/1-bath apartment with a private backyard and patio, alongside three (3) 1-bedroom/1-bath units. Each residence boasts dual-pane windows, ensuring energy efficiency and comfort for tenants. Built in 1961, the building spans 3,964 square feet on a 4,800 square foot lot. Residents benefit from four dedicated carports with storage, as well as brand-new onsite laundry facilities. Situated within walking distance of Station Park's shops and restaurants, this property provides excellent connectivity to Highways 101 and 92, as well as the Hayward Park Caltrain Station.
Sold for $1,675,000
$1,675,000
422 E 16th Ave, San Mateo, CA 94402
5beds
4baths
3,964sqft
Quadruplex, Residential Income
Built in 1961
-- sqft lot
$1,700,800 Zestimate®
$423/sqft
$4,947 Estimated rent
Home value
$1,700,800
$1.53M - $1.89M
$4,947/mo
Zestimate® history
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$10,528/mo
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$10,528/mo
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List your homeWhat's special
Private backyard and patioBrand-new onsite laundry facilitiesDual-pane windows
Zillow last checked:
Listing updated:
Listed by:
Nate Gustavson 01898316 415-786-9410,
Compass 415-874-5000,
Cameron Foster 00972394 415-699-6168,
Compass
Bought with:
Joey Wang, 01890931
Keller Williams Realty
Source: MLSListings Inc,MLS#: ML81993749
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Kitchen
- Features: Countertop_Formica, Countertop_Tile, VariesbyUnit
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Range Hood, Electric Oven/Range
- Laundry: Coin Operated
Features
- Flooring: Laminate, Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 3,964
- Total interior livable area: 3,964 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Covered
- Carport spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 4,800 Square Feet
Details
- Parcel number: 035072050
- Zoning: Multifamily Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Slab
- Roof: TarGravel
Condition
- Year built: 1961
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Mateo
Financial & listing details
- Price per square foot: $423/sqft
- Tax assessed value: $1,236,236
- Annual tax amount: $21,391
- Date on market: 2/12/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: DishwasherSomeUnits, OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2025 | Sold | $1,675,000-11.6%$423/sqft |
Source:  MLSListings Inc #ML81993749 Report a problem | ||
| 3/19/2025 | Pending sale | $1,895,000$478/sqft |
Source: MLSListings Inc #ML81993749 Report a problem | ||
| 2/12/2025 | Listed for sale | $1,895,000+97.4%$478/sqft |
Source: MLSListings Inc #ML81993749 Report a problem | ||
| 6/23/2009 | Sold | $960,000+1.1%$242/sqft |
Source: Public Record Report a problem | ||
| 10/4/2006 | Sold | $950,000+117.6%$240/sqft |
Source: Public Record Report a problem | ||
| 11/13/1997 | Sold | $436,500$110/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,655 +1.5% | $1,236,236 +2% |
| 2024 | $22,326 +3.5% | $1,211,998 +2% |
| 2023 | $21,562 +11.4% | $1,188,234 +2% |
| 2022 | $19,351 +5.6% | $1,164,936 +2% |
| 2021 | $18,323 +6.1% | $1,142,096 +1% |
| 2020 | $17,272 +5.7% | $1,130,386 +2% |
| 2019 | $16,338 +4.6% | $1,108,222 +2% |
| 2018 | $15,613 +8.6% | $1,086,494 +2% |
| 2017 | $14,373 +7.2% | $1,065,192 +2% |
| 2016 | $13,407 +1.3% | $1,044,306 +1.5% |
| 2015 | $13,239 | $1,028,620 +2% |
| 2014 | $13,239 | $1,008,472 +0.5% |
| 2013 | -- | $1,003,916 +2% |
| 2012 | -- | $984,232 |
| 2011 | -- | $984,232 +2.8% |
| 2010 | -- | $957,724 -3.1% |
| 2009 | -- | $988,380 +2% |
| 2008 | -- | $969,000 +2% |
| 2007 | -- | $950,000 +86.3% |
| 2006 | -- | $510,018 |
| 2005 | -- | $510,018 +4% |
| 2004 | -- | $490,215 +1.9% |
| 2003 | -- | $481,232 +2% |
| 2002 | -- | $471,797 +2% |
| 2001 | -- | $462,547 +2% |
| 2000 | -- | $453,478 |
Find assessor info on the county website
Neighborhood: Sunnybrae
Nearby homes
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Nearby schools
GreatSchools rating
- 2/10Sunnybrae Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Borel Middle SchoolGrades: 6-8Distance: 0.8 mi
- 10/10Aragon High SchoolGrades: 9-12Distance: 1.2 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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Estimated market value
$1,700,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,700,800
- California
- San Mateo County
- San Mateo
- 94402
- Sunnybrae
- 422 E 16th Ave
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