94 East 39th Avenue is beautifully updated four (4) unit multifamily asset in a prime San Mateo location, ideal for investors or owner-users. Located in the quiet San Mateo Village neighborhood just five (5) blocks from Hillsdale Shopping Center, the property features four spacious 1-Bedroom/1-Bath units (~630 sqft), all tastefully renovated with quartz countertops, updated appliances, modern flooring, and upgraded electrical. His-and-hers closets and individual water heaters add comfort, ample hot water and convenience for the tenants. --- Situated on a 6,101 square foot lot, the building includes four (4) covered carport, a bonus side yard with potential for added parking or storage, and an on-site laundry room with owned washer/dryer machines for additional income. --- Tenants enjoy proximity to Hillsdale Mall, Trader Joes, Whole Foods, and multiple public parks. The property provides easy access and is a short walk to El Camino Real, Hwy 92, Hwy 101, and Caltrain. Current annual income exceeds $113,300/year with an in place 4.00% cap rate and 16.13 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.
Sold for $1,760,000
$1,760,000
94 E 39th Ave, San Mateo, CA 94403
4beds
4baths
2,520sqft
Quadruplex, Residential Income
Built in 1954
-- sqft lot
$1,790,100 Zestimate®
$698/sqft
$4,535 Estimated rent
Home value
$1,790,100
$1.63M - $1.97M
$4,535/mo
Zestimate® history
Owner options
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$4,535/mo
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$4,535/mo
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$11,069/mo
Est. payment
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$11,069/mo
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List your homeWhat's special
Modern flooringQuartz countertopsUpdated appliancesHis-and-hers closetsCovered carportIndividual water heaters
Zillow last checked:
Listing updated:
Listed by:
Nate Gustavson 01898316 415-786-9410,
Compass 415-874-5000,
Eric Peterson 02214121 408-835-9697,
Compass
Bought with:
Haifa Khoury, 00799472
Sotheby's Intl Rlty
Source: MLSListings Inc,MLS#: ML82017012
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Kitchen
- Features: Countertop_Other
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Cooktop, Gas Oven/Range, Refrigerator
- Laundry: Coin Operated
Features
- Flooring: Carpet, Laminate, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 2,520
- Total interior livable area: 2,520 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Carport
- Carport spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 6,101 Square Feet
Details
- Parcel number: 040072010
- Zoning: Multifamily Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition, Fiberglass, Shingle
Condition
- Year built: 1954
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: $698/sqft
- Tax assessed value: $637,918
- Annual tax amount: $20,589
- Date on market: 8/5/2025
- Listing agreement: ExclusiveAgency
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Sold | $1,760,000-3.7%$698/sqft |
Source:  MLSListings Inc #ML82017012 Report a problem | ||
| 11/7/2025 | Pending sale | $1,828,000$725/sqft |
Source: MLSListings Inc #ML82017012 Report a problem | ||
| 11/3/2025 | Contingent | $1,828,000$725/sqft |
Source: MLSListings Inc #ML82017012 Report a problem | ||
| 10/7/2025 | Price change | $1,828,000-10.7%$725/sqft |
Source: MLSListings Inc #ML82017012 Report a problem | ||
| 8/5/2025 | Listed for sale | $2,048,000+348.1%$813/sqft |
Source: MLSListings Inc #ML82017012 Report a problem | ||
| 4/29/2016 | Sold | $457,000$181/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,612 +9.8% | $637,918 +2% |
| 2024 | $11,486 +2% | $625,411 +2% |
| 2023 | $11,260 +1.2% | $613,151 +2% |
| 2022 | $11,129 +6.7% | $601,130 +2% |
| 2021 | $10,433 +0.6% | $589,345 +1% |
| 2020 | $10,371 +3.3% | $583,304 +2% |
| 2019 | $10,038 +12.2% | $571,868 +2% |
| 2018 | $8,948 -0.5% | $560,657 +2% |
| 2017 | $8,994 +157.3% | $549,666 +324.3% |
| 2016 | $3,495 -2.6% | $129,549 +1.5% |
| 2015 | $3,587 -7.9% | $127,604 +2% |
| 2014 | $3,894 | $125,105 +0.5% |
| 2013 | -- | $124,541 +2% |
| 2012 | -- | $122,100 |
| 2011 | -- | $122,100 +2.8% |
| 2010 | -- | $118,812 -0.2% |
| 2009 | -- | $119,095 +2% |
| 2008 | -- | $116,761 +2% |
| 2007 | -- | $114,472 +2% |
| 2006 | -- | $112,229 |
| 2005 | -- | $112,229 +4% |
| 2004 | -- | $107,873 +1.9% |
| 2003 | -- | $105,897 +2% |
| 2002 | -- | $103,822 +2% |
| 2001 | -- | $101,787 +2% |
| 2000 | -- | $99,792 |
Find assessor info on the county website
Neighborhood: San Mateo Village
Nearby homes
- $--1 bd1 ba630 sqft94 E 39th Ave #B, San Mateo, CA 94403Off Market
- $--1 bd1 ba630 sqft94 E 39th Ave APT D, San Mateo, CA 94403Off Market
- $--1 bd1 ba-- sqft94 E 39th Ave APT A, San Mateo, CA 94403Off Market
- $--1 bd1 ba630 sqft94 E 39th Ave APT C, San Mateo, CA 94403Off Market
- $1,116,472-- bd1 ba-- sqft90 E 39th Ave, San Mateo, CA 94403Off Market
- $1,349,4002 bd1 ba860 sqft3912 Orinda Dr, San Mateo, CA 94403Off Market
- $--1 bd1 ba850 sqft86 E 39th Ave #I, San Mateo, CA 94403Off Market
- $3,904,310-- bd1 ba500 sqft86 E 39th Ave, San Mateo, CA 94403Off Market
Nearby schools
GreatSchools rating
- 9/10George Hall Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10Abbott Middle SchoolGrades: 6-8Distance: 1.1 mi
- 9/10Hillsdale High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: BeresfordElementary
- Middle: AbbottMiddle
- High: HillsdaleHigh
- 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
$1,790,100
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
$1,790,100
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