Marcus & Millichap is pleased to present 24 Baytree Way, a ten-unit multifamily community located in the highly sought-after El Cerrito Manor neighborhood of San Mateo. Built in 1950, the property sits adjacent to Hillsborough Heights, where the average home value exceeds $4,000,000. This rare investment opportunity allows an investor to curate a boutique residential community surrounded by well-established single-family homes. The unit mix features a combination of one- and two-bedroom floor plans, each notably larger than typical apartment homes constructed during the 1950's.
The property also offers two vacant, rent-ready units, providing immediate access for tours and a seamless transition for new ownership.
Sold for $5,200,000
$5,200,000
Baytree Sanmateo, San Mateo, CA 94402
5beds
4baths
12,682sqft
Five Or More Units, Residential Income
Built in 1950
-- sqft lot
$5,228,700 Zestimate®
$410/sqft
$4,907 Estimated rent
Home value
$5,228,700
$4.76M - $5.75M
$4,907/mo
Zestimate® history
Owner options
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$4,907/mo
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$4,907/mo
Rent Zestimate®
Refinance and save
$32,474/mo
Est. payment
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$32,474/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jimmy Castellanos 02024152 408-483-5040,
Marcus & Millichap 650-391-1700
Bought with:
Mary Bee, 00882849
Intero Real Estate Services
Source: MLSListings Inc,MLS#: ML82026751
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Central Forced Air Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Coin Operated
Features
- Flooring: Carpet, Hardwood, Laminate
- Doors: None
Interior area
- Total structure area: 12,682
- Total interior livable area: 12,682 sqft
Property
Parking
- Total spaces: 5
- Parking features: Covered
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.41 Acres
Details
- Parcel number: 032412210
- Zoning: R5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1950
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: San Mateo
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Sold | $5,200,000-5.5%$410/sqft |
Source:  MLSListings Inc #ML82026751 Report a problem | ||
| 3/12/2026 | Pending sale | $5,500,000$434/sqft |
Source: MLSListings Inc #ML82026751 Report a problem | ||
| 12/12/2025 | Contingent | $5,500,000$434/sqft |
Source: MLSListings Inc #ML82026751 Report a problem | ||
| 11/5/2025 | Listed for sale | $5,500,000$434/sqft |
Source: MLSListings Inc #ML82026751 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 94402
Nearby schools
GreatSchools rating
- 9/10South Hillsborough SchoolGrades: K-5Distance: 1.4 mi
- 8/10Crocker Middle SchoolGrades: 6-8Distance: 2.4 mi
- 10/10Aragon High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: ParkElementary_1
- Middle: BorelMiddle
- High: SanMateoHigh
- 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
$5,228,700
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
$5,228,700
- California
- San Mateo County
- Hillsborough
- 94402
- Baytree Sanmateo
Nearby cities
Nearby zip codes
Other Hillsborough Topics
