Property photo 1
18 photos
ActiveMLS# ML8205529694 days on market

$3,650,000

16 West Bellevue Avenue

San Mateo, CA 94402

0 BD|0 BA|3,856 SQFT|$946.58/sqft

About This Property

$200K PRICE IMPROVEMENT!! 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!

Property Details

Property TypeSingle Family
Year Built1947
Stories2
Garage4 cars
Price / Sqft$946.58
Days on Market94
MLS NumberML82055296

Adam Modzeleski

Broker

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Est. Monthly Payment

$21,954

P&I: $18,456 | Tax: $2,585 | Insurance: $913

$3,650,000
%
%
Loan Amount$2,920,000
Down Payment$730,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

16 West Bellevue Avenue, San Mateo, CA 94402

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