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109 Hobart Ave - Stunning Baywood-Aragon (Duplex) 2 Unit Apartment Building Offered at $2,600,000 San Mateo, CA 94402
Investment Highlights
- Prime Located Duplex Located within 1 mile of Downtown San Mateo
- ADU Development Potential
- Owner/User Flexibility-Each Unit is Separately Metered for All Utilities including Water
- Desirable Unit Mix The Subject Property Features Two Beautifully Designed Three-Bedroom Floor Plans
- Walking Distance to Some of the Best School's in San Mateo County
Executive Summary
*Open House 7/1/2026 (Wednesday) from 1pm-3pm* Please RSVP with Justin Fink at Justin.Fink@marcusmillichap.com or text 650-576-5408
109–111 Hobart Ave presents an exceptional duplex investment opportunity in the highly desirable city of San Mateo, California. Situated on an 8,752-square-foot parcel, the property was originally built in 1948 and offers 3,686 square feet of living space with two well-designed three-bedroom units. Each unit is separately metered for utilities, providing flexibility for investors seeking a traditional multifamily asset or an owner-user opportunity. The property also features two attached garages, a private patio, and a spacious backyard. Ideally located between San Francisco and San Jose, San Mateo is a thriving community known for its strong economy, vibrant downtown, premier retail destinations, and excellent quality of life. The property is less than one mile from Downtown San Mateo and Central Park, offering convenient access to an array of shopping, dining, and entertainment options. Residents also benefit from excellent connectivity via U.S. Highway 101, State Route 92, El Camino Real, and the San Mateo Caltrain Station, providing easy access throughout the Peninsula and Silicon Valley's leading employers, including Google, Meta, Stanford, Box, Visa, Sony, and many others. Supported by San Mateo's strong employment base, low vacancy rates, and continued rental demand, 109–111 Hobart Ave represents a compelling investment opportunity in one of the Bay Area's most sought-after rental markets.
109–111 Hobart Ave presents an exceptional duplex investment opportunity in the highly desirable city of San Mateo, California. Situated on an 8,752-square-foot parcel, the property was originally built in 1948 and offers 3,686 square feet of living space with two well-designed three-bedroom units. Each unit is separately metered for utilities, providing flexibility for investors seeking a traditional multifamily asset or an owner-user opportunity. The property also features two attached garages, a private patio, and a spacious backyard. Ideally located between San Francisco and San Jose, San Mateo is a thriving community known for its strong economy, vibrant downtown, premier retail destinations, and excellent quality of life. The property is less than one mile from Downtown San Mateo and Central Park, offering convenient access to an array of shopping, dining, and entertainment options. Residents also benefit from excellent connectivity via U.S. Highway 101, State Route 92, El Camino Real, and the San Mateo Caltrain Station, providing easy access throughout the Peninsula and Silicon Valley's leading employers, including Google, Meta, Stanford, Box, Visa, Sony, and many others. Supported by San Mateo's strong employment base, low vacancy rates, and continued rental demand, 109–111 Hobart Ave represents a compelling investment opportunity in one of the Bay Area's most sought-after rental markets.
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Property Facts
| Price | $2,600,000 | Lot Size | 0.20 AC |
| Price Per Unit | $1,300,000 | Building Size | 3,686 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1948 |
| Property Type | Multifamily | ||
| Zoning | R3 | ||
| Price | $2,600,000 |
| Price Per Unit | $1,300,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.20 AC |
| Building Size | 3,686 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | R3 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 034-382-050 | Improvements Assessment | $656,945 |
| Land Assessment | $1,887,000 | Total Assessment | $2,543,945 |
Property Taxes
Parcel Number
034-382-050
Land Assessment
$1,887,000
Improvements Assessment
$656,945
Total Assessment
$2,543,945
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