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Large Corner Lot 126 N Ellsworth Ave 5 Unit Apartment Building $2,300,000 ($460,000/Unit) 4.52% Cap Rate San Mateo, CA 94401
INVESTMENT HIGHLIGHTS
- Corner Lot / A+ Location
- Property Inspections are Buyer Favorable
EXECUTIVE SUMMARY
All Units Will Be Open For Viewing This Thursday 12/18 From 11:30 Am to 12:15 Pm. Prime 8,800+ Sq Ft Corner Lot.
This well-located five-unit property sits on a prominent corner lot in one of San Mateo’s most strategic and in-demand locations. All five units have been upgraded, and property inspection reports are buyer-favorable. Zoned R-4, the property supports higher-density residential development, offering meaningful value-add potential for investors or developers.
With an exceptional 94 Walk Score, 126 N Ellsworth is just 1.5 blocks from Caltrain and steps to Downtown San Mateo’s core business district, dining, and retail. This central, transit-oriented location consistently supports strong tenant demand and historically low vacancy, driven by immediate access to the Peninsula’s leading AI, tech, and biotech employers. Buyer to verify all unit features and habitability.
This well-located five-unit property sits on a prominent corner lot in one of San Mateo’s most strategic and in-demand locations. All five units have been upgraded, and property inspection reports are buyer-favorable. Zoned R-4, the property supports higher-density residential development, offering meaningful value-add potential for investors or developers.
With an exceptional 94 Walk Score, 126 N Ellsworth is just 1.5 blocks from Caltrain and steps to Downtown San Mateo’s core business district, dining, and retail. This central, transit-oriented location consistently supports strong tenant demand and historically low vacancy, driven by immediate access to the Peninsula’s leading AI, tech, and biotech employers. Buyer to verify all unit features and habitability.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$132,000
|
$47.14
|
| Other Income |
$95
|
$0.03
|
| Vacancy Loss |
$5
|
$0.00
|
| Effective Gross Income |
$132,090
|
$47.18
|
| Taxes |
$19,000
|
$6.79
|
| Operating Expenses |
$25,505
|
$9.11
|
| Total Expenses |
$44,505
|
$15.89
|
| Net Operating Income |
$87,585
|
$31.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $47.14 |
| Other Income | |
|---|---|
| Annual | $95 |
| Annual Per SF | $0.03 |
| Vacancy Loss | |
|---|---|
| Annual | $5 |
| Annual Per SF | $0.00 |
| Effective Gross Income | |
|---|---|
| Annual | $132,090 |
| Annual Per SF | $47.18 |
| Taxes | |
|---|---|
| Annual | $19,000 |
| Annual Per SF | $6.79 |
| Operating Expenses | |
|---|---|
| Annual | $25,505 |
| Annual Per SF | $9.11 |
| Total Expenses | |
|---|---|
| Annual | $44,505 |
| Annual Per SF | $15.89 |
| Net Operating Income | |
|---|---|
| Annual | $87,585 |
| Annual Per SF | $31.28 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Fireplace
- Washer/Dryer
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Range
- Tub/Shower
- Garden
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Zen Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,250 | 400 |
| 1+1 | 4 | $2,450 | 600 - 930 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 032-302-010 | Total Assessment | $535,373 (2025) |
| Land Assessment | $161,451 (2025) | Annual Taxes | $19,000 ($6.79/SF) |
| Improvements Assessment | $373,922 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
032-302-010
Land Assessment
$161,451 (2025)
Improvements Assessment
$373,922 (2025)
Total Assessment
$535,373 (2025)
Annual Taxes
$19,000 ($6.79/SF)
Tax Year
2024
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Large Corner Lot | 126 N Ellsworth Ave
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