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709-711 9th Ave San Mateo, CA 94401 711 9th Ave 1420 Unit Apartment Building $1,875,950 ($1,321/Unit) San Mateo, CA 94402
Investment Highlights
- Privacy, and walking distance to Downtown.
Executive Summary
ESTATE SALE!
A quaint & nicely landscaped Duplex, walking distance to Downtown!
Both units have their Private Driveway, Single Car Garage, and Laundry Hook-ups.
Front Unit is a 1 Bdrm, 1Bath, Fireplace, Tub Shower, and updated Kitchen Vintage 1940.
Rear Unit is a 3 Bdrm Townhouse style with Formal LR and DR, Kitchen & Half bath with a walkout to a private patio. Upstairs are 3 Bdrms with a Tiled Tub Shower Bathroom, Vintage1964.
Units were Reroofed 2015 and new lateral sewer lines replaced 2024.
This Is a great upside opportunity for an Owner Operator or Investor to raise rents to the current market rates, since existing Long-Term Tenants are on a on Month-to-Month tenancy.
A Contractors Report and Termite Report are available and interior viewing are subject to inspection with an accepted offer.
Broker is a fractional owner.
A quaint & nicely landscaped Duplex, walking distance to Downtown!
Both units have their Private Driveway, Single Car Garage, and Laundry Hook-ups.
Front Unit is a 1 Bdrm, 1Bath, Fireplace, Tub Shower, and updated Kitchen Vintage 1940.
Rear Unit is a 3 Bdrm Townhouse style with Formal LR and DR, Kitchen & Half bath with a walkout to a private patio. Upstairs are 3 Bdrms with a Tiled Tub Shower Bathroom, Vintage1964.
Units were Reroofed 2015 and new lateral sewer lines replaced 2024.
This Is a great upside opportunity for an Owner Operator or Investor to raise rents to the current market rates, since existing Long-Term Tenants are on a on Month-to-Month tenancy.
A Contractors Report and Termite Report are available and interior viewing are subject to inspection with an accepted offer.
Broker is a fractional owner.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$58,200
|
$23.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,200
|
$23.17
|
| Taxes |
$5,190
|
$2.07
|
| Operating Expenses |
$5,790
|
$2.30
|
| Total Expenses |
$10,980
|
$4.37
|
| Net Operating Income |
$47,220
|
$18.80
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $58,200 |
| Annual Per SF | $23.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,200 |
| Annual Per SF | $23.17 |
| Taxes | |
|---|---|
| Annual | $5,190 |
| Annual Per SF | $2.07 |
| Operating Expenses | |
|---|---|
| Annual | $5,790 |
| Annual Per SF | $2.30 |
| Total Expenses | |
|---|---|
| Annual | $10,980 |
| Annual Per SF | $4.37 |
| Net Operating Income | |
|---|---|
| Annual | $47,220 |
| Annual Per SF | $18.80 |
Property Facts
| Price | $1,875,950 | Apartment Style | Low-Rise |
| Price Per Unit | $1,321 | Building Class | B |
| Sale Type | Investment | Building Size | 2,512 SF |
| No. Units | 1420 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1940/1964 |
| Zoning | RM0000 | ||
| Price | $1,875,950 |
| Price Per Unit | $1,321 |
| Sale Type | Investment |
| No. Units | 1420 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 2,512 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/1964 |
| Zoning | RM0000 |
Amenities
Unit Amenities
- Fireplace
- Eat-in Kitchen
- Hardwood Floors
- Dining Room
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 711 | $1,400 | 982 |
| 3+1.5 | 709 | $3,450 | 1,529 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 033-292-160 | Total Assessment | $1,450,000 |
| Land Assessment | $1,070,000 | Annual Taxes | $5,190 ($2.07/SF) |
| Improvements Assessment | $380,000 | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
033-292-160
Land Assessment
$1,070,000
Improvements Assessment
$380,000
Total Assessment
$1,450,000
Annual Taxes
$5,190 ($2.07/SF)
Tax Year
2026 Payable 2026
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709-711 9th Ave San Mateo, CA 94401 | 711 9th Ave