45 N Ellsworth Avenue

San Mateo, CA 94401

  • 4 Bed(s)
  • 0 Bath(s)
  • 3,290 Sqft
  • 6360
    Sqft(Lot)
$1,950,000

Description

Excellent opportunity reposition or redevelop 2 transit-oriented apartment home units (walk to san mateo cal-train station / walk score: 97). 2 existing 2 br/1 ¼ bath townhouse units to be delivered vacant at coe. 4 options to add value: (1) build 14 apartment units up to 6-stories, 19,080 sf (far: 3.0 / r-5 zoning); (2) build 2 single family homes; (3) renovate interior to (2) 3 br/3 ba townhomes w/ $6,500/month rental potential; (4) renovate existing interior units as 2 br/1 1/4 bath. each unit offers spacious private yards. front yard (45 n. ellsworth) / rear yard (47 n. ellsworth). very easy-to-rent units & desirable rental location. very low operating costs: all utilities paid by tenants (separate meters & services). easy access to major technology employers in the mid-peninsula: visa, genentech, ea, meta, google, stanford, etc. easy access to el camino real, highway 101, 92, 280. current cap rate: 3.54% / current grm: 17. pro-forma cap rate: 5.51% / pro-forma grm: 12. building sf: 3,290 sf / lot size: 6,360 sf / cost per sf: $593/sf. due to favorable zoning, property offers excellent opportunity to purchase for immediate cashflow at market rents. buyers have option to develop into 14-unit apartments or 2 single family homes now or down the line. co-listed w/ doug marks.

  • Property Type

    Residential Income

  • County

    San Mateo

  • Style

    Residential Income

  • AD ID

    50393116

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Has Heating

  • Building Information

    • Year Built: 1936
    • Building Area Total: 3,290
    • Roof: Shingle

    Accessibility Features

    • Parking

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.146
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6360

  • Listing Price Information

    • Original List Price: 1,950,000
    • Listing Contract Date: 2025-07-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 032321100
    • Annual Tax: 25086

  • Garage and Parking

    • Garage Description: Off Street,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Directions: Cross Street: Baldwin Ave
    • Zoning: RM0000
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 89
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Total Square Feet Living: 3290
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BuyOwner last updated this listing 07/18/2025 @ 16:16

  • MLS: ML82014040
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 4 bedrooms which is for sale, it has 3,290 sqft, 6,360 sized lot, and 2 parking. are nearby neighborhoods.