Home | San Mateo County | San Mateo | 94401 | 45 N Ellsworth Ave
MLS: ML82014040 | Status: Sold | Price: $2,000,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,290 | 6,360 | 1936 |
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.
| Field | Value |
|---|---|
| MLS # | ML82014040 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Appliances | Washer/Dryer |
| Cooling | None |
| Heating | Central Forced Air - Gas |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Foundation | Crawl Space |
| Feature | Details |
|---|---|
| Garage/Parking | Detached, Off-Street Parking, Garage: 2 Car(s) |
| Elementary District | San Mateo-Foster City Elementary |
| High School District | San Mateo Union High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | RM0000 |
Don Sung
Colliers Parrish International, Inc.
License #: 01935797
Phone: (650) 380-5188
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 0 | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,645 | 2 | 1/1 | $4,850 |
| 2 | 1,645 | 2 | 1/1 | $4,850 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Don Sung, (650) 380-5188.