Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82014040
MLS Source
MLSListings, Inc.
Days on Site
7
Interior Features
Appliances
Washer/Dryer
Cooling
None
Heating
Central Forced Air - Gas
Exterior Features
Roof
Shingle
Foundation
Crawl Space
Parking, School, and Other Information
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
Unit Information
| # 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 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
45 N Ellsworth Ave is a Duplex in San Mateo, CA 94401. This 3,290 square foot property sits on a 6,360 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,950,000 and was built in 1936. This address can also be written as 45 N Ellsworth Ave, San Mateo, CA 94401.
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This listing information is up-to-date as of July 11, 2025. For the most current information, please contact Don Sung, (650) 380-5188
