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For Sale

$4,695,000

333 Catalpa Street
San Mateo, CA 94401

Sqft 9,378 sqft
333 Catalpa Street is a rare opportunity to acquire a turnkey, updated and well-maintained multifamily property located in Downtown San Mateo on the highly desirable San Francisco Peninsula. The ten (10) unit apartment building, consisting of all one-bedroom-one-bathroom units. The property features ten (10) covered parking spaces, fourteen (14) private storage lockers, and a laundry facility featuring Two (2) coin-operated washers & dryers. The property has a strong historical occupancy with many great long-term Tenants (10-15+ years). Since the beginning of the COVID-19 pandemic, the property has received 100% rent collections, and has had zero vacancies. The current ownership has been invested significant capital into the proper-ty over the last 2-3 years which has proven successful based on their ability to increase rents on 100% of the units while retaining long-term tenants. 333 Catalpa is located just a 2-minute walk to the San Mateo Caltrain station in Downtown San Mateo. Read More

Market Status
Available
Last Updated
May 14, 2021

Property Type
Multi Family
Year Built
1963
Floors
Wood Flooring
MLS Area
San Mateo

Local Market Conditions

There are currently 18 properties for sale in the San Mateo, CA area with the average listing price of $2,673,833. This represents an increase of +0.3% over the previous week. The 3 bedroom homes saw the largest increase in the average listing price over the previous week with a +12.2% increase. To learn more about the San Mateo, CA area, contact a local expert!

Market Snapshot for San Mateo, CA

Avg. Listing Price

$2,673,833

Wk ending May 8

$+8,214

+0.3%

w-o-w

18

31

4

4

1

Average Listing Price for San Mateo, CA
No. BedroomsNo. Beds Week Ending
(May 8)
w-o-w Week Ending
(May 1)
Week Ending
(Apr 24)
Week Ending
(Apr 17)
All PropertiesAll $2,673,833 +0.3% $2,665,619 $2,626,714 $2,675,381
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $1,144,000 -2.1% $1,168,500 $1,168,500 $1,168,500
3 bedrooms3 BR $1,524,833 +12.2% $1,359,334 $1,759,572 $1,586,500
4 bedrooms4 BR $1,475,000 -22.6% $1,904,500 $1,884,500 $2,728,333

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This $4,695,000 Multi Family at 333 Catalpa Street in San Mateo, CA is presented by Marshall Ward and has been on the market for 60 days. This $4,695,000 Multi Family, located in the 94401 zip code, has the following property features: MLS Area, Floors. This 333 Catalpa Street Multi Family, located in San Mateo County , is listed under MLS listing number 421528609 and has a listing price of $4,695,000. You can find more San Mateo homes for sale here.

Data Provided by Bay Area Real Estate Information Services

BAREIS MLS® listing: Copyright 2021, Bay Area Real Estate Information Services, Inc. All Rights Reserved.

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