518 19th Ave , San Mateo , CA for sale

Investment Overview

518 19th Avenue is a seven-unit apartment building located in the heart of San Mateo, just minutes from downtown and Caltrain. Built in 1958, the property consists of four (4) spacious one-bedroom, one-bath units, and three (3) studio units. The building spans 5,440 square feet on a 7,841-square-foot lot and includes covered carport parking. Current rents range from $1,795 to $2,350 per month, with market rents between $2,195 and $2,995, presenting a strong opportunity for rent growth. 518 19th Avenue offers stable in-place income with clear upside potential in one of the Peninsula’s most desirable rental markets.

Investment Highlights

• Six of seven units fully renovated with modern finishes and updated interiors.
• New dual-pane windows throughout enhance comfort and energy efficiency.
• Strong in-place income with all rents currently at market levels.
• Prime San Mateo location near downtown, Caltrain, shopping, and dining.
• Well-maintained, turnkey property offering solid cash flow and long-term value
• Tenant Membership to Fiesta Gardens Club House, Pool and Recreation
• Near Hillsdale Shopping Center and Fashion Island
• 1-to-1 Parking for All Units
• Easy Access to Hwy 92, 101, and 280