For sale

$2,450,000

518 19th Ave, San Mateo, CA 94403

4beds

5,440sqft

Est.:

Multi Family

Built in 1958

-- sqft lot

$-- Zestimate^®

$450/sqft

$252/mo HOA

What's special

Modern finishesCovered parkingUpdated interiorsDual-pane windows

Fully renovated 7-unit multifamily in prime San Mateo near Downtown & Caltrain. Strong in-place income, covered parking, and clear rent-growth upside. Offered at $2.45M | 4.27% Cap. 518 19th Ave is a 7-unit apartment building featuring (4) large 1-bed/1-bath units and (3) spacious studios, six of which have been renovated with modern finishes, dual-pane windows, and updated interiors. The 5,440 SF building on a 7,841 SF lot offers covered parking, laundry income, and energy-efficient upgrades. Current rents range $1,795-$2,350 with market potential to $2,995, providing stable cash flow and long-term upside. Ideally located near El Camino Real, Hwy 101/280/92, Hillsdale Shopping Center, and Bay Meadows. A rare San Mateo multifamily investment opportunity near major employers and transit.

37 days

837

33

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Appliances

Laundry: Coin Operated, Common Area

Features

Windows: Double Pane Windows

Interior area

Total structure area: 5,440
Total interior livable area: 5,440 sqft

Property

Parking

Total spaces: 14
Parking features: Covered
Garage spaces: 7
Carport spaces: 7
Covered spaces: 14

Lot

Size: 8,008 Square Feet
Features: Shape Regular

Details

Parcel number: 035331080
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Concrete
Roof: Tar/Gravel

Condition

Updated/Remodeled
New construction: No
Year built: 1958

Utilities & green energy

Electric: Separate Meter
Gas: Separate Meter
Utilities for property: Common Area Meter

Community & HOA

HOA

Has HOA: Yes
Amenities included: Barbecue, Cabana, Clubhouse, Pool, Other
HOA fee: $3,025 annually
HOA name: Fiesta Gardens

Location

Region: San Mateo
Elevation: 0

Financial & listing details

Price per square foot: $450/sqft
Tax assessed value: $1,737,963
Annual tax amount: $30,552
Price range: $2.5M - $2.5M
Date on market: 11/5/2025
Cumulative days on market: 38 days
Listing terms: 1031 Exchange
Total actual rent: 8490
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

$2,408/mo

Price history

Date	Event	Price
11/6/2025	Listed for sale	$2,450,000+272.9%$450/sqft
Source: SFAR #425085735 Report a problem
11/1/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/15/2021	Price change	$1,995-4.8%
Source: Zillow Rental Manager Report a problem
10/11/2021	Listed for rent	$2,095
Source: Zillow Rental Manager Report a problem
10/28/2014	Sold	$657,000-37.4%$121/sqft
Source: Public Record Report a problem