About this home

414 E 16th Ave (the Property) is a four-unit multifamily asset built in 1959, situated on a two-story, slab-on-grade structure of stucco and wood construction in San Mateo's Hayward Park submarket. The Property features a unit mix of two (2) studio floorplans and two (2) one-bedroom/one-bathroom floorplans, averaging 775 square feet. The Property is 100% occupied as of August 2026. The Property offers a new owner a rare combination in this submarket: a fully occupied, free and clear fourplex with copper supply lines, dual-paned vinyl windows building-wide, on-site laundry, and covered tuck-under parking. In-place rents average $2,129 per unit, against market rents of $2,375 per unit, a loss-to-lease of 11.5%. A light interior renovation program, budgeted at $18,750 per unit, supports renovated rents of $2,750 per unit, or a 15.8% premium to current market. The Property's location places residents between Highway 101 and Interstate 280, within a short drive of Peninsula employers including Sony Interactive Entertainment, Roblox, GoPro, and Franklin Templeton in San Mateo, Oracle in Redwood Shores, and Meta in Menlo Park. Hillsdale Caltrain and the Bay Meadows mixed-use development are both nearby, and Hillsdale Shopping Center provides additional dining and retail options.

Facts and features

Schools

• Sunnybrae Elementary School

  elementary · K-5 · 0.4 mi

  2

• Borel Middle School

  middle · 6-8 · 0.8 mi

  8

• Aragon High School

  high · 9-12 · 1.2 mi

  10

• Centennial Montessori School

  elementary · K-6 · 0.5 mi

• Up Academy

  elementary · K-5 · 0.6 mi

• St. Matthew Catholic School

  elementary · K-8 · 0.6 mi

Price history

• Sep 16, 2026 · Listed$1,900,000
• May 1, 2024 · Sold$2,925,000
• Dec 31, 2002 · Sold$398,000

Tax history

• 2025$22,206 tax · $1,521,585 assessed
• 2024$6,432 tax · $1,491,750 assessed
• 2023$6,345 tax · $128,846 assessed
• 2022$5,928 tax · $126,320 assessed
• 2021$6,190 tax · $123,844 assessed
• 2020$5,659 tax · $122,575 assessed
• 2019$4,899 tax · $120,172 assessed
• 2018$4,224 tax · $117,816 assessed

Home value

$1,881,000

• Collateral Analytics$1,881,000

Where it is