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45 N Ellsworth AVE

San Mateo, CA 94401

4 beds
– baths
3,290 sqft
6,360 sqft lot
$592 per sqft
1936 build
– on site

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.

Listing courtesy of MLSLISTINGS / Don Sung / Colliers Parrish International, Inc.

Last checked: Checking… • Last updated Jul 11, 2025 •

MLS# 82014040 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1936
Age:

89
Subclass:

Duplex
Roofing:

Shingle
Foundation:

Crawl Space
# of Stories:

2
# of Units:

2
Special Features:

Parking
Structure SqFt:

3290
Structure SqFt Source:

Assessor

Room Dimensions

Living SqFt:

3290

Location

Cross Street:

Baldwin Ave

The Property

Parcel Number:

032-321-100
Zoning:

RM0000
Lot Acres:

0.1460
Lot Size Area Min:

6360.00
Horse Property:

No

Listing Agent

Contact info:

Taxes

Property ID:

82014040

The Listing

Additional Listing Info:

Not Applicable
Automated Valuations Allowed:

1

Heating & Cooling

Cooling Methods:

None
Heating Methods:

Central Forced Air - Gas

Utilities

Utilities:

Public Utilities
Sewer/Septic System:

Sewer - Public
Water Source:

Public
Meters:

Separate Electric, Separate Gas, Separate Water

Appliances

Laundry:

Washer / Dryer

The Community

HOA:

No
Pool:

No

Parking

Description and Access:

Detached Garage, Off-Street Parking, Uncovered Parking
Parking Spaces:

4
Garage Spaces:

2

Extra Units

# of Buildings:

2
Unit 1 Full Bathrooms:

1
Unit 1 Half Bathrooms:

1
Unit 2 Full Bathrooms:

1
Unit 2 Half Bathrooms:

1
Unit 1 SqFt:

1,645 Sqft
Unit 2 SqFt:

1,645 Sqft
Unit 1 Bed:

2
Unit 2 Beds:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/10/25 Jul 10, 2025	Listed / Active	MLSLISTINGS	$1,950,000

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This multifamily located in North Central San Mateo, San Mateo, CA 94401 is currently for sale for $1,950,000. 45 N Ellsworth AVE is a 3,290 square foot multifamily with 4 beds and – baths that has been on Estately for 2 days. 45 N Ellsworth AVE is in the North Central San Mateo neighborhood of San Mateo and has a WalkScore® of 97, making it a walker’s paradise. This multifamily is in the attendance area of San Mateo High School, Laurel Elementary School, and Abbott Middle School.

Listing courtesy of Colliers Parrish International, Inc.

Listing Courtesy of: MLSLISTINGS, data current as of 06:50 on Jul 12.

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