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45 N Ellsworth Avenue

San Mateo, CA 94401

– beds
– baths
– sqft
6,360 sqft lot
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.

Listed By CRMLS_CA / Don Sung / Colliers Parrish International, Inc.

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

MLS# ML82014040 —

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

The Building

Year Built:

1936
Year Built Source:

Assessor
Building Area Total:

3290.00
# of Buildings:

2
Roof:

Shingle
Stories Total:

2
Accessibility Features:

Parking

Location

Directions:

Cross Street: Baldwin Ave
Latitude:

37.56789143
Longitude:

-122.32618835

The Property

Property Type:

Residential Income
Subtype:

Duplex
Zoning:

RM0000
Lot Size Area:

6360.0000
Lot Size Acres:

0.1460
Lot Size SqFt:

6360.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

25086.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

032321100

Heating & Cooling

Heating:

1
Cooling:

Yes
Cooling:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Included:

No

The Community

Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Off Street, Uncovered
Parking Spaces:

4.00
Garage Spaces:

2.00

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	CRMLS_CA	$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 Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 45 N Ellsworth Avenue 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 Laurel Elementary School, Abbott Middle School, and San Mateo High School.

Listing Courtesy of: CRMLS_CA and Colliers Parrish International, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 16:39 on Jul 12.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.