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$2,300,000

Est. payment - /mo

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4 Beds

3 Baths

3,663 SqFt

New

126 N Ellsworth AVE San Mateo, CA 94401

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,663 sqft

Price per Sqft $627

MLS Listing ID ML82029362

Bedrooms 4

Full Baths 3

Year Built 1918

Lot Size 8,809 Sqft

Property Sub-Type Five or More Units

Property Description

5 Units located on prime 8,800+ sqft corner Lot This five-unit property sits on a prominent corner lot in one of San Mateo's most strategic and in-demand locations. All five units have been upgraded- property inspection reports are buyer-favorable. Zoned R-4, the property supports higher-density residential development, offering meaningful value-add potential for investors or developers. Under California ADU regulations, buyer may be able to add detached ADUs and a possible interior conversion ADU within existing non-habitable space (buyer to verify). ADUs under 750 SF avoid school and most impact fees. Proximity to Caltrain this site qualifies for State parking exemptions, improving site efficiency. With an exceptional 94 Walk Score, the property is just one block from Caltrain and steps to Downtown San Mateo's core business district, dining, and retail. This central, transit-oriented location consistently supports strong tenant demand and historically low vacancy, driven by immediate access to the Peninsulas leading AI, tech, and biotech employers.

Location

State CA

County San Mateo

Area Eastern Addition/Downtown Area

Zoning R4

Interior

Heating Central Forced Air, Wall Furnace

Cooling None

Flooring Hardwood, Laminate, Stone

Exterior

Parking Features Attached Garage, Common Parking Area, Parking Area

Garage Spaces 2.0

Community Features Additional Storage, BBQ Area

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 032-302-010

Security Features Security Lights

Special Listing Condition Not Applicable

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321