518 19th Ave
- Six of seven units fully renovated with modern finishes and updated interiors.
- New dual-pane windows throughout enhance comfort and energy efficiency.
- Strong in-place income with all rents currently at market levels.
- Prime San Mateo location near downtown, Caltrain, shopping, and dining.
- Well-maintained, turnkey property offering solid cash flow and long-term value
- Tenant Membership to Fiesta Gardens Club House, Pool and Recreation
- Near Hillsdale Shopping Center and Fashion Island
- 1-to-1 Parking for All Units
- Easy Access to Hwy 92, 101, and 280
Property Description
518 19th Avenue is a seven-unit apartment building located in the heart of San Mateo, just minutes from downtown and Caltrain. Built in 1958, the property consists of four (4) spacious one-bedroom, one-bath units, and three (3) studio units. The building spans 5,440 square feet on a 7,841-square-foot lot and includes covered carport parking. Current rents range from $1,795 to $2,350 per month, with market rents between $2,195 and $2,995, presenting a strong opportunity for rent growth. 518 19th Avenue offers stable in-place income with clear upside potential in one of the Peninsula’s most desirable rental markets.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,395,000 |
| No. of Units: | 7 |
| Average Occupancy: | 4.4 |
| Year Built: | 1958 |
| Lot Size: | 0.18 Acres |
| Opportunity Zone: | No |
| Price per unit: | $342,143 |
| Property Website | Click Here |
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