$2,300,000

126 N Ellsworth Avenue, San Mateo, CA 94401

  • 3,663 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1918
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $628/sqft
  • Property List Date Icon Listed 5 days ago

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.

Listing Status:
Active
Date Added:
December 12, 2025 at 06:00AM
Listing Office:
Bay Area Estates : 650-504-3255
Listing Agent:
Scott Philip : 650-771-8821
MLS ID:
ML82029362
  • General: Updated BathsUpdated Kitchen
  • Appliances: Dishwasher
  • Flooring: HardwoodLaminateStone
  • A/C: None
  • Heating: Forced AirWall Furnace
  • Parking: AttachedParking Lot
  • Roofing: Shingle
  • County: San Mateo
  • Zoning: R4032302010

This listing courtesy of Scott Philip, Bay Area Estates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

College Park Elementary School

715A Indian Ave, San Mateo, CA, 94401

Grades KG-5

0.44 miles away

N

North Shoreview Montessori

1301 Cypress Ave, San Mateo, CA, 94401

Grades KG-8

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.