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Large Corner Lot 126 N Ellsworth Ave 5 Unit Apartment Building $3,168,940 CAD ($633,788 CAD/Unit) 4.52% Cap Rate San Mateo, CA 94401
INVESTMENT HIGHLIGHTS
- Corner Lot / A+ Location
- Property Inspections are Buyer Favorable
EXECUTIVE SUMMARY
Prime 8,800+ Sq Ft Corner Lot
This well-located 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, and 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.
With an exceptional 94 Walk Score, 126 N Ellsworth is just 1.5 blocks 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 Peninsula’s leading AI, tech, and biotech employers.
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This well-located 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, and 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.
With an exceptional 94 Walk Score, 126 N Ellsworth is just 1.5 blocks 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 Peninsula’s leading AI, tech, and biotech employers.
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FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$181,870
|
$64.95
|
| Other Income |
$131
|
$0.05
|
| Vacancy Loss |
$7
|
$0.00
|
| Effective Gross Income |
$181,994
|
$65.00
|
| Taxes |
$26,178
|
$9.35
|
| Operating Expenses |
$35,141
|
$12.55
|
| Total Expenses |
$61,319
|
$21.90
|
| Net Operating Income |
$120,675
|
$43.10
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $181,870 |
| Annual Per SF | $64.95 |
| Other Income (CAD) | |
|---|---|
| Annual | $131 |
| Annual Per SF | $0.05 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7 |
| Annual Per SF | $0.00 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $181,994 |
| Annual Per SF | $65.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,178 |
| Annual Per SF | $9.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $35,141 |
| Annual Per SF | $12.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,319 |
| Annual Per SF | $21.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $120,675 |
| Annual Per SF | $43.10 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Fireplace
- Washer/Dryer
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Range
- Tub/Shower
- Garden
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Zen Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,860 CAD | 400 |
| 1+1 | 3 | $3,100 CAD | 600 - 750 |
| 1+1 | 1 | $3,720 CAD | 800 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 032-302-010 | Total Assessment | $737,637 CAD (2025) |
| Land Assessment | $222,447 CAD (2025) | Annual Taxes | $26,178 CAD ($9.35 CAD/SF) |
| Improvements Assessment | $515,190 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
032-302-010
Land Assessment
$222,447 CAD (2025)
Improvements Assessment
$515,190 CAD (2025)
Total Assessment
$737,637 CAD (2025)
Annual Taxes
$26,178 CAD ($9.35 CAD/SF)
Tax Year
2024
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Large Corner Lot | 126 N Ellsworth Ave
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