29
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$2,300,000
Est. payment /mo
Active
126 N Ellsworth AVE San Mateo, CA 94401
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82029362
HOA Y/N No
Year Built 1918
Annual Tax Amount $18,369
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 699 - Not Defined
Zoning R4
Interior
Heating Central, Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 5
Building
Water Public
Schools
School District Other
Others
Tax ID 032302010
Security Features Security Lights
Special Listing Condition Standard
Listed by Scott Philip Bay Area Estates