Back 94 East 39th Avenue
Off Market

94 East 39th Avenue

San Mateo CA 94403

2520 sq. ft.
6101 sq. ft.
Duplex
Last sold for $1,760,000
Nathan GustavsonNathan Gustavson, last sold this property on 21 November 2025 after 107 days on market.

Overview

94 East 39th Avenue is beautifully updated four (4) unit multifamily asset in a prime San Mateo location, ideal for investors or owner-users. Located in the quiet San Mateo Village neighborhood just five (5) blocks from Hillsdale Shopping Center, the property features four spacious 1-Bedroom/1-Bath units (~630 sqft), all tastefully renovated with quartz countertops, updated appliances, modern flooring, and upgraded electrical. His-and-hers closets and individual water heaters add comfort, ample hot water and convenience for the tenants. --- Situated on a 6,101 square foot lot, the building includes four (4) covered carport, a bonus side yard with potential for added parking or storage, and an on-site laundry room with owned washer/dryer machines for additional income. --- Tenants enjoy proximity to Hillsdale Mall, Trader Joes, Whole Foods, and multiple public parks. The property provides easy access and is a short walk to El Camino Real, Hwy 92, Hwy 101, and Caltrain. Current annual income exceeds $113,300/year with an in place 4.00% cap rate and 16.13 GRM. A strong rental location with upside potential in a desirable mid-Peninsula submarket.

Features

2520 sq. ft. floor area
6101 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in San Mateo over the last 12 months, the estimated median property value of 94 East 39th Avenue is $1.7m.

Median value
$1.7m
Estimated value range
$1.52m - $2.44m
Median days on market
16
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in San Mateo. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 94 East 39th Avenue

2025
Sold
$1,760,000
21 Nov 2025 by Nathan Gustavson, of Compass

Happy sellers in San Mateo

94%
94% of sellers in San Mateo reported that their sale price either exceeded or met their price expectations.

San Mateo stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in San Mateo over the last 12 months.

Local market activity for duplexes in San Mateo

In the last 12 months, 8 duplexes similar to 94 East 39th Avenue, have been sold.

This represents a 28% decrease in duplexes sales when compared to the previous 12 months.

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