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490 N Idaho Street, San Mateo, California


490 N Idaho Street, San Mateo, California 94401
- MLS® ID: 52140897

Property Details

490 N Idaho Street, San Mateo, California 94401 - First Time on Market in 40 Years. Extremely Convenient, Central Location in Mid-Peninsula. Low Vacancy Rate & Strong Rents. Proven Performer With Solid Cashflow & Value Appreciation. Very Low Tenant Turnover Property. Low Management Responsibilities. Responsible Onsite Manager (37+ Year Tenure) Does All Leasing & All Management. Substantial Capital Improvements: New Dual Pane Windows, Seismic Retrofit for Tuck-Under Parking, Exterior Paint, Plumbing & More. Property Situated on Low-Traffic Street, Sufficient Street Offset From 101. Easy Access to Poplar Ave, El Camino Real, and Downtown San Mateo. Most Tenants on Month-to-Month Leases With Below Market Rents. Current Rents: 1 BR/1 BA - $1,950/Month, 2 BR/1 BA - $2,350/Month, Studio/1 BA - $1,500/Month All Units Offer Excellent Rental Upside. Current CAP Rate: 3.71% / Current GRM: 16. Pro-Forma CAP Rate: 4.81% / Pro-Forma GRM: 13.6. Building SF: 15,141 SF / Lot Size: 15,682 SF / Cost Per SF: $559/SF


  • Zip94401
  • CountySan Mateo
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeMF
  • Year built1961
  • Lot size0.36
  • HeatingWall Furnace
  • CoolingNone
  • ParkingAttached Garage
  • Tax amount$114,018.00
  • MLS® ID52140897
  • MLS® nameMLSListings Datashare

Listing Courtesy of Don Sung~Colliers Parrish International

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“I would highly recommend Kim. She helped us sell our house a few years ago when we were moving out of state and we contacted her when we were coming back to help us find another home to buy. She is very professional, knowledgeable, and responsive.”

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