16 W Bellevue Ave, San Mateo, CA, 94402
About This Home
TRUE TROPHY FOURPLEX BORDERING HILLSBOROUGH!! The Hillsborough Apartments is an incredible opportunity to acquire a true pride of ownership property in one of the most sought after locations on the peninsula. With outstanding in-place rents, this trophy asset is a true turnkey apartment building perfect for investors, owner-occupiers, and generational family purchasers alike. Strategically positioned west of the El Camino Real, bordering the prestigious Hillsborough neighborhood, this property is a MUST SEE! Attractive Unit Mix: All four units are 2-bed, 1-bath, approximately 1,000 sf each. The property benefits from numerous recent upgrades and capital improvements. All 4 units updated with granite counters and subway tile wainscoting, crown molding, arched walkways, custom cherry cabinets, Restoration Hardware fixtures, Baldwin door knobs & deadbolts, and Leviton dimmer lights and electric plugs. New roof in 2021, new water heaters, new sewer lateral in 2019 & new sewer line and cleanout. New plumbing valves. Double-Paned windows throughout with custom plantation shutters. Energy Efficient Washer/ Dryer in each unit. Add an ADU by converting the garage parking into an additional unit or two to increase value and cash flow!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1947
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Residential Income
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Refrigerator,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Features
- Door features: None
- Flooring: Hardwood
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 3,856
- Total interior livable area: 3,856 sqft
Kitchen
- Features: Countertop_Granite
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 032071050
- Zoning: Multifamily: R4
- Special condition: Standard
Features
- Stories: 2
Lot
- Lot size: 6,377 sqft
Parking
- Total spaces: 4
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
How This Home’s Risks Compare
FEMA Declared Disasters in San Mateo County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,467 | $233,604 |
| Home Insurance * | $343 | $4,116 |
| Property Taxes | $4,060 | $48,720 |
| Electricity | $826 | $9,922 |
| Total | $24,696 | $296,352 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $3,850,000 |
| 2026-05-25 | Listing removed | $3,650 |
| 2026-05-18 | Listed for rent | $3,650 |
| 2018-06-22 | Sold | $3,650,000 |
| 2006-07-17 | Sold | $1,320,000 |
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