19 E 41st Pl, San Mateo, CA 94403

Situated in a prime Silicon Valley location, 19 E 41st Place is a well-maintained six-unit multifamily asset located in San Mateo, one of the Peninsula’s most supply-constrained and commuter-driven rental markets. The property is ideally positioned near Hillsdale Mall, Caltrain, El Camino Real, and major commuter corridors, offering tenants convenient access to leading technology and healthcare employers throughout the region. Nearby employment drivers include Google, Intuit, Adobe, Microsoft, Atlassian, and Sutter Health, supporting sustained rental demand from a highly educated, professional tenant base.

Originally constructed in 1957 and significantly renovated in 2014, the ±2,447 SF building sits on a ±7,699 SF lot and features upgraded interiors, improved building systems, dual-pane windows, and refreshed exterior finishes that contribute to strong curb appeal and low ongoing maintenance. The property consists of six spacious studio units, a highly desirable unit mix catering to strong commuter and professional demand. Two units include private outdoor living spaces, including one with a fenced private yard and another with a private patio, enhancing tenant appeal and retention.

Operational efficiency is a key investment advantage, with tenants paying all utilities through RUBS, significantly reducing operating expenses and improving net operating income. The property includes six dedicated carport parking spaces, a valuable amenity in this parking-constrained Peninsula submarket. Additionally, the building features an owner-owned on-site laundry machine that is not currently being charged, providing the buyer with immediate income upside through the implementation of laundry fees. Overall, 19 E 41st Place represents a turnkey, low-maintenance multifamily investment with stable in-place operations, embedded upside, and long-term appreciation potential in one of the Peninsula’s most resilient rental markets.