

10 Units San Mateo | A+ Location | Huge Units
OPEN HOUSE | Wednesday 5/13 from Noon to 1 pm
Marketing description
Price reduced 4/29/2026. Act now, will sell. Crystal Springs Apartments is a generational multifamily asset, held by the same family for decades after establishing deep roots in San Mateo County more than 90 years ago. Constructed in 1978 by the developer of the adjacent Crystal Springs Village Shopping Center, the property reflects a level of care, intention, and permanence that is increasingly rare. Both in construction and interior character, the residences offer an experience more akin to a single-family home than a conventional rental property. It is 10-units consisting of (2) 2 bed / 2.5-bath townhouses, (5) 2 bed / 2 bath, and (3) 1 bed / 1 bath units. The property is two separate buildings located in a primarily single family residential neighborhood. It is situated on two separate parcels (041-203-010 and 041-203-020) that combine for ~0.35 acres of land. Residents enjoy amenities such as enclosed garage and covered parking, vaulted ceilings in second floor units, fireplace in each unit, and balconies and/or patios. The property's Peninsula location is near the midpoint of San Francisco and the Silicon Valley allowing for easy access to all major Bay Area employment centers. The neighboring multifamily property at 2005 Parrott Dr sold for $769,533 per unit on 2/20/2026.
Investment highlights
- Extremely rare ten-unit apartment building located in the hills of San Mateo, one of the most desirable areas to live on the Peninsula.
- Large and spacious units averaging over 1,000* sqft each with functional floorplan layouts.
- Significant Value-Add opportunity
- Two impressive townhome units with expansive vaulted ceilings and built-in laundry hookups.
- All units have their own outdoor space with either a balcony, large patio or both.
- Second-floor units have vaulted ceilings for an open feel with impressive natural light.
- Crystal Springs Village Shopping Center located directly across the street. It is anchored by Safeway and CVS and has over 30 retailers, services, and restaurants.
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