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ActiveMulti-Family

$2,398,000

1710-1712 Gum St, San Mateo 94402

Beds4
Baths4.5
Sqft2,940
DOM1
No Photos Available

AddressIntel AI Briefing

This newer construction duplex has limited upside due to SB 9 and ADU pathways being completely inapplicable or unknown. The optimal play is a simple buy-and-hold strategy or a light cosmetic value-add to maximize current market rents. Structural expansion is restricted, making it a defensive, cash-flow-driven investment rather than a major development project.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (San Mateo)

2026-09-0427 PRAGUE ST SAN MATEO 94401-1310 CA
Single Family (Alteration/Repair) - Alter
$25,000Issued
2026-09-03242 GREENFIELD AVE Unit: B SAN MATEO CA 94403-5010
Single Family (New) - New
$636,373Issued
2026-09-031543 KALMIA ST SAN MATEO CA 94402-3038
Single Family (Alteration/Repair) - Alter
$60,678Issued
2026-09-03242 GREENFIELD AVE SAN MATEO CA 94403-5010
Single Family (New) - New
$1,080,236Issued
2026-09-011542 ROBERTA DR SAN MATEO 94403-1044 CA
Single Family (Alteration/Repair) - Alter
$145,047Issued
2026-09-011600 LODI AVE SAN MATEO 94401-3658 CA
Single Family (Addition) - Add/Alter
$530,000Issued

Parcel & Zoning Info

APN035217020
Official Lot Sqft5,000
Zoning CodeNO DATA ASSIGNED
SB 9 StatusN/A

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

Yes
In a mapped liquefaction zone. May require specialized foundation engineering.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities.

Nearby Public Schools

Elementary School

Sunnybrae Elementary

San Mateo-Foster City

0.6 miles away
Middle School

Borel Middle

San Mateo-Foster City

0.6 miles away
High School

Aragon High

San Mateo Union High

1.0 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

79/100

Based on recent sales velocity and local demand in 94402.

Flippability Score

50/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

62%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 5 recent multi-family sales in San Mateo (94402): $497/sqft. Sized within 50% of the 4,400 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.

Hard Costs$2,420,000
New Build4,400 sqft
Total Capital Required$4,993,000
Estimated Resale (ARV)$2,186,800
Cost of Sale (5%)-$109,340
Net Proceeds$2,077,460

Projected Profit

-$2,915,540
-58.4% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Mateo 94402)

Sized to the modelled 4,400 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

1017 10th Ave

Sold
$1,700,000
Sold: 2026-06-19
Lot: 4,800
Sqft: 2799
$/Sqft: $607

906-908 Haddon Dr

Sold
$1,592,500
Sold: 2026-03-09
Lot: 4,620
Sqft: 2600
$/Sqft: $613

840 9th Ave

Sold
$1,100,000
Sold: 2026-03-07
Lot: 5,146
Sqft: 2239
$/Sqft: $491

2005 Parrott Dr

Sold
$2,308,600
Sold: 2026-02-20
Lot: 8,377
Sqft: 4840
$/Sqft: $477

6 Avila Rd

Sold
$1,850,000
Sold: 2025-12-30
Lot: 5,696
Sqft: 3724
$/Sqft: $497