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ActiveMulti-Family

$2,600,000

109 Hobart Ave, San Mateo 94402

Beds6
Baths3.5
Sqft3,686
DOM11
No Photos Available

AddressIntel AI Briefing

High neighborhood comp ceilings up to $6.5M and zero hazard risks make this a premier candidate for a luxury-tier renovation. While its large existing square footage discourages a complete teardown, the massive spread between asking price and potential ARV represents an elite developer play.

Property Permit History

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

Recent Neighborhood Remodeling (San Mateo)

07/06/20262078 QUEENS LN, SAN MATEO CA 94402-0000
Electrical Service Upgrade
$2,000Issued
07/06/20261720 MONTICELLO Rd, San Mateo CA 94402-0000
Auto Issue Permit
--Pending Payment
07/02/2026649 MAGNOLIA DR SAN MATEO 94402-1960 CA
Single Family (Addition) - Add/Alter
$200,475Issued
07/02/2026408 TERRACE WAY SAN MATEO CA 94403-2710
Single Family (Alteration/Repair) - Kitchen & Bath Remodel (Flat)
$50,000Issued
06/30/20261585 LEXINGTON AVE, SAN MATEO CA 94402
Electrical Service Upgrade
--Pending
06/30/2026SAN MATEO CA 94402-0000
Building Permit Revision
--Received

Parcel & Zoning Info

APN--
Official Lot Sqft--
Zoning Code--
SB 9 StatusBlocked

Hazard Snapshot

Flood Zone

None
No data available.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No data
Seismic data unavailable.

Fault Zone

No data
Seismic data unavailable.

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

Proprietary Intelligence

Market Heat Index

70/100

Based on recent sales velocity and local demand in 94402.

Flippability Score

85/100

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.

Based on 6 recent sales in 94402 averaging $1,263/sqft.

Hard Costs$2,211,600
New Build5,529 sqft
Total Capital Required$4,986,600
Estimated Resale (ARV)$6,983,127

Projected Profit

$1,996,527
40.0% ROI

Recent Comparables (94402)

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