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ActiveMulti-Family

$1,900,000

414 E 16th Ave, San Mateo 94402

Beds2
Baths4
Sqft3,325
DOM3
No Photos Available

AddressIntel AI Briefing

The existing structure is already highly renovated and sits on a lot with high coverage and liquefaction risk. Since SB 9 is not applicable here, the optimal strategy is to hold the asset as a premium rental property. Avoid high-risk redevelopment given the lack of zoning density pathways.

Property Permit History

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

Recent Neighborhood Remodeling (San Mateo)

2026-09-18960 SHORELINE DR SAN MATEO CA 94404-2024
Single Family (Alteration/Repair) - Repair - Repair
$28,000Issued
2026-09-18707 W CAPISTRANO WAY SAN MATEO 94402-2012 CA
Single Family (Alteration/Repair) - Alter - Alter
$97,084Issued
2026-09-18732 RAND ST SAN MATEO 94401-3110 CA
Single Family (Alteration/Repair) - Alter - Alter
$54,154Issued
2026-09-1618 ST JOHNS CT SAN MATEO 94401-2212 CA
Single Family (Addition) - Add/Alter - Add/Alter
$43,202Issued
2026-09-151201 SHORELINE DR SAN MATEO CA 94404-2056
Single Family (Alteration/Repair) - Kitchen & Bath Remodel (Flat)
$4,300Issued
2026-09-154114 GEORGE AVE Unit: 4 SAN MATEO 94403-4713 CA
Single Family (Alteration/Repair) - Kitchen & Bath Remodel (Flat)
$65,204Issued

Parcel & Zoning Info

APN035072110
Official Lot Sqft5,787
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. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Sunnybrae Elementary

San Mateo-Foster City

0.4 miles away
Middle School

Borel Middle

San Mateo-Foster City

0.8 miles away
High School

Aragon High

San Mateo Union High

1.1 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

35/100

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

Bidding War Prob.

60%

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 4 recent multi-family sales in San Mateo (94402): $552/sqft. Sized within 50% of the 5,000 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$2,750,000
New Build5,000 sqft
Total Capital Required$4,825,000
Estimated Resale (ARV)$2,760,000
Cost of Sale (5%)-$138,000
Net Proceeds$2,622,000

Projected Profit

-$2,203,000
-45.7% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Mateo 94402)

Sized to the modelled 5,000 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

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