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ActiveTownhouse

$1,498,888

2823 Olivares Ln, San Mateo 94403

Beds2
Baths2.5
Sqft1,385
DOM0
No Photos Available

AddressIntel AI Briefing

This contemporary 2013 townhouse is framed as an investment asset, priced at a premium relative to the local market reference point. With only a single unit available in the building, bulk-acquisition strategies are not viable, limiting the immediate play to a premium rental. High estimated rents offer decent yielding potential for passive investors who value turnkey, modern construction.

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

APN123950020
Official Lot Sqft637
Zoning CodeNO DATA ASSIGNED
SB 9 StatusN/A

Condo Investment Snapshot

Value Score0/100
Price / Sqft$1,082 vs $820 mkt
Price vs Market+32% Above market
Est. Rent$5,204/mo

Price positioning vs. 88 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.

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

Fiesta Gardens International Elementary

San Mateo-Foster City

0.4 miles away
Middle School

Abbott Middle

San Mateo-Foster City

1.3 miles away
High School

Hillsdale High

San Mateo Union High

1.3 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

85/100

Based on recent sales velocity and local demand in 94403.

Flippability Score

30/100

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 12 recent townhome sales in San Mateo (94403): $1,011/sqft. Sized within 25% of the 2,100 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$1,155,000
New Build2,100 sqft
Total Capital Required$2,828,888
Estimated Resale (ARV)$2,123,100
Cost of Sale (5%)-$106,155
Net Proceeds$2,016,945

Projected Profit

-$811,943
-28.7% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Mateo 94403)

Sized to the modelled 2,100 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

116 Franklin Pkwy

Sold
$1,600,000
Sold: 2026-06-25
Lot: -
Sqft: 1608
$/Sqft: $995

181 Waters Park Cir

Sold
$1,825,000
Sold: 2026-06-16
Lot: -
Sqft: 2088
$/Sqft: $874

1331 Wayne Way

Sold
$1,450,000
Sold: 2026-05-19
Lot: 2,758
Sqft: 1750
$/Sqft: $829

3044 Mawing Rd

Sold
$2,235,000
Sold: 2026-05-14
Lot: -
Sqft: 2172
$/Sqft: $1,029

1211 Wayne Way

Sold
$1,650,000
Sold: 2026-04-06
Lot: 2,598
Sqft: 1750
$/Sqft: $943

406 E 28th Ave # L6

Sold
$2,000,000
Sold: 2026-04-02
Lot: 8,880
Sqft: 1690
$/Sqft: $1,183

406 E 28th Ave

Sold
$2,000,000
Sold: 2026-04-02
Lot: 1,945
Sqft: 1690
$/Sqft: $1,183

2862 Baze Rd

Sold
$1,755,000
Sold: 2026-04-01
Lot: 2,345
Sqft: 1710
$/Sqft: $1,026

150 Hack Ross Ave

Sold
$2,260,000
Sold: 2026-03-27
Lot: -
Sqft: 2516
$/Sqft: $898

416 Longden Ave

Sold
$2,300,500
Sold: 2026-03-18
Lot: 8,701
Sqft: 2120
$/Sqft: $1,085

416 Longden Ave # H1

Sold
$2,300,500
Sold: 2026-03-18
Lot: 8,701
Sqft: 2120
$/Sqft: $1,085

413 Franklin Pkwy

Sold
$1,999,000
Sold: 2026-03-09
Lot: 3,028
Sqft: 2454
$/Sqft: $815