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ActiveCondo

$634,400

2080 S Delaware St, San Mateo 94403

Beds2
Baths1.5
Sqft1,023
DOM9
No Photos Available

AddressIntel AI Briefing

This San Mateo condo serves as a compelling investment opportunity due to its heavily discounted below-market pricing. Low owner-occupancy rates in the block group hint at a strong tenant pool, making it ideal for a high-yield hold strategy despite regional liquefaction risks.

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

APN103480240
Official Lot Sqft577
Zoning CodeNO DATA ASSIGNED
SB 9 StatusN/A

Condo Investment Snapshot

Value Score99/100
Price / Sqft$620 vs $820 mkt
Price vs Market-24.4% Below market
Est. Rent$2,203/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.

Seller Motivation

Motivation Score15/100
Low motivation
Needs updating

Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.

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

Borel Middle

San Mateo-Foster City

0.9 miles away
High School

Hillsdale High

San Mateo Union High

1.2 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

84/100

Based on recent sales velocity and local demand in 94403.

Flippability Score

85/100

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

Bidding War Prob.

63%

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 condo sales in San Mateo (94403): $776/sqft. Sized within 25% of the 1,500 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$825,000
New Build1,500 sqft
Total Capital Required$1,634,400
Estimated Resale (ARV)$1,164,000
Cost of Sale (5%)-$58,200
Net Proceeds$1,105,800

Projected Profit

-$528,600
-32.3% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Mateo 94403)

Sized to the modelled 1,500 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

2449 Willow Way

Sold
$1,304,528
Sold: 2026-09-17
Lot: -
Sqft: 1386
$/Sqft: $941

1951 Ofarrell St Apt 216

Sold
$921,000
Sold: 2026-09-14
Lot: 1,433
Sqft: 1274
$/Sqft: $723

1951 Ofarrell St Apt 207

Sold
$870,000
Sold: 2026-08-17
Lot: -
Sqft: 1143
$/Sqft: $761

2747 Tiburon St

Sold
$1,690,000
Sold: 2026-08-11
Lot: -
Sqft: 1743
$/Sqft: $970

10 Scenic Way Apt 307

Sold
$900,000
Sold: 2026-07-28
Lot: -
Sqft: 1138
$/Sqft: $791

2737 Tiburon St

Sold
$1,457,785
Sold: 2026-06-22
Lot: -
Sqft: 1609
$/Sqft: $906

10 Scenic Way Apt 302

Sold
$850,000
Sold: 2026-06-17
Lot: 327,072
Sqft: 1292
$/Sqft: $658

220 Waters Park Cir Unit 201

Sold
$1,425,000
Sold: 2026-06-15
Lot: -
Sqft: 1798
$/Sqft: $793

35 W 20th Ave Apt 109

Sold
$739,000
Sold: 2026-05-08
Lot: 1,153
Sqft: 1213
$/Sqft: $609

2894 Baze Rd

Sold
$539,900
Sold: 2026-04-15
Lot: -
Sqft: 1310
$/Sqft: $412

35 W 20th Ave Apt 105

Sold
$785,000
Sold: 2026-04-15
Lot: -
Sqft: 1216
$/Sqft: $646

2419 Willow Dr

Sold
$1,361,281
Sold: 2026-04-13
Lot: -
Sqft: 1386
$/Sqft: $982