$1,688,000
450-452 State St, San Mateo 94401
AddressIntel AI Briefing
With SB 9 noted as not applicable and zero ADU feasibility listed, there are no viable density expansion plays for this property. Given that a theoretical new build's value is lower than the current asking price, any teardown is financially unfeasible. The optimal play is to operate the existing asset as a turnkey rental to capture yield in a tenant-heavy, lower owner-occupancy pocket.
Property Permit History
Recent Neighborhood Remodeling (San Mateo)
Parcel & Zoning Info
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
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
College Park Elementary
San Mateo-Foster City
Crocker Middle
Hillsborough City Elementary
San Mateo High
San Mateo Union High
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
63/100
Based on recent sales velocity and local demand in 94401.
Flippability Score
15/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
35%
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 multi-family sales in San Mateo (94401): $581/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 3,100 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.
Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (San Mateo 94401)
Sized to the modelled 3,100 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.