$1,188,000
229 E Bellevue Ave Apt 9, San Mateo 94401
AddressIntel AI Briefing
This condo unit is priced well above the local market average, limiting short-term flipping prospects. A buy-and-hold rental strategy is the most viable play here, targeting its strong estimated rent of $4,125 per month, though the lack of other active listings in the building rules out any bulk acquisition strategy.
Property Permit History
Recent Neighborhood Remodeling (San Mateo)
Parcel & Zoning Info
Condo Investment Snapshot
Price positioning vs. 120 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
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.
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
67/100
Based on recent sales velocity and local demand in 94401.
Flippability Score
10/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
45%
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 5 recent townhome sales in San Mateo (94401): $807/sqft. Sized within 25% of the 1,900 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.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (San Mateo 94401)
Sized to the modelled 1,900 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.