119 E Poplar Avenue, San Mateo, California 94401, San Mateo, - bed, bath

home-pic
ACTIVE$1,598,000
119 E Poplar Avenue, San Mateo, California 94401
0Bed
0Bath
2,490Sqft
7,314Lot
Year Built
1922
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021482
Home ConditionFair
Features
View-

About this home

Rare Investment Opportunity in Prime San Mateo Location! Ideally located between Downtown Burlingame and Downtown San Mateo, this well-maintained duplex, with additional unit, offers flexibility for investors, multi-generational living, or owner-occupants. The property includes a 2BR/1BA upper unit, 3BR/1BA middle unit, and a 1BR/1BA studio all currently rented month-to-month with a combined monthly income of $7,350 (utilities not included). Features include updated interiors, newer carpet, tile flooring, crown molding, and abundant natural light. Select units offer stainless steel appliances. Recent upgrades: composite roof, skylights, fresh interior/exterior paint, and updated sewer lateral. Shared laundry, dedicated storage closets, and open parking for 3 vehicles enhance functionality. Large lot may offer ADU potential (buyer to verify with City of San Mateo). Convenient, walkable location near Caltrain, top schools, parks, trails, and a wide variety of shops and restaurants. Live in one unit and rent the others, or enjoy solid rental income from all three. A rare and versatile opportunity in a sought-after neighborhood!

Price History

Date
Event
Price
09/13/25
Listing
$1,598,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot2,4903,585
50%
Lot Size7,3147,557
50%
Price$1.6M$2.36M
50%
Price per square foot$642$654
50%
Built year19229610962
50%
HOA
Days on market5379
50%
Condition Rating
Fair

Built in 1922, this property has undergone various updates and is described as 'well-maintained' with 'updated interiors' and 'newer carpet, tile flooring.' Recent upgrades to the roof, paint, and sewer lateral are positive for structural integrity. However, a closer look at the images reveals that while clean and functional, the kitchens and bathrooms are largely outdated in style. There are multiple units, and the kitchens range from somewhat updated (likely 10-15 years ago) to quite dated (15-30+ years old, with older appliances). The visible bathroom also appears to have been updated 15-25 years ago. The property is aged but maintained, with major components functional but showing signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Location & Walkability: Ideally situated between Downtown Burlingame and San Mateo, offering excellent walkability to Caltrain, top schools, parks, and a wide variety of shops and restaurants.
Versatile Multi-Unit Income Property: Comprising three units (2BR/1BA, 3BR/1BA, 1BR/1BA studio) with a combined monthly income of $7,350, providing flexibility for investors, multi-generational living, or owner-occupancy.
Significant Recent Capital Improvements: Features a new composite roof, skylights, fresh interior/exterior paint, and an updated sewer lateral, minimizing immediate capital expenditure for a new owner.
ADU Development Potential: The large lot presents a valuable opportunity for future expansion through an Accessory Dwelling Unit, potentially increasing property value and rental income.
Well-Maintained & Updated Interiors: The property boasts updated interiors, newer flooring, crown molding, and stainless steel appliances in select units, enhancing tenant appeal and reducing immediate renovation needs.

Cons

Historic Property Age: Constructed in 1922, the property's age, despite recent updates, may entail ongoing maintenance considerations typical of older buildings and potential for unforeseen infrastructure issues.
Month-to-Month Lease Structure: All units are currently rented on month-to-month agreements, which could introduce higher tenant turnover risk or less stable long-term income projections for investors.
Unverified ADU Potential: The ADU potential is explicitly stated as requiring buyer verification with the city, meaning it's not a confirmed or pre-approved feature and necessitates additional due diligence.

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