177 N El Camino Real 2, San Mateo, California 94401, San Mateo, - bed, bath

home-pic
ACTIVE$449,000
177 N El Camino Real 2, San Mateo, California 94401
1Bed
1Bath
710Sqft
Lot
Year Built
1949
Close
-
List price
$449K
Original List price
$499K
Price/Sqft
-
HOA
$775
Days on market
-
Sold On
-
MLS number
ML82014432
Home ConditionFair
Features
Good View: Park/Greenbelt
Pool
Spa
ViewPark/Greenbelt

About this home

Excellent opportunity to own walking distance to downtown San Mateo. Wrapped in mature foliage, El Cerrito Plaza is an established gem in one of San Mateo's most desirable neighborhoods. Flooded with natural light, unit #2, a first floor corner unit, is a charming, move-in ready home that invites your personal touches. Step inside to a welcoming foyer that leads to a spacious open concept living and dining area. Delightful galley-style kitchen equipped with modern amenities including an electric cooktop, newly re surfaced tile countertops, dishwasher, oven range and refrigerator. A separate hallway offers added privacy for the bedroom and full bath, making this layout both functional and serene. Hardwood floors, dual-pane windows & fresh paint throughout. Additional oversized storage closet provides ample room for gear, luggage, or hobby supplies. Tucked into a quiet back corner of the community, a gated pool w/spa awaits, complete w/dining tables, barbecues, and showers. Deeded parking spot directly in front of the unit plus ample additional parking. Laundry facility on site. HOA dues include water, garbage, heat, and common area ins. No rental restrictions. Estimated rental income $2,500 - $2,600/mo. Minutes to public transportation, Caltrain, Millbrae BART, freeways, and SFO.

Nearby schools

4/10
San Mateo Park Elementary School
Public,K-50.6mi
6/10
Borel Middle School
Public,6-81.3mi
7/10
San Mateo High School
Public,9-120.6mi

Price History

Date
Event
Price
09/18/25
Price Change
$449,000-7.2%
09/05/25
Price Change
$484,030
07/11/25
Listing
$499,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (37 Listings)
Beds12
39%
Baths11.5
50%
Square foot710968
21%
Lot Size00
Price$449K$563K
32%
Price per square foot$632$709.5
32%
Built year19499910992
3%
HOA$775$799
45%
Days on market118187
26%
Condition Rating
Fair

The property is move-in ready with hardwood floors, fresh paint, and dual-pane windows, which are positive updates. However, the kitchen features 'newly resurfaced tile countertops' and an older built-in double oven, indicating a dated style despite some newer appliances (dishwasher, refrigerator, cooktop). The bathroom also appears clean but dated with older fixtures and tile. While well-maintained, the kitchen and bathroom styles suggest renovations or updates that are 15-30+ years old, aligning with the 'Fair' category where major components are functional but show signs of being outdated and may require minor updates to meet current aesthetic standards.
Pros & Cons

Pros

Exceptional Location & Connectivity: Situated in a desirable San Mateo neighborhood, offering walkability to downtown and unparalleled access to public transportation (Caltrain, BART), major freeways, and SFO.
Strong Investment Opportunity: Absence of rental restrictions combined with a robust estimated rental income of $2,500 - $2,600/month makes this an attractive asset for investors.
Turnkey Condition with Modern Touches: The unit is move-in ready, featuring recent upgrades such as hardwood floors, dual-pane windows, fresh paint, and a kitchen equipped with modern appliances and newly resurfaced countertops.
Comprehensive Community Amenities: Residents benefit from a gated pool, spa, barbecue areas, on-site laundry, and inclusive HOA dues covering essential utilities like water, garbage, heat, and common area insurance.
Significant Price Adjustment: A notable price reduction from the original list price of $499,000 to $449,000 presents an enhanced value proposition for potential buyers.

Cons

Substantial Monthly HOA Dues: The $775 monthly association fee, while inclusive of some utilities, is relatively high and could impact affordability or cash flow for investors.
Building Age: Constructed in 1949, the building's age may lead to higher maintenance costs or require more significant capital improvements in the long term, despite unit-specific updates.
Limited Living Space: With 1 bedroom, 1 bathroom, and 710 square feet, the property offers a compact living arrangement that may not suit buyers seeking more expansive living areas or additional rooms.

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