320 Villa Terrace, San Mateo, California 94401, San Mateo, - bed, bath

home-pic
ACTIVE$1,998,888
320 Villa Terrace, San Mateo, California 94401
0Bed
0Bath
3,880Sqft
7,563Lot
Year Built
1907
Close
-
List price
$2M
Original List price
$2.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008039
Home ConditionGood
Features
Good View:
View-

About this home

Welcome to 320 Villa Terrace, a rare opportunity to own a historic 1907 triplex with a bonus studio in the heart of San Mateo. This beautifully maintained property offers 3,880 sqft of living space on a 7,500 sqft lot. It includes two 1BD/1BA units, one 2BD/1BA unit, and a non-conforming basement studio ideal for added rental income or flexible use. Unit #1 features a bright living room, two spacious bedrooms with hardwood floors, and updated kitchen & bathroom. Unit #2 offers a sunny living room with fireplace, updated kitchen & bath, and newer appliances. Unit #3 includes a cozy bedroom, large eat-in kitchen, and bonus office/living space. Each unit comes with its own attached one-car garage. The property also features a shared laundry area, ample storage, and a full basement. The expansive backyard offers potential for an ADU - buyers to verify with the City of San Mateo. Conveniently located between Burlingame and Downtown San Mateo, it's minutes to shopping, dining, the Japanese Tea Garden, Coyote Point, and San Mateo Arboretum. A perfect blend of historic charm, central location, and rental upside. 320 Villa Terrace is a true San Mateo gem!

Price History

Date
Event
Price
10/25/25
Price Change
$1,998,888-8.6%
05/22/25
Listing
$2,188,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,8804,280
50%
Lot Size7,5637,682
50%
Price$2M$2.56M
50%
Price per square foot$515$590.5
50%
Built year19079535962
50%
HOA
Days on market167136
50%
Condition Rating
Good

Despite being built in 1907, the property has been extensively updated and is beautifully maintained, as stated in the description and evidenced by the images. The visible bathroom features modern tiling, a contemporary vanity, and a glass-enclosed shower. Interior rooms show modern laminate flooring, fresh paint, and updated windows. The exterior appears well-kept with recent paint and a solid roof. While not a brand-new build, the significant updates to kitchens and bathrooms (as described for multiple units) and overall condition make it move-in ready with no immediate renovations required, fitting the 'Good' criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Strong Income Potential: The property is a triplex with an additional non-conforming basement studio, offering multiple rental streams and diverse unit types (two 1BD/1BA, one 2BD/1BA), maximizing income generation.
Prime San Mateo Location: Centrally located between Burlingame and Downtown San Mateo, providing excellent access to shopping, dining, parks, and transportation, enhancing tenant demand and property value.
Historic Charm & Updates: A beautifully maintained 1907 historic property that blends classic architectural appeal with modern functionality, featuring updated kitchens and bathrooms in some units.
Value-Add Opportunities: The expansive 7,500 sqft lot offers potential for an Accessory Dwelling Unit (ADU), and a full basement provides additional storage or future development possibilities.
Dedicated Parking: Each unit benefits from its own attached one-car garage, a significant and highly desirable amenity in an urban setting.

Cons

Non-Conforming Basement Studio: The basement studio is explicitly non-conforming, which could pose legal or permitting challenges for rental income and may require significant investment to legalize.
ADU Potential Requires Verification: The potential for an Accessory Dwelling Unit (ADU) is not guaranteed and requires the buyer to undertake due diligence and obtain city approval, adding uncertainty and potential costs.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which might indicate initial overpricing or a longer market time, potentially signaling buyer resistance.

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