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

444 Villa Terrace, San Mateo, California 94401 home-pic-0
ACTIVE$2,495,000
444 Villa Terrace, San Mateo, California 94401
0Bed
0Bath
3,607Sqft
7,500Lot
Year Built
1961
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$692
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026563
Home ConditionFair
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.50M(50th), sqft - 3607(50th), beds - undefined(50th), baths - undefined(50th).

Beautifully maintained 4 unit building in a prime San Mateo location near top rated schools. Excellent Investment Opportunity, long-term tenants with a low vacancy rate. Each 2BR 1BA unit offers private outdoor space, with decks for the upper units and yards for the lower units. Unit 2 includes a carport plus an uncovered space and could serve as an ideal owners unit with its private backyard. Unit 3 features remodeled kitchen with quartz counters, new cabinets, fixtures, and appliances, and modern bath with new tile, vanity, and flooring. Recent upgrades include roof work, deck waterproofing, exterior paint, new doors, and rebuilt carport. Large 7500 sf lot offers room for expansion and possible additional unit over carports. Walk to downtown Burlingame and San Mateo.

Nearby schools

4/10
San Mateo Park Elementary School
Public,•K-5•0.7mi
6/10
Baywood Elementary School
Public,•K-5•1.6mi
2/10
Horrall Elementary School
Public,•K-5•1.7mi
5/10
Meadow Heights Elementary School
Public,•K-5•2.8mi
5/10
Beresford Elementary School
Public,•K-5•2.9mi
4/10
Laurel Elementary School
Public,•K-5•3.5mi
6/10
Borel Middle School
Public,•6-8•1.9mi
7/10
Bayside S.T.E.M. Academy
Public,•6-8•2.2mi
4/10
Abbott Middle School
Public,•6-8•3.5mi
7/10
San Mateo High School
Public,•9-12•0.1mi

Price History

Date
Event
Price
11/03/25
Listing
$2,495,000
Condition Rating
Fair
Built in 1961, the property has received significant recent exterior upgrades (roof, paint, carport) and one of the four units (Unit 3) has been fully remodeled with a modern kitchen (quartz counters, new cabinets, stainless steel appliances) and bath. However, images of other units clearly show dated kitchens with older cabinets, tile countertops, and appliances, suggesting the majority of the units have not undergone recent extensive renovations. While well-maintained, these dated interiors require substantial cosmetic updates to meet current market standards, placing the overall property in the 'Fair' category due to inconsistent modernization across units.
Pros & Cons

Pros

Prime Location & Walkability: The property boasts a prime San Mateo location, offering excellent walkability to downtown Burlingame and San Mateo, and is situated near top-rated schools, enhancing its appeal to tenants.
Strong Investment Opportunity: Described as an 'Excellent Investment Opportunity' with long-term tenants and a low vacancy rate, indicating stable income and reliable occupancy for an investor.
Recent Capital Improvements: Significant recent upgrades including roof work, deck waterproofing, exterior paint, new doors, and a rebuilt carport reduce immediate capital expenditure for a new owner.
Development & Expansion Potential: A large 7500 sq ft lot provides ample room for future expansion or the potential to add an additional unit over the carports, increasing future value.
Desirable Unit Amenities & Partial Modernization: Each unit offers private outdoor space (decks or yards), and Unit 3 features a recently remodeled kitchen with quartz counters and a modern bath, enhancing tenant desirability.

Cons

Building Age: Built in 1961, despite recent upgrades, the building's age may imply potential for future maintenance needs related to older infrastructure (e.g., plumbing, electrical) not covered by recent renovations.
Inconsistent Unit Modernization: Only Unit 3 is explicitly mentioned as having a remodeled kitchen and bath, suggesting the other three units may be dated and require significant investment to achieve similar modern standards and maximize rental income.
Potential for Below-Market Rents: The presence of 'long-term tenants' often indicates that current rents may be below market value, potentially limiting immediate cash flow for a new investor until units turn over or rents can be legally adjusted.

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