58 E 39th Avenue, San Mateo, California 94403, San Mateo, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$2,395,000
58 E 39th Avenue, San Mateo, California 94403
0Bed
0Bath
5,750Sqft
13,503Lot
Year Built
1935
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
-
HOA
-
Days on market
53 Days
Sold On
2025-11-17
MLS number
ML82022896
Home ConditionGood
Features
Good View:
Deck
Patio
View-

About this home

SC Properties is pleased to present. This multi-family property offers a total of 5,740 square feet of living space on a generous 13,500 square foot lot. The property features a beautifully remodeled duplex, each unit offering 2 bedrooms and 2 baths with tasteful finishes throughout. TPO roof on the duplex was installed in 2025, and the sewer lateral was replaced in 2024. The duplex and single-family home have separate utilities. Additionally, there is a spacious 3,500 square foot single-family home with two stories and a basement, providing ample space for a large family. Built in 1935 and recently remodeled in 2016, this property is equipped with modern amenities and individually metered units. The private yards offer a secluded outdoor space for each unit. Located in a desirable neighborhood, this property provides convenient access to Bay Meadows, Hilldale Mall, local schools, parks, and dining options. With parking available in the carport and on the street, tenants will never have to worry about finding a space. Offered at $2,395,000, this multi-family property is the perfect opportunity for investors or those looking to live in one unit and rent out the others. Don't miss out on this rare find.

Price History

Date
Event
Price
09/25/25
Listing
$2,395,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot5,7504,675
50%
Lot Size13,5039,902
50%
Price$2.4M$2.42M
50%
Price per square foot$417$547
50%
Built year19359675983
50%
HOA
Days on market40110
50%
Condition Rating
Good

The property, built in 1935, underwent a significant remodel in 2016, which is 8 years ago. Key updates like the TPO roof (2025, implying new) and sewer lateral (2024) are very recent. The description mentions 'beautifully remodeled duplex' with 'tasteful finishes' and 'modern amenities.' The images show a well-maintained exterior, fresh paint, and a mix of hardwood and clean carpet flooring. The kitchen features modern stainless steel appliances, but the wood cabinets, granite countertops, and tile backsplash, while in good condition, reflect a style from the 2016 renovation rather than current trends. Bathrooms appear clean and functional, but also align with the 2016 renovation style. Overall, it's move-in ready with major systems recently updated or new, but some aesthetic elements are not 'virtually new' or cutting-edge, placing it firmly in the 'Good' category rather than 'Excellent'.
Pros & Cons

Pros

Strong Investment Potential: This multi-family triplex property, with separate utilities and individually metered units, offers an excellent opportunity for investors seeking rental income or owner-occupiers looking to offset living costs.
Significant Recent Capital Improvements: Major upgrades including a new TPO roof installed in 2025 and a replaced sewer lateral in 2024 substantially reduce immediate capital expenditure for a new owner.
Prime San Mateo Location: Located in a desirable neighborhood with convenient access to Bay Meadows, Hilldale Mall, local schools, parks, and dining options, enhancing tenant appeal and property value.
Generous Property Size: The property boasts a substantial 13,500 square foot lot and a total of 5,740 square feet of living space across its units, providing ample room and flexibility.
Modernized Units & Amenities: The duplex units are beautifully remodeled with tasteful finishes, and the single-family home was recently remodeled in 2016, offering modern amenities and private yards for each unit.

Cons

Original Construction Age: Despite recent remodels, the property's original construction year of 1935 may imply potential for underlying older infrastructure or building systems that could require future maintenance or upgrades.
High Capital Investment: The asking price of $2,395,000 represents a significant financial commitment, potentially narrowing the pool of prospective buyers to highly qualified investors or affluent owner-occupiers.
Potential for Varied Remodel Ages/Styles: While both the duplex and single-family home are remodeled, the duplex is described as 'beautifully remodeled' (implying very recent), while the SFH was 'remodeled in 2016.' This difference in remodel age and style could lead to inconsistencies between units, potentially requiring further investment for standardization.

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