Property Overview:
220 N San Mateo Dr is a multi-family property in San Mateo, CA, built in 1938. The building features 8 units (4 studios and 4 one-bedroom/one-bath apartments), totaling approximately 4,310 sq. ft. of living space. The property sits on a large 18,700–19,000 sq. ft. lot and includes garage parking for each unit. About half of the lot is undeveloped, offering significant value-add or redevelopment potential (including possible ADUs).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6.2% (lower than state average of 11.8%).
- Property crime risk: 4.7% (lower than state average of 10.8%).
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Schools:
Nearby schools include College Park Elementary, San Mateo High, and Borel Middle.- Average SAT score: 975 (state average).
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Job Market:
- 54.6% white-collar jobs, 45.4% blue-collar jobs.
- Unemployment rate: 4.0% (lower than state average of 4.7%).
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Demographics:
- Community population: 32,760 (11% growth since 2000).
- 56% families with children.
- Largest age group: 25-34 years (18.03%); second largest: 35-44 years (16.22%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.0°F (January), 66.5°F (July).
- Average rainfall: 20.4 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $61,942.
- Average annual spending: $49,596.
Property Features:
- 8 total units: 4 studios and 4 one-bedroom/one-bath apartments.
- Garage parking for each unit.
- Large lot (approx. 18,700–19,000 sq. ft.) with significant undeveloped land.
- Favorable zoning allows for potential redevelopment or addition of ADUs.
- Value-add opportunity: Half the lot is vacant, suitable for new development or expansion.
- Proximity to major employers: Franklin Templeton Investments, Sony, Snowflake, Rakuten, Roblox.
- Easy access to transportation: U.S. Route 101, State Route 92, San Mateo Caltrain Station, San Mateo-Hayward Bridge, Interstate 280, El Camino Real.
Location Benefits:
- Walking distance to Downtown San Mateo and close to Downtown Burlingame, offering high-end shopping, dining, and entertainment.
- Strong employment fundamentals and low vacancy rates in the area.
- Commuter-friendly with access to major highways and public transit.
- Attractive investment opportunity due to zoning flexibility, development potential, and prime location.