Property Overview:
3 E 41st Pl is a multi-family (4-plex) home in San Mateo, CA 94403, built in 1957. It offers 4 bedrooms, 4 bathrooms, and 2,288 sq. ft. of living space on a 6,164 sq. ft. lot. The property includes a parking garage and has a solid history of occupancy. The estimated home value is $1,730,812; currently listed for $1,375,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6% (lower than state average of 11.8%).
- Property crime risk: 6.6% (lower than state average of 10.8%).
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Schools:
Nearby schools include George Hall Elementary, Abbott Middle, Hillsdale High, and San Mateo County Special Education.- Average SAT score: 1076 (above state average of 975).
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Job Market:
- 67.9% white-collar jobs, 32.1% blue-collar jobs.
- Unemployment rate: 2.5% (lower than state average of 4.7%).
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Demographics:
- Community population: 38,894 (7% growth since 2000).
- 64% families with children.
- Largest age group: 35-44 years (16.07%); second largest 25-34 years (14.94%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.6°F (January), 70.5°F (July).
- Average rainfall: 20.4 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $83,713.
- Average annual spending: $61,232.
Property Features:
- 4-plex with a strong rental history; two units updated.
- Potential communal backyard or private outdoor space for lower units.
- Upper deck requires refurbishment (city-approved renovation plans in place).
- Parking garage included.
- Prime location between Bay Meadows and Laurie Meadows neighborhoods.
- Close to major employers, parks, and Hillsdale Shopping Center (retail, dining, entertainment).
- Easy access to Pacific Blvd, Delaware St, Hwy 101, and Hwy 92 for commuters.
Location Benefits:
- Desirable for tenants due to proximity to employment centers, shopping, and recreation.
- Nearby amenities:
- Grocery stores: Green Acres, Stop In Food Store, Mollie Stone’s.
- Coffee shops: Starbucks, Comebuy Drinks.
- Restaurants: Yumi Yogurt, Qube Bar and Grill, Paul’s At The Villa.
- Parks: Laurie Meadows Park, Casanova Park.
- Strong investment potential with approved upgrades and high demand rental area.