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126 N Ellsworth Ave, San Mateo, CA 94401

List Price: $2,998,000On Market FlagOn market
Apr 21, 20253,663 sqft6 beds0 baths
Listed by: Scott Philip
License #: 01353710
Phone #: 650-771-8821
Bay Area Estates
Source:
CRMLS Logo
MLS #: ML82003413

Property Description

This five-unit apartment building sits on a prime 8,809 sq ft corner lot in one of San Mateo's most sought-after locations. 126 N Ellsworth offers significant value-add potential for investors. 126 N Ellsworth is zoned R4, which supports a variety of potential uses, including high-density multifamily development. Rarely does a large corner lot become available in an A+ location like this. Boasting an impressive 94 Walk Score- this coveted address is just moments from vibrant Downtown San Mateo, charming shops, acclaimed restaurants, craft coffee spots, and in the heart of the Peninsulas leading AI, high-tech, and biotech companies. Just one block from Caltrain, it offers exceptional commuter convenience and strong rental demand. A premier opportunity for developers to create a high-end buildout in a location that exemplifies both lifestyle and accessibility.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,228

TurboHome Estimated Value

$2,006,600

$548 sqft

High Valuation
$2,106,930
$575/sqft
Normal Valuation
$2,006,600
$548/sqft
Low Valuation
$1,906,270
$520/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$548/sqft$2,006,600

Neighborhood: North Central

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Comparative Value

$1.68M

$1.90M

$2.65M

$2.80M

$3.00M

422 E 16th Ave, San Mateo, CA 94402

Sale Price: $1,675,000

Selected Comparable

1219 Maple St, San Mateo, CA 94402

Sale Price: $1,900,000

Selected Comparable

124 El Camino Real, Burlingame, CA 94010

Sale Price: $1,930,000

Selected Comparable

212 Myrtle Rd, Burlingame, CA 94010

Sale Price: $2,650,000

Selected Comparable

1307 Maple St, San Mateo, CA 94402

Sale Price: $2,800,000

Selected Comparable

126 N Ellsworth Ave, San Mateo, CA 94401

List Price: $2,998,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
126 N Ellsworth Ave, San Mateo, CA 94401

126 N Ellsworth Ave, San Mateo, CA 94401

List: $2,998,000

Listed: 4/21/2025

Area:3,663 sqft
Price/sqft:$818
Beds:6
Baths:
Year Built:
Lot Size:8,809

Comparable Properties

COMPARABLE
Choose comps
1219 Maple St, San Mateo, CA 94402

1219 Maple St, San Mateo, CA 94402

Sale: $1,900,000

7/22/20251.17 mi

Area:3,286 sqft
Price/sqft:$578
Beds:6
Baths:
Year Built:
Weight:23.4%
124 El Camino Real, Burlingame, CA 94010

124 El Camino Real, Burlingame, CA 94010

Sale: $1,930,000

7/28/20251.13 mi

Area:4,159 sqft
Price/sqft:$464
Beds:6
Baths:
Year Built:
Weight:22.9%
1307 Maple St, San Mateo, CA 94402

1307 Maple St, San Mateo, CA 94402

Sale: $2,800,000

8/27/20241.22 mi

Area:4,549 sqft
Price/sqft:$616
Beds:6
Baths:
Year Built:
Weight:18.0%
422 E 16th Ave, San Mateo, CA 94402

422 E 16th Ave, San Mateo, CA 94402

Sale: $1,675,000

4/18/20251.32 mi

Area:3,964 sqft
Price/sqft:$423
Beds:5
Baths:
Year Built:
Weight:17.9%
212 Myrtle Rd, Burlingame, CA 94010

212 Myrtle Rd, Burlingame, CA 94010

Sale: $2,650,000

9/17/20241.10 mi

Area:4,608 sqft
Price/sqft:$575
Beds:6
Baths:
Year Built:
Weight:17.8%

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