168-170 W 25th Ave — Sale in San Mateo, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Mateo, CA 94403

Photos

168-170 W 25th Ave — Sale in San Mateo, CA, photo 1 of 2
168-170 W 25th Ave — Sale in San Mateo, CA, photo 2 of 2

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Located at 168–170 W 25th Avenue in the heart of San Mateo, this well-maintained two-unit retail property offers approximately 2,415 square feet of ground-floor space, plus bonus mezzanine/upstairs areas in both units that provide added flexibility for office, storage, or creative use. The building will be delivered fully vacant, presenting a rare opportunity for an owner-user or investor to immediately occupy, lease, or reposition the asset. Previously occupied by a mix of service and food users, including a wellness spa and neighborhood pizzeria, the space is well-suited for a variety of retail or service-oriented businesses. Notably, ownership is open to separately selling the existing pizzeria business, PJ’s Pizza, offering a potential buyer the optional opportunity to acquire an established operation alongside the real estate. While the property can be acquired independently and repositioned as desired, this added flexibility may appeal to owner-users or investors seeking to capitalize on an existing customer base and in-place business infrastructure. The property features four on-site parking spaces in the rear, a recently replaced roof (approximately three years old), and functional layouts that accommodate diverse tenant needs. Ideally located just off El Camino Real, the property benefits from strong visibility and accessibility, as well as close proximity to the Hillsdale Caltrain Station, offering convenient connectivity throughout the Peninsula and to both San Francisco and Silicon Valley. Surrounded by dense residential neighborhoods with strong demographics and consistent foot traffic, this is a compelling opportunity to acquire a flexible, well-located retail asset in one of San Mateo’s most desirable and supply-constrained corridors. Investment Highlights: • Fully Vacant 2 Unit Retail Building • Excellent San Mateo Location • First Time on Market in 30 Years

Market Context

This multifamily in San Mateo, CA is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Mateo, CA — view the full market.

As of Q4 2025, the San Francisco Peninsula multifamily market showed a 4.6% vacancy rate, average asking rents near $3300.00/unit/mo, rents up 5.9% year over year, and cap rates around 4.5%. Source: Matthews Q4 2025 market report.

Its 6.0% asking cap rate is above the San Francisco Peninsula multifamily market average of about 4.5%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Francisco Peninsula?
About 4.5% as of Q4 2025, per Matthews.
Is the San Francisco Peninsula multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2025).

Contact

Explore this market

Similar Multifamily Property for Sale in San Mateo, CA