4 Warren Rd — Sale in San Mateo, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Mateo, CA 94401
Photos
Investment Figures
- Cap rate
- 2.00%
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 within walking distance to Downtown Burlingame (0.8mi), 4-6 Warren Rd is 1.3 miles from San Mateo Central Park and Downtown San Mateo, featuring a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. Investment Highlights: • Well-Situated San Mateo Investment Opportunity - Investors have the opportunity to acquire a stunning duplex, located in the thriving city of San Mateo, CA. • Prime San Mateo Location - The subject property is located within walking distance to Downtown Burlingame, and with within close proximity to Downtown San Mateo (1.3mi). • Owner/User Flexibility - Each unit is separately metered for utilities, providing flexibility to operate the property as either a traditional multifamily investment or an owner-user opportunity.
Market Context
This multifamily in San Mateo, CA is listed for sale. It is offered at an approximate 2.0% 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 2.0% asking cap rate is below the San Francisco Peninsula multifamily market average of about 4.5%, reflecting premium pricing relative to 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
- Justin Fink · (650) 391-1851 · justin.fink@marcusmillichap.com
- Cole Simpson · (650) 391-1735 · cole.simpson@marcusmillichap.com
- Rob Johnston · (650) 391-1744 · robert.johnston@marcusmillichap.com
- Adam Levin · (650) 391-1782 · adam.levin@marcusmillichap.com
Explore this market
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