$5,500,000

24 Baytree Way, San Mateo, CA 94402

12,682 sqft

Commercial Property
Built in 1950
0.41acre lot
—— car garage
$434/sqft
Listed 4 days ago

Property Description

Marcus & Millichap is pleased to present 24 Baytree Way, a ten-unit multifamily community located in the highly sought-after El Cerrito Manor neighborhood of San Mateo. Built in 1950, the property sits adjacent to Hillsborough Heights, where the average home value exceeds $4,000,000. This rare investment opportunity allows an investor to curate a boutique residential community surrounded by well-established single-family homes. The unit mix features a combination of one- and two-bedroom floor plans, each notably larger than typical apartment homes constructed during the 1950's. The property also offers two vacant, rent-ready units, providing immediate access for tours and a seamless transition for new ownership.

Listing Status:: Active
Date Added:: November 5, 2025 at 06:00AM
Listing Office:: Marcus & Millichap : (650) 391-1700
Listing Agent:: Jimmy Castellanos : 408-483-5040
MLS ID:: ML82026751

A/C: Wall/Window Unit(s)

Parking: Parking spaces: 5

Roofing: CompositionShingle

HOA Amenities: 0.0
Originating MLS: CRMLS_MLSL
School District: Other
County: San Mateo

Zoning: R5032412210

Water: Public

Source: CRMLS_MLSL

This listing courtesy of Jimmy Castellanos, Marcus & Millichap

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

College Park Elementary School

715A Indian Ave, San Mateo, CA, 94401

Grades KG-5

0.70 miles away

North Shoreview Montessori

1301 Cypress Ave, San Mateo, CA, 94401

Grades KG-8

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.