The Gustavson Group of Compass Commercial is pleased to announce the exclusive listing of 422 E. 16^th Street.  Discover a prime investment opportunity in this well-maintained fourplex at 422 16th Avenue in San Mateo, California. This multifamily investment opportunity offers an ideal blend of location, convenience, and steady rental income. The property features a total of four units: one spacious 2-bedroom, 1-bath apartment with a private backyard and patio, alongside three 1-bedroom, 1-bath units. Each residence boasts dual-pane windows, ensuring energy efficiency and comfort for tenants.

Built in 1961, the building spans 3,964 square feet on a 4,800 square foot lot. Residents benefit from four dedicated carports with storage, as well as brand-new onsite laundry facilities. Situated within walking distance of Station Park's shops and restaurants, this property provides excellent connectivity to Highways 101 and 92, as well as the Hayward Park Caltrain Station. Parks and top-rated schools are also nearby.

With a current gross rental income of $111,600 per year and room for increased market rents, this property presents both immediate returns and long-term growth potential. Whether you're an investor seeking stable cash flow or portfolio expansion, this fourplex is a rare find in a highly desirable neighborhood.