Apartment building sales for San Mateo County owners
Since 2009 Philip Batlin of Marcus & Millichap has closed 75 apartment and mixed use sales in the county, totaling 752 units, across Redwood City, South San Francisco, San Mateo, San Bruno, Daly City, Burlingame, Belmont, Menlo Park, Millbrae, San Carlos and East Palo Alto.
He represents long term owners, families, trusts and partnerships selling 2 to 55 unit buildings, and works with 1031 exchange buyers looking for replacement apartment buildings on the Peninsula.
Current San Mateo County listings
Listings change quickly. See all available properties.
How we price a Peninsula apartment building
Buyers value apartment buildings on income. We start with your rent roll and operating expenses to find net operating income, then measure it against the four numbers buyers check: the cap rate, price per unit, price per square foot and gross rent multiplier (GRM) of similar San Mateo County buildings that have actually sold. Rent rules matter too: many Peninsula buildings fall under California's Tenant Protection Act (AB 1482), and some cities, such as East Palo Alto, have their own rent ordinances. Request a confidential valuation.
San Mateo County transaction history
Philip's San Mateo County closings: 79 in all, including 75 apartment and mixed use sales. Some buildings appear more than once because they traded more than once.
- 1401-1403 Cary Ave, San Mateo: 2 units, 2026, represented the seller
- 324 Pine Ave, South San Francisco: 7 units, 2025, represented the buyer
- 201 El Camino Real, Menlo Park: 10 units, 2025, represented the buyer
- 55 El Camino Real, Burlingame: 18 units, 2025, represented the buyer
- 1172 Clinton St, Redwood City: 4 units, 2025, represented the seller
- 933 Green Ave, San Bruno: 5 units, 2025, represented the seller
- 927 Green Ave, San Bruno: 8 units, 2025, represented the seller
- 297 San Bruno Ave E, San Bruno: retail, 2025, represented the seller
- 168 Santa Clara Ave, San Bruno: 8 units, 2024, represented the seller
- 507 Grand Ave, South San Francisco: 7 units, 2024, represented the buyer
- 3206 Countryside Dr, San Mateo: 2 units, 2023, represented the seller
- 1107 Truman St, Redwood City: 1 unit, 2023, represented the seller
- 418 Rogell Ct, San Mateo: 5 units, 2023, represented the seller
- 971 Sandra Ct, South San Francisco: 4 units, 2023, represented the seller
- 675 Sharon Park Dr, Menlo Park: 1 unit, 2022, represented the buyer
- 30 Kent Ct, Daly City: 19 units, 2022, represented the seller and buyer
- 626 Commercial Ave, South San Francisco: 5 units, 2022, represented the seller and buyer
- 786 Elm St, San Carlos: 18 units, 2021, represented the buyer
- 3 Coleman Pl, Menlo Park: 8 units, 2021, represented the seller
- Casa Marco Polo, 1775 Marco Polo Way, Burlingame: 40 units, 2021, represented the seller and buyer
- 537 Grand Avenue, South San Francisco: 7 units, 2020, represented the seller
- 672 Villa Street, Daly City: 4 units, 2019, represented the seller and buyer
- 674 Grand Avenue, South San Francisco: 7 units, 2019, represented the seller
- 1436 Regent St, Redwood City: 6 units, 2019, represented the seller and buyer
- 131 Cerrito Ave, Redwood City: 9 units, 2019, represented the seller
- 633 Buckeye St, Redwood City: 6 units, 2019, represented the buyer
- 621 Wessex Way, Belmont: 8 units, 2019, represented the seller and buyer
- 667 Linden St, Daly City: 4 units, 2018, represented the seller and buyer
- 1492 Ebener St, Redwood City: 9 units, 2018, represented the seller and buyer
- 1450 Southgate Ave, Daly City: 25 units, 2018, represented the buyer
- 948-956 Beech St, East Palo Alto: land, 2018, represented the seller
- Kojii Apartments, 301 East O'Keefe Street, East Palo Alto: 20 units, 2017, represented the seller
- 141 Arroyo Ct, San Mateo: 6 units, 2017, represented the seller and buyer
- 849 Bermuda Dr, San Mateo: 6 units, 2017, represented the seller
- 1312 El Camino Real, Burlingame: 6 units, 2017, represented the seller
- Studio Circle, 401 Studio Cir, San Mateo: 7 units, 2017, represented the seller
- 721 Rollins Rd, Burlingame: 5 units, 2017, represented the buyer
- 3752 and 3762-3770 Rolison Road, Redwood City: 55 units, 2016, represented the seller and buyer
- Dollar Tree, 6232 Mission Street, Daly City: net lease retail, 2016, represented the buyer
- 674 Grand Avenue, South San Francisco: 7 units, 2016, represented the seller and buyer
- 537 Grand Avenue, South San Francisco: 7 units, 2016, represented the seller and buyer
- 1059 and 1065 Grand Avenue, South San Francisco: 18 units, 2016, represented the seller and buyer
- 325-327 Rollins Road, Burlingame: 2 units, 2016, represented the buyer
- 1225 Laguna Avenue, Burlingame: 5 units, 2016, represented the seller
- 635 Laurel Street, Redwood City: 6 units, 2016, represented the seller and buyer
- 625 Laurel Street, Redwood City: 6 units, 2016, represented the seller and buyer
- 212 12th Avenue, San Mateo: 4 units, 2015, represented the seller
- Kojii Apartments, 301 East O'Keefe Street, East Palo Alto: 20 units, 2015, represented the seller and buyer
- 625 and 635 Laurel Street, Redwood City: 12 units, 2015, represented the seller and buyer
- 396 3rd Avenue, Redwood City: mixed use, 2015, represented the seller and buyer
- 224 Santa Dominga Avenue, San Bruno: 5 units, 2015, represented the seller
- 1535 Hess Road, Redwood City: 7 units, 2015, represented the seller and buyer
- Monte Diablo, 430 Monte Diablo, San Mateo: 6 units, 2015, represented the seller
- 430 Monte Diablo, San Mateo: 6 units, 2014, represented the buyer
- 1617 and 1621 Sixth Avenue, Belmont: 17 units, 2014, represented the seller and buyer
- 101 School Street, Daly City: 20 units, 2014, represented the seller and buyer
- 105 Chadbourne Avenue, Millbrae: 8 units, 2014, represented the seller and buyer
- 231 Lincoln Avenue, Redwood City: 6 units, 2014, represented the buyer
- 55 Ward Court, Daly City: 15 units, 2013, represented the seller and buyer
- 1734 South Grant Street, San Mateo: 5 units, 2013, represented the seller
- 805 4th Avenue, San Bruno: 9 units, 2013, represented the seller and buyer
- 207 Aspen Avenue, South San Francisco: 7 units, 2013, represented the seller
- 94 Renato Court, Redwood City: 14 units, 2013, represented the seller and buyer
- 755 Templeton Avenue, Daly City: 8 units, 2013, represented the seller and buyer
- 1410 Hess Road, Redwood City: 7 units, 2013, represented the seller and buyer
- The Arlington, 235 Arlington Road, Redwood City: 48 units, 2013, represented the buyer
- 954 Palm Avenue, San Mateo: 5 units, 2013, represented the seller and buyer
- 207 Aspen Avenue, South San Francisco: 7 units, 2013, represented the seller and buyer
- 1621 Sixth Avenue, Belmont: 9 units, 2013, represented the buyer
- 1617 Sixth Avenue, Belmont: 8 units, 2013, represented the buyer
- 1748 Broadway Street, Redwood City: retail, 2013, represented the seller
- 48 Birch Street, Redwood City: 10 units, 2013, represented the seller and buyer
- 1410 Hess Road, Redwood City: 7 units, 2012, represented the seller and buyer
- 260 San Marco Avenue, San Bruno: 7 units, 2012, represented the seller and buyer
- 304 A Street, South San Francisco: 6 units, 2012, represented the seller and buyer
- 1670 Union Avenue, Redwood City: 15 units, 2012, represented the seller
- Jefferson Apartments, 1331 Jefferson Ave, Redwood City: 30 units, 2011, represented the seller and buyer
- 458 Baden Avenue, South San Francisco: 7 units, 2011, represented the seller
- 78 Linden Avenue, San Bruno: 4 units, 2011, represented the seller
Source: Marcus & Millichap transaction records. Represented the seller and buyer means Philip handled both sides of the sale. See more sold properties.
Frequently asked questions
What is my San Mateo County apartment building worth?
It depends on your rent roll, expenses, condition and the cap rates buyers are paying for similar buildings nearby. Philip can prepare a confidential broker opinion of value with the comparable sales behind it, with no obligation to list.
Do you handle small buildings?
Yes. Many of our San Mateo County sales are 2 to 10 unit buildings, alongside larger properties such as the 40 unit Casa Marco Polo in Burlingame and the 55 units on Rolison Road in Redwood City.
Can I sell my building and buy another through a 1031 exchange?
Yes. Under the federal rules you have 45 days after closing to identify replacement property and 180 days to complete the purchase, so it pays to plan the sale and the replacement search together. Learn more on our 1031 exchange page, and talk to your tax advisor about your situation.
Can I sell confidentially?
Yes. Many owners prefer a quiet, off market sale to a short list of qualified buyers. Ask about our off market approach.
Talk to Philip
Call Philip Batlin at (415) 625-2189 or request a confidential valuation. Also see our work in San Francisco, Santa Clara County and the East Bay.
