100-106 N Bayshore Blvd, San Mateo, CA 94401

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$8,900,000

bedrooms

bathrooms

square feet

24,592

Acreage

Open Houses

year built

1960

Full Baths

Half Baths

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GROSS RENTS INCREASED (10-1-26) FROM $63,000/YEAR TO $68,000/YEAR --- PRICE REDUCTION OF $550,000!! -- The Knights Inn Apartments, located at 100-106 N. Bayshore Boulevard in San Mateo, presents a rare 38-unit multifamily investment opportunity in San Mateo. The property offers a unit mix of thirty-four (34) studios (~381 sqft) and four (4) 1-Bedroom/1-Bath units (~570 sqft). Constructed in 1960 and situated on a 24,944 sqft lot, with approximately 24,592 sqft of gross building area across two (2) buildings. SB-721 COMPLIANT, BALCONY REBUILD COMPLETED, eliminating a significant capital expenditure and providing investors with a clean compliance profile at close. The property further features a secured fenced-in pool, on-site coin-operated laundry, and 36 covered carports + 4 uncovered assigned spaces. Gas and electric utilities are master metered for each building, presenting a direct value-add opportunity through implementation of a Ratio Utility Billing System (RUBS). Current rents averaging approximately $1,675/month for studios and $2,195/month for 1-Bed/1-Bath units reflect meaningful upside to market rents of $2,100 and $2,395 respectively, as validated by the nearby Country Club Apts at 420 N. Bayshore Boulevard.

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MLS number: -

Listing agent: Nate Gustavson

Listing broker: Compass

Last update: Wednesday, October 14 2026 at 2:12 p.m. EDT

Compass Broker