24 Baytree Way

Beds
Baths
12,682 Sq. Ft.
$434 / Sq. Ft.
12,682
Sq. Ft.
$434
per Sq. Ft.

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,...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.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040

Property Details for 24 Baytree Way

MLS City Name
SAN MATEO
Building Type
Other
Complex Name
Baytree Way Apartments
Garage Spaces
0
Parking Spaces
5
LISTING UPDATED: 12/12/2025 09:31 AM

Property Details for 24 Baytree Way

StatusContingent
MLS #ML82026751
Days on Compass74
Taxes$84,118 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1950
Lot Size0.41 AC / 18,070 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152
Add your commute

Building Information for 24 Baytree Way

Stories-Residences-Year Built1950Building Size-Lot Size0.41 AC / 18,070 SF

Payment Calculator

$33,816 per month

30 year fixed, 6.15% Interest

Principal and Interest

$26,806

Property Taxes

$7,010

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 24 Baytree Way

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate
  • Laundry: Coin Operated
  • Living SqFt: 12682
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Central Forced Air - Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 10
Garage
  • Garage and Parking: Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Baywood/Parrott Park
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 24
  • Street Name: Baytree
  • Street Suffix: Way
  • Area ID: 438
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 12682
  • Structure SqFt Source: Assessor
  • Age: 75
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: R5
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 032-412-210
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94402
  • Elementary School: 665
  • Elementary School District: 938
  • Middle School Text: Borel Middle
  • High School District Text: San Mateo Union High
  • High School Text: San Mateo High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .41
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $84,118
  • Capitalization Rate: 3.46
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $10,000
  • Expense Landscape: $4,800
  • Expense Maintenance: $5,000
  • Expense Management: $0
  • Expense Trash: $7,080
  • Expenses Other: $3,300
  • Expenses Utility: $15,000
  • Expenses Total: $129,298
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities, Utilities - Water
  • Gross Rent Multiplier: 16.68
  • Income Annual Gross: $319,797
  • Income Annual Rental: $327,888
  • Income Gross Scheduled: $327,888
  • Income Other: $1,800
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,350
Unit 2 Information
  • Unit 2 Approx Square Footage: 1056
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,800
Unit 3 Information
  • Unit 3 Approx Square Footage: 1200
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,875
Unit Type 1
  • Unit Type1 Approx SqFt: 775

Property History for 24 Baytree Way

DateEvent & SourcePriceAppreciation
Dec 11, 2025

Pending

EBRD #ML82026751

Dec 11, 2025

Contingent - Show

MLSListings #ML82026751

Nov 5, 2025

Listed (Active)

EBRD #ML82026751

$5,500,000
Nov 5, 2025

Listed (Active)

MLSListings #ML82026751

$5,500,000
DateEvent & SourcePrice
12/11/2025

Pending

EBRD #ML82026751

12/11/2025

Contingent - Show

MLSListings #ML82026751

11/05/2025

Listed (Active)

EBRD #ML82026751

$5,500,000
11/05/2025

Listed (Active)

MLSListings #ML82026751

$5,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 24 Baytree Way

Taxable ValueLand$255,933Additions$1,023,829Total$1,279,762
Tax Record2024$37,474 ($3,123 / month)
Home Facts
Baths1Total Finished SqFt12,682 SqFtAbove Grade Finished SqFt12,682 SqFtStories2Lot Size18,070 SqFtStyleMulti-Family Res (5+ Units)Year Built1950CountySAN MATEOAPN032-412-210Fireplace TypeHas Fireplace

Schools near 24 Baytree Way

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
San Mateo Park Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

San Mateo High School
Public9 to 12

Beach Park Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.