San Mateo, CA 94402,Address not disclosed
San Mateo, CA 94402,Address not disclosed
San Mateo, CA 94402,Address not disclosed
38
$1,510,000
$1,499,000
0.7%
Est.Price: ?

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1,959 SqFt

Address not disclosed San Mateo, CA 94402

Est. payment /mo
SOLD DATE : 12/02/2019

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Key Details

Sold Price $1,510,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,959 sqft

Price per Sqft $770

MLS Listing ID ML81774542

Sold Date 12/02/19

HOA Y/N No

Year Built 1958

Annual Tax Amount $19,087

Lot Size 5,083 Sqft

Acres 0.1167

Property Description

Excellent Location & Easy to Access: Serene, Quiet Neighborhood on Tree-Lined Street in Central San Mateo. Pride-of-Ownership Duplex - Both Units Are Spacious 2-Bedroom /1-Bath Units With Sizable Frontyard & Private Backyard Plus 2 Attached Garages. Ideal Opportunity For Owner-User or as Investment Opportunity With Excellent Value Appreciation & Cashflow. Rarely Available San Mateo Duplex Property in High-Demand Rental Area - Excellent Rental Upside & Ease of Management. Close Proximity to Downtown San Mateo and Caltrain Station - 6 Min by Bike & Easy Access to Downtown. Strong In-Place Rents ($2,500 and $2,800 MTM) Offering Excellent Current Cashflow and Future Rent Growth/Good Upside. Very Good Current (2.2%) & Pro-Forma Cap Rate (3.5%) and GRM (17.5). Each Unit Separately Metered. Each Tenant Pays Own PG & E, Water & Garbage. Landlord Pays Property Tax & Insurance Only. Easy Access to 101, 92, El Camino Real, and Other Major Freeway & Major Employers. PLEASE DO NOT DISTURB TENANTS.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R20000

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Uncovered

Garage Spaces 2.0

Garage Description 2.0

Roof Type Shingle

Accessibility Parking

Parking Type Uncovered

Total Parking Spaces 2

Building

Story 1

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 035013090

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Don Sung • Colliers Parrish International
Bought with Training Manager • MLSListings Training

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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