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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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Bought with Training Manager • MLSListings Training