$ 2,460,000
1950 Ivy ST San Mateo, CA 94403
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$ 2,460,000
Est. payment | /mo
4,428 SqFt
$ 2,460,000
Est. payment | /mo
4,428 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,428 sqft
Price per Sqft $555
MLS Listing ID ML81984484
Year Built 1958
Lot Size 5,700 Sqft
Property Description
Solid 6 Unit Offering in PRIME San Mateo Location! Property Benefits from Newly Remodeled Unit Featuring New Kitchen & Bath, Newer Double Pane Windows, Newer Electrical Panels, Individual Carport Parking, Individual Gas & Electric Meters, Newer Sewer Line to Street, and On Site Laundry for Additional Income! IDENTICAL property next door, 1950 Ivy Street, just sold this year/2024 for Sale Price of $2,700,000. Seller is Motivated to Sell to Conduct 1031 Exchange. 1950 Ivy Street consists of (5) 1bed/1bth Units & (1) 2bed/1bth Unit with $154K+ in Current In Place Income with the Ability to Increase rents by up to 9% After Close of Escrow! Must See to Appreciate!
Location
State CA
County San Mateo
Area Fiesta Gardens Etc.
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Exterior
Garage Assigned Spaces
Utilities Available Public Utilities
Roof Type Tar and Gravel
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 035233090
Security Features None
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Neel Bhatia • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "