148 North Fremont Street

San Mateo, CA 94401

$1,748,000
Price
Beds
3,403 Sq. Ft.
$514 / Sq. Ft.
3,403
Sq. Ft.
$514
per Sq. Ft.

Description

148-150 N Fremont St is an exceptional duplex investment opportunity located in the thriving city of San Mateo, California. Situated on a 6,002 square foot parcel of land, the subject property was originally constructed in 1979 and has a gross building area of approximately 3,403 square feet, offering tenants beautifully designed two-bedroom floor plans. The subject property has undergone major capital improvements including modern renovations in one of the two units. San Mateo is strategically located...148-150 N Fremont St is an exceptional duplex investment opportunity located in the thriving city of San Mateo, California. Situated on a 6,002 square foot parcel of land, the subject property was originally constructed in 1979 and has a gross building area of approximately 3,403 square feet, offering tenants beautifully designed two-bedroom floor plans. The subject property has undergone major capital improvements including modern renovations in one of the two units. San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the numerous street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 148 North Fremont Street

MLS City Name
SAN MATEO
Building Type
DUPLEX
Garage Spaces
2
Parking Spaces
0
LISTING UPDATED: 10/15/2024 11:17 AM

Property Details for 148 North Fremont Street

StatusActive
MLS #ML81983767
Days on Compass38
Taxes$22,001 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1979
Lot Size0.14 AC / 6,002 SF
CountySan Mateo County

Building Information for 148 North Fremont Street

Stories2Residences2Year Built1979Building Size-Lot Size0.14 AC / 6,002 SF

Property Information for 148 North Fremont Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3403
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Bowie Estate Etc.
  • Roof: Shingle
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 148
  • Street Name: Fremont
  • Street Direction Prefix: North
  • Street Suffix: Street
  • Area ID: 416
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3403
  • Structure SqFt Source: Assessor
  • Age: 45
Development Information
  • Zoning Detail: R20000
Location Information
  • Parcel Number: 033-142-220
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94401
  • Elementary School District: 938
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $22,001
  • Building Unit Total: 2
  • Capitalization Rate: 1.34
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,254
  • Expense Landscape: $4,800
  • Expense Maintenance: $1,000
  • Expense Management: $0
  • Expense Trash: $800
  • Expenses Other: $0
  • Expenses Utility: $1,900
  • Expenses Total: $34,755
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 29.13
  • Income Annual Gross: $58,200
  • Income Annual Rental: $60,000
  • Income Gross Scheduled: $60,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2

Property History for 148 North Fremont Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 148 North Fremont Street

Taxable ValueLand$86,578Additions$241,946Total$328,524
Tax Record2024$6,943 ($579 / month)
Home Facts
Baths4Total Finished SqFt3,403 SqFtAbove Grade Finished SqFt3,403 SqFtStories2Lot Size6,004 SqFtStyleDuplexYear Built1979ZoningR20000CountySAN MATEOAPN033-142-220Fireplace TypeHas Fireplace

Schools near 148 North Fremont Street

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
Laurel Elementary School
PublicK to 5

Abbott Middle School
Public6 to 8

San Mateo High School
Public9 to 12

College Park Elementary School
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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148 North Fremont Street is a multi-family home for sale in San Mateo, CA 94401. This property was listed for sale on October 15, 2024 by Marcus & Millichap, it's currently listed at $1,748,000. This listing's school districts are San Mateo Union High School District, San Mateo-Foster City School District. Nearby schools include Laurel Elementary School, Abbott Middle School and San Mateo High School. 148 North Fremont Street is a 0-bed, 0-bath, 3,403 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

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.