1950 Ivy Street

San Mateo, CA 94403

$2,460,000
Price
Beds
4,428 Sq. Ft.
$556 / Sq. Ft.
4,428
Sq. Ft.
$556
per Sq. Ft.

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...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!
  1. Listed by Neel Bhatia • DRE #01464424 • Brokerage DRE #01908304 • Coldwell Banker Realty • 408-828-4024

Property Details for 1950 Ivy Street

MLS City Name
SAN MATEO
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 11/06/2024 03:56 PM

Property Details for 1950 Ivy Street

StatusActive
MLS #ML81984484
Days on Compass60
Taxes$27,793 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.13 AC / 5,700 SF
CountySan Mateo County

Building Information for 1950 Ivy Street

Stories-Residences-Year Built1958Building Size-Lot Size0.13 AC / 5,700 SF

Property Information for 1950 Ivy Street

Features
Features
  • Fireplace: No
  • Living SqFt: 4428
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Fiesta Gardens Etc.
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1950
  • Street Name: Ivy
  • Street Suffix: Street
  • Area ID: 420
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4428
  • Structure SqFt Source: Assessor
  • Age: 66
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 035233090
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94403
  • Elementary School District: 938
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .13
  • 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: 5
General Information
  • Annual Tax Amount: $27,793
  • Capitalization Rate: 4.29
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,565
  • Expense Landscape: $0
  • Expense Maintenance: $4,500
  • Expense Management: $0
  • Expense Trash: $3,840
  • Expenses Other: $5,554
  • Expenses Utility: $2,040
  • Expenses Total: $47,292
  • Operating Expenses Include: Fee - Property Tax
  • Gross Rent Multiplier: 15.78
  • Income Annual Gross: $152,774
  • Income Annual Rental: $154,812
  • Income Gross Scheduled: $155,892
  • Income Other: $1,080

Property History for 1950 Ivy 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 1950 Ivy Street

Taxable ValueLand$1,081,640Additions$961,456Total$2,043,096
Tax Record2024$33,079 ($2,757 / month)
Home Facts
Baths6Total Finished SqFt4,428 SqFtAbove Grade Finished SqFt4,428 SqFtStories2Lot Size5,666 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountySAN MATEOAPN035-233-090

Schools near 1950 Ivy 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
Sunnybrae Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

Aragon High School
Public9 to 12

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1950 Ivy Street is for sale in San Mateo, CA 94403. This property was listed for sale on October 22, 2024 by Coldwell Banker Realty, it's currently listed at $2,460,000. It has been on the market for a total of 60 days and was last sold on June 27, 2014. This listing's school districts are San Mateo Union High School District, San Mateo-Foster City School District. Nearby schools include Sunnybrae Elementary School, Borel Middle School and Aragon High School. 1950 Ivy Street is a 0-bed, 0-bath, 4,428 sqft built in 1958.

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 Coldwell Banker Realty, Neel Bhatia, DRE #01464424

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.