1950 Ivy ST Active Save Request In-Person Tour Request Virtual Tour
San Mateo,CA 94403
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 $485
MLS Listing ID ML82026013
Style Ranch
Bedrooms 5
Full Baths 5
Year Built 1958
Lot Size 5,666 Sqft
Property Sub-Type Five or More Units
Property Description
JUST DROPPED: $2,150,000 1950 Ivy St, San Mateo Was $2.3M Now $150K Below Original! Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo NOW ONLY $2,150,000! Calling All Cash & Stock-Rich Investors! Tired of market volatility? Become a landlord overnight with this turnkey 6-unit cash cow in prime San Mateo, just reduced $150K from $2.3M! Why 1950 Ivy Beats the Market (and Next Door): * $550K Built-In Equity Identical 1946 Ivy St sold for $2.7M last year * Unit 6 of 1950 is upgraded. Unit 5 was just vacated and ready for remodeling. * Month-to-Month Tenants Very Responsible Tenants, New Owner can push rents to $200K+ gross/year * Current Cash Flow: ~$150K gross, net $100K-$140K after expenses * Your 5-Year Wealth Plan (Buying at $2.15M) Passive Income: $500K+ net profit over 5 years Appreciation: +24%/yr $2.7M-$3M value by 2030! Equity Build: Tenants pay down your loan! Tax Advantages: Depreciation + 1031upside. No stock risk. No hassle. Just collect checks. Steps from tech hubs, top schools, parks, and transit.
Location
State CA
County San Mateo
Area Fiesta Gardens Etc.
Zoning Apartment
Rooms
Kitchen Garbage Disposal
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Hardwood,Laminate,Tile
Laundry Coin Operated
Exterior
Exterior Feature Other
Parking Features Carport
Community Features Additional Storage
Utilities Available Public Utilities
View Other
Roof Type Shingle
Building
Lot Description Regular
Foundation Other
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 035-233-090
Miscellaneous Other
Security Features Other
Special Listing Condition Not Applicable