CA > San Mateo
San Mateo, CA 94403,1950 Ivy ST
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San Mateo, CA 94403,1950 Ivy ST
San Mateo, CA 94403,1950 Ivy ST
San Mateo, CA 94403,1950 Ivy ST
San Mateo, CA 94403,1950 Ivy ST
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Amin Kuchaki Rafsanjani

Amin Kuchaki Rafsanjani

+1(408) 857-2131
Listed by Regina Zabarte • Hello Hello Bay Area
$ 2,150,000
Est. payment /mo
Save
Price Dropped by $148K

1950 Ivy ST San Mateo, CA 94403

5 Beds

5 Baths

4,428 SqFt

UPDATED:

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

MLSListings Inc. (MLSListings)
© 2025 MLSListings Inc. All rights reserved.
Amin Kuchaki Rafsanjani

Amin Kuchaki Rafsanjani

FOUNDER | REALTOR | License ID: CA DRE # 01989647

+1(408) 857-2131

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1950 Ivy ST