1950 Ivy Street, San Mateo, CA 94403

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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 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!


Interior Features

Bedroom Information
Bedrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 1950 Ivy Street
City San Mateo
State CA
Zip 94403
County San Mateo
Listing Agent Neel Bhatia DRE #01464424
Courtesy Of Coldwell Banker Realty
List Price $2,460,000
Status Active
Type Commercial
Structure Size N/A
Lot Size 5,700
Year Built 1958

Listing information courtesy of: Neel Bhatia, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 5:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.