367 North Claremont Street

San Mateo, CA 94401

$1,830,000
Price
Beds
2,760 Sq. Ft.
$663 / Sq. Ft.
2,760
Sq. Ft.
$663
per Sq. Ft.

Description

BACK to MARKET no Fault by Seller! REDUCING PRICE by $120K to Reflect Market Interests Received for Property. APPROVED & ACTIVE INSURANCE quote from Fortega for Buyer to Adopt at $3,700 Annual. This PRIME QUADRAPLEX in Downtown San Mateo has an Excellent Unit Mix with (2) Spacious Two Bedroom/One Bathroom Units & (2) One Bedroom/One Bath Units. Units Benefit from Private Patios or Balconies, Great Floor Plans, with Many Upgrades. Buyer Legally Able to Occupy Unit(s) with 60 Day Notice to tenant(s)!...BACK to MARKET no Fault by Seller! REDUCING PRICE by $120K to Reflect Market Interests Received for Property. APPROVED & ACTIVE INSURANCE quote from Fortega for Buyer to Adopt at $3,700 Annual. This PRIME QUADRAPLEX in Downtown San Mateo has an Excellent Unit Mix with (2) Spacious Two Bedroom/One Bathroom Units & (2) One Bedroom/One Bath Units. Units Benefit from Private Patios or Balconies, Great Floor Plans, with Many Upgrades. Buyer Legally Able to Occupy Unit(s) with 60 Day Notice to tenant(s)! Nearly 2:1 Parking Ratio, Large 6,400 Lot allowing for ADU Addition. Property is Located Just Moments from Downtown! Motivated Seller! Seller is Open to Wait for Buyer's 1031 Exchange with Strong Terms. TOUR SCHEDULE: Wednesday, 5/22 from 1:30 to 3:30. Verify with Agent for Scheduling.
  1. Listed by Neel Bhatia • DRE #01464424 • Brokerage DRE #01908304 • Coldwell Banker Realty • 408-828-4024

Property Details for 367 North Claremont Street

MLS City Name
SAN MATEO
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
3

Location

Listing Courtesy of Coldwell Banker Realty, Neel Bhatia, DRE #01464424
Add your commute
LISTING UPDATED: 05/30/2024 04:07 PM

Property Details for 367 North Claremont Street

StatusActive
MLS #ML81955709
Days on Compass83
Taxes$22,171 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1962
Lot Size0.15 AC / 6,400 SF
CountySan Mateo County

Location

Listing Courtesy of Coldwell Banker Realty, Neel Bhatia, DRE #01464424
Add your commute

Building Information for 367 North Claremont Street

Stories2Residences4Year Built1962Building Size-Lot Size0.15 AC / 6,400 SF

Payment Calculator

$11,835 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,987

Property Taxes

$1,848

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 367 North Claremont Street

Features
Features
  • Fireplace: No
  • Living SqFt: 2760
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Other
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Eastern Addition/Downtown Area
  • Roof: Flat / Low Pitch
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 367
  • Street Name: Claremont
  • Street Direction Prefix: North
  • Street Suffix: Street
  • Area ID: 417
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2760
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R2
Location Information
  • Parcel Number: 032-203-040
  • 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 and Slab
  • Horse Property: No
  • Lot Acres: .15
  • 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: 4
General Information
  • Annual Tax Amount: $22,171
  • Building Unit Total: 4
  • Capitalization Rate: 3.24
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $1,915
  • Expense Landscape: $0
  • Expense Maintenance: $500
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $7,152
  • Expenses Utility: $11,000
  • Expenses Total: $42,738
  • Operating Expenses Include: Services - Trash Removal, Utilities - Gas, Utilities - Hot Water
  • Gross Rent Multiplier: 17.57
  • Income Annual Gross: $102,077
  • Income Annual Rental: $101,760
  • Income Gross Scheduled: $104,160
  • Income Other: $2,400

Property History for 367 North Claremont 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 367 North Claremont Street

Taxable ValueLand$331,997Additions$331,997Total$663,994
Tax Record2023$14,393 ($1,199 / month)
Home Facts
Baths4Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt2,760 SqFtStories2Lot Size6,400 SqFtStyleQuadraplexYear Built1962CountySAN MATEOAPN032-203-040

Schools near 367 North Claremont 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 - 9 to 12
Rating
School
Distance
Highlands Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

San Mateo High School
Public9 to 12

Peninsula High
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.

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367 North Claremont Street is a multi-family home for sale in San Mateo, CA 94401. This property was listed for sale on February 28, 2024 by Coldwell Banker Realty, it's currently listed at $1,830,000. It has been on the market for a total of 83 days and was last sold on October 10, 2023. This listing's school districts are San Mateo Union High School District, San Mateo-Foster City School District. Nearby schools include Highlands Elementary School, Borel Middle School and San Mateo High School. 367 North Claremont Street is a 0-bed, 0-bath, 2,760 sqft multi-family home built in 1962.

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. 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.