1022 East 4th Avenue

San Mateo, CA 94401

$2,750,000
Price
Beds
4,146 Sq. Ft.
$663 / Sq. Ft.
4,146
Sq. Ft.
$663
per Sq. Ft.

Description

True pride of ownership asset in desirable San Mateo! The property features 7 impeccably maintained studios which all have undergone substantial upgrades. The kitchens feature stainless steel appliances including dishwashers, stone countertops and updated cabinetry. The common areas have recessed lighting and updated flooring throughout. The grounds have mature and drought tolerant landscaping, gated entry with resident call box, attractive paver driveway, and newer fences and railings. The roof...True pride of ownership asset in desirable San Mateo! The property features 7 impeccably maintained studios which all have undergone substantial upgrades. The kitchens feature stainless steel appliances including dishwashers, stone countertops and updated cabinetry. The common areas have recessed lighting and updated flooring throughout. The grounds have mature and drought tolerant landscaping, gated entry with resident call box, attractive paver driveway, and newer fences and railings. The roof and gutters were replaced in 2015 and the covered eaves have recessed lighting. All tenants have an assigned tuck-under parking space and access to the on-site laundry. The asset is proximate to Hwy 101 and major Silicon Valley employers, a multitude of downtown San Mateo retail and restaurant amenities, and Caltrain.
  1. Listed by Joel Hopman • DRE #01934574 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 415-722-2200

Property Details for 1022 East 4th Avenue

MLS City Name
SAN MATEO
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Newmark Cornish & Carey, Joel Hopman, DRE #01934574
Add your commute
LISTING UPDATED: 04/15/2024 09:40 AM

Property Details for 1022 East 4th Avenue

StatusActive
MLS #ML81961401
Days on Compass14
Taxes$37,469 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.13 AC / 5,650 SF
CountySan Mateo County

Location

Listing Courtesy of Newmark Cornish & Carey, Joel Hopman, DRE #01934574
Add your commute

Building Information for 1022 East 4th Avenue

Stories-Residences-Year Built1960Building Size-Lot Size0.13 AC / 5,650 SF

Payment Calculator

$18,130 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,008

Property Taxes

$3,122

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1022 East 4th Avenue

Features
Room Information
  • Kitchen: Cooktop - Electric
Features
  • Fireplace: No
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 4146
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 7
Garage
  • Garage and Parking: Covered Parking, Electric Gate
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: 19th Avenue Park / Sunnybrae
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1022
  • Street Name: 4th
  • Street Direction Prefix: East
  • Street Suffix: Avenue
  • Area ID: 418
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4146
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Zoning Detail: R40000
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 033-137-090
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94401
  • Elementary School District: 938
  • Middle School Text: Borel Middle
  • High School District Text: San Mateo Union High
  • High School Text: Aragon High
Lot Information
  • Foundation: Concrete 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: 7
General Information
  • Annual Tax Amount: $37,469
  • Capitalization Rate: 3.98
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,330
  • Expense Landscape: $1,680
  • Expense Maintenance: $1,632
  • Expense Management: $0
  • Expense Trash: $5,923
  • Expenses Other: $1,875
  • Expenses Utility: $4,133
  • Expenses Total: $58,042
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 15.92
  • Income Annual Gross: $167,520
  • Income Annual Rental: $171,930
  • Income Gross Scheduled: $172,701
  • Income Other: $771
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Rent: $1,958

Property History for 1022 East 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1022 East 4th Avenue

Taxable ValueLand$178,450Additions$416,404Total$594,854
Tax Record2023$13,164 ($1,097 / month)
Home Facts
Baths7Total Finished SqFt4,146 SqFtAbove Grade Finished SqFt4,146 SqFtStories2Lot Size5,650 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR40000CountySAN MATEOAPN033-137-090

Schools near 1022 East 4th Avenue

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
Sunnybrae Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

Aragon 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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1022 East 4th Avenue is a multi-family home for sale in San Mateo, CA 94401. This property was listed for sale on April 15, 2024 by Newmark Cornish & Carey, it's currently listed at $2,750,000. 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. 1022 East 4th Avenue is a 0-bed, 0-bath, 4,146 sqft multi-family home built in 1960.

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 Newmark Cornish & Carey, Joel Hopman, DRE #01934574

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.