1332 Palos Verdes Drive

San Mateo, CA 94403

$3,650,000
Last Sold Price
Beds
7,468 Sq. Ft.
$489 / Sq. Ft.
7,468
Sq. Ft.
$489
per Sq. Ft.

Description

This immaculately maintained & recently updated garden style apartment is ideally situated in the affluent Laurelwood Park. Ideally situation off Hwy 92 between Hwy 101& 280,the property offers upscale San Mateo neighborhood with easy access to major employment centers, restaurants, public transportation, distinguished schools & nearby parks. Ideal unit mix of (4) extra large 1 bdrm/1ba units, (1) 2-story spacious townhome style 3bdm/2ba units, and (1) 2-story spacious townhome style 2bdr/1.5 ba...This immaculately maintained & recently updated garden style apartment is ideally situated in the affluent Laurelwood Park. Ideally situation off Hwy 92 between Hwy 101& 280,the property offers upscale San Mateo neighborhood with easy access to major employment centers, restaurants, public transportation, distinguished schools & nearby parks. Ideal unit mix of (4) extra large 1 bdrm/1ba units, (1) 2-story spacious townhome style 3bdm/2ba units, and (1) 2-story spacious townhome style 2bdr/1.5 ba unit w/ 2 Dens & private yard. All units have wrap around balconies with view of rolling hills and large storage closet. All the units have updated kitchen featuring granite counters, tile flooring, maple cabinets, dishwasher, and newer appliance, freshly painted interior, remodeled bathroom, laminate flooring in living spaces, and dual paned windows.9parking spaces/Onsite Laundry. This is a unique opportunity to own rarely available, high quality investment with all capital improvements made.
  1. Listed by Steven Wang • DRE #01368485 • CA Golden Properties

Property Details for 1332 Palos Verdes Drive

City
SAN MATEO
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage Spaces
0
Garage/Parking
Parking Area, Assigned Spaces
View
Greenbelt, Hills
Total # Parking Spaces
9

Location

Listing Courtesy of CA Golden Properties, Steven Wang, DRE #01368485

Sold By Bay East AOR, NON MEMBER OUT OF AREA, DRE #01354442

Add your commute
LISTING UPDATED: 02/15/2022 10:43 PM

Property Details for 1332 Palos Verdes Drive

StatusSold
MLS #40970560
Days on Compass36
Taxes$43,544 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1971
Lot Size0.21 AC / 9,280 SF
CountySan Mateo County

Location

Listing Courtesy of CA Golden Properties, Steven Wang, DRE #01368485

Sold By Bay East AOR, NON MEMBER OUT OF AREA, DRE #01354442

Add your commute

Virtual Tour

Building Information for 1332 Palos Verdes Drive

Stories-Residences6Year Built1971Building Size-Lot Size0.21 AC / 9,280 SF

Payment Calculator

$23,548 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,920

Property Taxes

$3,629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1332 Palos Verdes Drive

Features
Feature Details
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Coin Operated, Community Facility, Dryer, In Laundry Room, Washer
Room Details
  • Rooms Total: 0
  • Additional Rooms: Basement - Unfinished
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: None
  • Heating: Baseboard
  • Water/Sewer: Sewer System - Public, Water - Private
Lot / Property Details
Home Owners Association
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Window Coverings, Carbon Mon Detector, Smoke Detector, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
  • Exterior: Stucco
  • Lot Description: Level
  • Lot Sq Ft Apx: 9280
  • Lot Size Square Feet: 9280.0
  • Roof: Bitumen
  • Sq Ft Apx: 7468
  • Stories: 0.0
  • Year Built: 1971
  • Zoning: R-3
Location Details
  • Directions to Property: W. Hillsdale>Glendora
  • FIPS Code: 06081
  • Census Tract: 6070.00
  • Parcel Number: 041-312-220
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Deck, Dishwasher, Disposal, Oven Range Free Standing, Refrigerator, Updated Baths, Updated Kitchen
  • Some Units Have: Deck, Dishwasher, Disposal, Oven Range Free Standing, Refrigerator, Updated Baths, Updated Kitchen
  • Units Total: 6
  • Basement: Unfinished
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Property Manager, Rental Agreement
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Trash Removal, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1Bd/1Ba
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 850
  • Unit # 1 Rent: 2050
Unit 2
  • Unit 2 # Units This Type?: 1Bd/1Ba
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: Yes
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Approx SqFt: 850
  • Unit # 2 Rent: 2395
Unit 3
  • Unit 3 # Units This Type?: 1 Bd/1Ba
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: Yes
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Approx SqFt: 850
  • Unit # 3 Rent: 2295
Unit 4
  • Unit 4 # Units This Type?: 3bd/2.5Ba
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Dining Room: Yes
  • Unit # 4 Air Cond: No
  • Unit # 4 Fireplace: Yes
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 3
  • Unit # 4 # of Bathrooms: 2.5
  • Unit # 4 Parking Spaces: 2
  • Unit # 4 Approx SqFt: 1700
  • Unit # 4 Rent: 3465
Unit 5
  • Unit 5 # Units This Type?: 2Bd/1.5Ba
  • Unit # 5 Occupied By: Vacant
  • Unit # 5 Dining Room: Yes
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: No
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1.5
  • Unit # 5 Parking Spaces: 2
  • Unit # 5 Approx SqFt: 1600
  • Unit # 5 Rent: 3195
Building Details
  • Additional Features-Misc: Balcony/Patio, Extra Storage
  • Apx Lot Acres: 0
  • On Site Parking Description: Covered Parking, Parking Area, Spaces - Assigned
  • Tot Ann Oper Exp: 59700.0
  • Total Deposits: 16135
Income / Expense Details
  • Annual Exp Year: 2020
  • Annual Gross Sched Income: $185,400
  • Annual Insurance Expense: $5,752
  • Annual License Expense: $0
  • Annual Maint Expense: $3,000
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $1,500
  • Annual Rent Income: $183,900
  • Annual Taxes: $43,544
  • Annual Util Expense: $5,904
  • Annual Vacancy: 0.0
  • Gross Income: $185,400
  • Gross Operating Actual Income: $185,400
  • Gross Rent Multiplier: 20.49
  • Net Operating Income: $120,183
  • Other Annual Expense: $1,500
Other Financial Information
  • Cap Rate: 3.16%
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1332 Palos Verdes Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1332 Palos Verdes Drive

Taxable ValueLand$2,550,000Additions$1,173,000Total$3,723,000
Tax Record2023$50,585 ($4,215 / month)
Home Facts
Baths8Total Finished SqFt7,468 SqFtAbove Grade Finished SqFt7,468 SqFtStories2Lot Size9,280 SqFtStyleMulti-Family Res (5+ Units)Year Built1971CountySAN MATEOAPN041-312-220Fireplace TypeHas Fireplace

Schools near 1332 Palos Verdes Drive

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 - K to 5
Rating
School
Distance
Highlands Elementary School
PublicK to 5

Abbott Middle School
Public6 to 8

Hillsdale High School
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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Listing Courtesy of CA Golden Properties, Steven Wang, DRE #01368485

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.