1946 Ivy Street

San Mateo, CA 94403

$2,700,000
Last Sold Price
Beds
4,428 Sq. Ft.
$610 / Sq. Ft.
4,428
Sq. Ft.
$610
per Sq. Ft.

Description

Seller financed sale! Ride Out the Current High Interest Rate Environment for the next Four Years and Assume a 4.25% INTEREST ONLY note with only 28% Percent Down Needed! Loan of $2,000,000 Must be Assumed and is Due on October of 2027. Strong In Place income of over $160K! Many Remodeled Units! New Commercial Water Heater, Great Tenants, 100% Occupied. 1946 Ivy Street is Located in a Prime San Mateo/Mid Peninsula Location on a Quiet Tree Lined Street Just South of Downtown. Must See to Appreciate!...Seller financed sale! Ride Out the Current High Interest Rate Environment for the next Four Years and Assume a 4.25% INTEREST ONLY note with only 28% Percent Down Needed! Loan of $2,000,000 Must be Assumed and is Due on October of 2027. Strong In Place income of over $160K! Many Remodeled Units! New Commercial Water Heater, Great Tenants, 100% Occupied. 1946 Ivy Street is Located in a Prime San Mateo/Mid Peninsula Location on a Quiet Tree Lined Street Just South of Downtown. Must See to Appreciate! Seller Open to Wait for Buyer to Conduct 1031 Exchange.
  1. Listed by Neel Bhatia • DRE #01464424 • Brokerage DRE #01908304 • Coldwell Banker Realty • 408-828-4024

Property Details for 1946 Ivy Street

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

Location

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

Sold By Coldwell Banker Realty, Neel Bhatia, DRE #01464424

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LISTING UPDATED: 01/29/2024 11:10 AM

Property Details for 1946 Ivy Street

StatusSold
MLS #ML81947226
Days on Compass78
Taxes$31,612 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.13 AC / 5,700 SF
CountySan Mateo County

Location

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

Sold By Coldwell Banker Realty, Neel Bhatia, DRE #01464424

Add your commute

Building Information for 1946 Ivy Street

Stories-Residences-Year Built1958Building Size-Lot Size0.13 AC / 5,700 SF

Payment Calculator

$17,369 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$2,634

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1946 Ivy Street

Features
Features
  • Fireplace: No
  • Living SqFt: 4428
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Fiesta Gardens Etc.
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1946
  • Street Name: Ivy
  • Street Suffix: Street
  • Area ID: 420
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4428
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • Parcel Number: 035-233-080
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94403
  • Elementary School District: 938
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Perimeter
  • 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: 6
General Information
  • Annual Tax Amount: $31,612
  • Capitalization Rate: 4.05
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,565
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $3,840
  • Expenses Other: $4,894
  • Expenses Utility: $4,200
  • Expenses Total: $51,111
  • Operating Expenses Include: Fee - Property Tax, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 16.68
  • Income Annual Gross: $164,405
  • Income Annual Rental: $167,220
  • Income Gross Scheduled: $167,760
  • Income Other: $540

Property History for 1946 Ivy 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 1946 Ivy Street

Taxable ValueLand$780,861Additions$1,784,828Total$2,565,689
Tax Record2023$36,299 ($3,025 / month)
Home Facts
Baths6Total Finished SqFt4,428 SqFtAbove Grade Finished SqFt4,428 SqFtStories2Lot Size5,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountySAN MATEOAPN035-233-080

Schools near 1946 Ivy 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 - K to 5
Rating
School
Distance
Sunnybrae Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

Aragon 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 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.