212 12th Avenue

San Mateo, CA 94402

$1,930,000
Price
Beds
1,643 Sq. Ft.
$1,175 / Sq. Ft.
1,643
Sq. Ft.
$1,175
per Sq. Ft.

Description

212 12th Ave is a stunning fourplex strategically located in the heart of the thriving city of San Mateo, California. Situated on a parcel of land totaling 5,000 square feet, the subject property was originally constructed in 1957 and has a gross building area of approximately 1,643 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans with private garages. Select units also feature back patios. Additionally, all units have undergone extensive capital improvements...212 12th Ave is a stunning fourplex strategically located in the heart of the thriving city of San Mateo, California. Situated on a parcel of land totaling 5,000 square feet, the subject property was originally constructed in 1957 and has a gross building area of approximately 1,643 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans with private garages. Select units also feature back patios. Additionally, all units have undergone extensive capital improvements including remodeled kitchen cabinets, stainless steel appliances, marble countertops, dual pane windows, new flooring, bathroom tile flooring, recessed lighting, shower and tub, vanity, as well as new interior and exterior paint.
  1. Listed by Cole Simpson • DRE #02016525 • Brokerage DRE #01240999 • Marcus & Millichap • 650-888-7696
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 212 12th Avenue

MLS City Name
SAN MATEO
Building Type
FOURPLEX
Garage Spaces
4
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Cole Simpson, DRE #02016525; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute
LISTING UPDATED: 04/12/2024 04:35 PM

Property Details for 212 12th Avenue

StatusActive
MLS #ML81944824
Days on Compass198
Taxes$27,255 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1957
Lot Size0.11 AC / 5,000 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Cole Simpson, DRE #02016525; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute

Building Information for 212 12th Avenue

Stories1Residences4Year Built1957Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$12,804 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,533

Property Taxes

$2,271

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 212 12th Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 1643
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Hayward Park
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 212
  • Street Name: 12th
  • Street Suffix: Avenue
  • Area ID: 419
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 1643
  • Structure SqFt Source: Assessor
  • Age: 66
Development Information
  • Zoning Detail: R-4
Location Information
  • Parcel Number: 034-284-010
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94402
  • Elementary School District: 938
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Slab, Wood Frame
  • Horse Property: No
  • Lot Acres: .11
  • 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: $27,255
  • Building Unit Total: 4
  • Capitalization Rate: 3.47
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $932
  • Expense Landscape: $600
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $1,800
  • Expenses Other: $0
  • Expenses Utility: $2,040
  • Expenses Total: $34,627
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 18.44
  • Income Annual Gross: $101,536
  • Income Annual Rental: $104,676
  • Income Gross Scheduled: $104,676
  • Income Other: $0

Property History for 212 12th 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 212 12th Avenue

Taxable ValueLand$892,414Additions$780,861Total$1,673,275
Tax Record2023$24,623 ($2,052 / month)
Home Facts
Baths4Total Finished SqFt1,643 SqFtAbove Grade Finished SqFt1,643 SqFtStories1Lot Size5,000 SqFtStyleQuadraplexYear Built1957CountySAN MATEOAPN034-284-010

Schools near 212 12th 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 - 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.

Similar Homes

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Similar Sold Homes

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212 12th Avenue is a multi-family home for sale in San Mateo, CA 94402. This property was listed for sale on October 12, 2023 by Marcus & Millichap, it's currently listed at $1,930,000. It has been on the market for a total of 198 days and was last sold on August 1, 2016. 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. 212 12th Avenue is a 0-bed, 0-bath, 1,643 sqft multi-family home built in 1957.

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 Marcus & Millichap, Cole Simpson, DRE #02016525; Marcus & Millichap, Robert Johnston, DRE #01853816

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.