Beds
Baths
25,937 Sq. Ft.
$365 / Sq. Ft.
25,937
Sq. Ft.
$365
per Sq. Ft.

Description

237 Elm in San Mateo represents an exclusive opportunity to purchase one of the Peninsula's premier properties that has rarely changed hands (currently the third owner in 61 years). Custom built in 1960 by a contractor whose family members lived in the building for over 37 years, 237 Elm is a trophy property that has been maintained and upgraded to the highest standards. The oversized units emanate pride of ownership and create a luxury atmosphere that is not easily replicated. Zero deferred maintenance....237 Elm in San Mateo represents an exclusive opportunity to purchase one of the Peninsula's premier properties that has rarely changed hands (currently the third owner in 61 years). Custom built in 1960 by a contractor whose family members lived in the building for over 37 years, 237 Elm is a trophy property that has been maintained and upgraded to the highest standards. The oversized units emanate pride of ownership and create a luxury atmosphere that is not easily replicated. Zero deferred maintenance. New roof in 2016. Excellent unit mix - Six 2BR/2BA, two 2BR/1.5BA, seven 1BR/1BA, one studio. Condo quality units. Perfectly situated between Downtown San Mateo and Downtown Burlingame, 237 Elm will continue to remain a highly desirable destination for high income, high credit tenants.

Listing Agents

  1. Michael Silva

    Michael Silva

    Alternative Listing Agent

    Compass

    DRE #01962674

    michael.silva@compass.com

    P: (650)-515-2388

  2. Listed by Brett Barron • DRE #00893787 • Brokerage DRE #00893787 • Capital Realty Group • 650.400-7089

Property Details for 237 Elm Street

MLS City Name
SAN MATEO
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 11/30/2021 03:34 PM

Property Details for 237 Elm Street

StatusSold
MLS #ML81866972
Days on Compass10
Taxes$113,590 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.38 AC / 16,740 SF
CountySan Mateo County

Location

Listing Courtesy of Capital Realty Group, Michael Silva, DRE #01962674; Capital Realty Group, Brett Barron, DRE #00893787

Sold By Capital Realty Group, Michael Silva, DRE #01962674; Capital Realty Group, Brett Barron, DRE #00893787

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Building Information for 237 Elm Street

Stories-Residences-Year Built1960Building Size-Lot Size0.38 AC / 16,740 SF

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$55,376 per month

30 year fixed, 6.11% Interest

Principal and Interest

$45,911

Property Taxes

$9,466

HOA Dues

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Property Information for 237 Elm Street

Features
Room Information
  • Kitchen: 220 Volt Outlet, Appliances - Vary by Unit, Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Ice Maker
Features
  • Fireplace: No
  • Laundry: Coin Operated, Washer/Dryer - Some Units
  • Living SqFt: 25937
  • Pool: Yes
  • Pool Type: Pool - In Ground
  • Security Features: Security Building
  • Special Features: Elevator / Lift
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Separate Electric, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 16
Garage
  • Garage and Parking: Assigned Spaces, Gate / Door Opener
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 16
  • Area Text: Eastern Addition/Downtown Area
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 237
  • Street Name: Elm
  • Street Suffix: Street
  • Area ID: 417
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 25937
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Ownership Type: Trust
  • Zoning Detail: R5
Location Information
  • City Limits: Yes
  • Directions: El Camino then east on Santa Inez then south on Elm
  • Incorporated: Yes
  • Parcel Number: 032-196-100
  • 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, Pillars / Posts / Piers
  • Lot Acres: .38
  • 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: 16
General Information
  • Annual Tax Amount: $113,590
  • Capitalization Rate: 3.09
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Coin Operated Equip, Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $8,289
  • Expense Landscape: $1,800
  • Expense Maintenance: $21,920
  • Expense Management: $0
  • Expense Trash: $6,084
  • Expenses Other: $6,978
  • Expenses Utility: $30,651
  • Expenses Total: $189,312
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Elevator, Maintenance - Pool/Spa, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Utilities - Electric, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 19.10
  • Income Annual Gross: $482,405
  • Income Annual Rental: $491,925
  • Income Gross Scheduled: $497,325
  • Income Other: $5,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,550
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Approx Square Footage: 1230
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,195
  • Unit 2 Type: Apartment
Unit 3 Information
  • Unit 3 Approx Square Footage: 1180
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,695
  • Unit 3 Type: Apartment
Unit 4 Information
  • Unit 4 Approx Square Footage: 1005
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,275
  • Unit 4 Type: Apartment
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 1370
Listing Info
Rental Info
  • Lease Type: Net

Property History for 237 Elm Street

DateEvent & SourcePriceAppreciation
Nov 30, 2021

Sold

EBRD #ML81866972

$9,460,000
Nov 30, 2021

Sold

MLSListings #ML81866972

$9,460,000
Nov 30, 2021

Sold

RESFAR #81866972

$9,460,000
Nov 28, 2021

Pending

MLSListings #ML81866972

Nov 24, 2021

Sold (Public Record)

Public Record #1478461370

$9,460,000

+6.8% / yr

Oct 26, 2021

Contingent - Show

MLSListings #ML81866972

Oct 25, 2021

Pending

MLSListings #ML81866972

Oct 25, 2021

Contingent - Show

MLSListings #ML81866972

Oct 25, 2021

Pending

RESFAR #81866972

Oct 25, 2021

Pending

EBRD #ML81866972

Oct 15, 2021

Listed (Active)

RESFAR #81866972

$9,500,000
Oct 15, 2021

Listed (Active)

EBRD #ML81866972

$9,500,000
Oct 15, 2021

Listed (Active)

MLSListings #ML81866972

$9,500,000
Aug 10, 2004

Sold (Public Record)

Public Record #141049749

$3,050,000

+127.0% / yr

Sep 14, 2001

Sold (Public Record)

Public Record #77701157

$281,818
DateEvent & SourcePrice
11/30/2021

Sold

EBRD #ML81866972

$9,460,000
11/30/2021

Sold

MLSListings #ML81866972

$9,460,000
11/30/2021

Sold

RESFAR #81866972

$9,460,000
11/28/2021

Pending

MLSListings #ML81866972

11/24/2021

Sold (Public Record)

Public Record #1478461370

$9,460,000

+6.8% / yr

10/26/2021

Contingent - Show

MLSListings #ML81866972

10/25/2021

Pending

MLSListings #ML81866972

10/25/2021

Contingent - Show

MLSListings #ML81866972

10/25/2021

Pending

RESFAR #81866972

10/25/2021

Pending

EBRD #ML81866972

10/15/2021

Listed (Active)

RESFAR #81866972

$9,500,000
10/15/2021

Listed (Active)

EBRD #ML81866972

$9,500,000
10/15/2021

Listed (Active)

MLSListings #ML81866972

$9,500,000
08/10/2004

Sold (Public Record)

Public Record #141049749

$3,050,000

+127.0% / yr

09/14/2001

Sold (Public Record)

Public Record #77701157

$281,818

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

Public Records for 237 Elm Street

Taxable ValueLand$4,881,556Additions$5,157,470Total$10,039,026
Tax Record2024$134,881 ($11,240 / month)
Home Facts
Baths5Total Finished SqFt25,937 SqFtAbove Grade Finished SqFt25,937 SqFtStories3Lot Size16,740 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountySAN MATEOAPN032-196-100

Schools near 237 Elm 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
San Mateo Park Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

San Mateo High School
Public9 to 12

Beach Park Elementary
PublicK to 5

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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Capital Realty Group, Michael Silva, DRE #01962674; Capital Realty Group, Brett Barron, DRE #00893787

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.