517 North San Mateo Drive

San Mateo, CA 94401

$4,274,000
Last Sold Price
Beds
8,510 Sq. Ft.
$502 / Sq. Ft.
8,510
Sq. Ft.
$502
per Sq. Ft.

Description

A fantastic location at the north end of San Mateo but walking distance to Burlingame Avenue. Pride of ownership building with a great unit mix and square footage which is generous for all units. Unit mix includes (3) three bedroom, two baths; (3) two bedroom,1 baths, with dens; (2) one bedroom,1 bath units. All units have either a balcony or garden, dual pane windows and a storage locker. Property has 6 carports and 2 enclosed garages. The first level units are walk up but the other units are serviced...A fantastic location at the north end of San Mateo but walking distance to Burlingame Avenue. Pride of ownership building with a great unit mix and square footage which is generous for all units. Unit mix includes (3) three bedroom, two baths; (3) two bedroom,1 baths, with dens; (2) one bedroom,1 bath units. All units have either a balcony or garden, dual pane windows and a storage locker. Property has 6 carports and 2 enclosed garages. The first level units are walk up but the other units are serviced by a security lobby with intercom. Minutes to shops and restaurants on Burlingame Ave. and downtown San Mateo. Centrally located near freeways, Caltrain, SFO; quick commute to either San Francisco or Silicon Valley!

Listing Agent

  1. Tom Fanucchi

    Tom Fanucchi

    Listing Agent

    Compass

    DRE #00657467

Property Details for 517 North San Mateo Drive

MLS City Name
SAN MATEO
Building Type
Other
Style
Modern / High Tech
Garage Spaces
2
Parking Spaces
0
View
None
Cross Street
E. Bellevue

Location

Listing Courtesy of Compass, Tom Fanucchi, DRE #00657467

Sold By Marcus & Millichap, Cole Simpson, DRE #02016525

Add your commute
LISTING UPDATED: 09/20/2022 11:06 AM

Property Details for 517 North San Mateo Drive

StatusSold
MLS #ML81890716
Days on Compass84
Taxes$56,052 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.19 AC / 8,250 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Tom Fanucchi, DRE #00657467

Sold By Marcus & Millichap, Cole Simpson, DRE #02016525

Add your commute

Building Information for 517 North San Mateo Drive

Stories-Residences-Year Built1960Building Size-Lot Size0.19 AC / 8,250 SF

Payment Calculator

$27,996 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,325

Property Taxes

$4,671

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 517 North San Mateo Drive

Features
External Links
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
Features
  • Amenities: None
  • Communications: Intercom
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 8510
  • Pool: No
  • Security Features: Fire Escape, Security Building
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas, Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport, Detached Garage
Property Details
Homeowners Association
  • HOA Amenities: Additional Storage, Community Security Gate, Trash Chute
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Eastern Addition/Downtown Area
  • Restrictions: Pets - Not Allowed
  • Roof: Bitumen, Flat / Low Pitch
  • Stories: 0.0
  • Subclass: Five or More Units
  • TIC Agreement: No
  • Year Built Source: Assessor
  • Street Number: 517
  • Street Name: San Mateo
  • Street Direction Prefix: North
  • Street Suffix: Drive
  • Area ID: 417
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 8510
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: Multi Family
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 032-153-120
  • 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 Slab
  • Lot Acres: .19
  • Lot Description: Grade - Mostly Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
General Information
  • Annual Tax Amount: $56,052
  • Capitalization Rate: 3.53
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,850
  • Expense Landscape: $0
  • Expense Maintenance: $6,800
  • Expense Management: $0
  • Expense Trash: $3,000
  • Expenses Other: $10,000
  • Expenses Utility: $8,900
  • Expenses Total: $88,602
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 17.78
  • Income Annual Gross: $250,842
  • Income Annual Rental: $255,600
  • Income Gross Scheduled: $258,600
  • Income Other: $3,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,200
Unit 2 Information
  • Unit 2 Approx Square Footage: 981
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,300
Unit 3 Information
  • Unit 3 Approx Square Footage: 728
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,000
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 1206
  • Unit Type1 Units Total: 3
Unit Type 2
  • Unit Type2 Units Total: 3
Unit Type 3
  • Unit Type3 Units Total: 2
Listing Info
Rental Info
  • Lease Type: Net

Property History for 517 North San Mateo 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 517 North San Mateo Drive

Taxable ValueLand$2,100,000Additions$2,174,000Total$4,274,000
Tax Record2023$58,989 ($4,916 / month)
Home Facts
Baths1Total Finished SqFt8,510 SqFtAbove Grade Finished SqFt8,510 SqFtStories3Lot Size8,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountySAN MATEOAPN032-153-120

Schools near 517 North San Mateo 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 - 9 to 12
Rating
School
Distance
San Mateo Park Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

San Mateo 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.

Similar Homes

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Similar Sold Homes

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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 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 Compass, Tom Fanucchi, DRE #00657467

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.