18
See all 18 photos
$2,150,000
Est. payment /mo
7 Beds
6 Baths
4,428 SqFt
Price Dropped by $148K
1950 Ivy ST San Mateo, CA 94403
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,428 sqft
Price per Sqft $485
MLS Listing ID ML82026122
Bedrooms 7
Full Baths 6
HOA Y/N No
Year Built 1958
Lot Size 5,667 Sqft
Property Description
JUST DROPPED: $2,150,000 1950 Ivy St, San Mateo Was $2.3M Now $150K Below Original! Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo NOW ONLY $2,150,000! Calling All Cash & Stock-Rich Investors! Tired of market volatility? Become a landlord overnight with this turnkey 6-unit cash cow in prime San Mateo just reduced $150K from $2.3M! Why 1950 Ivy Beats the Market (and Next Door): * $550K Built-In Equity Identical 1946 Ivy St sold for $2.7M last year * Unit 6 of 1950 is upgraded. Unit 5 was just vacated and ready for remodeling. * Month-to-Month Tenants Very Responsible Tenants, New Owner can push rents to $200K+ gross/year * Current Cash Flow: ~$150K gross, net $100K-$140K after expenses * Your 5-Year Wealth Plan (Buying at $2.15M) Passive Income: $500K+ net profit over 5 years Appreciation: +24%/yr $2.7M-$3M value by 2030! Equity Build: Tenants pay down your loan Tax Advantages: Depreciation + 1031upside. No stock risk. No hassle. Just collect checks. Steps from tech hubs, top schools, parks, and transit.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Apartment
Interior
Heating Wall Furnace
Flooring Carpet, Laminate
Fireplace No
Appliance Electric Oven, Disposal, Refrigerator
Exterior
Parking Features Carport
Carport Spaces 6
Fence Wood
Pool None
View Y/N No
Roof Type Composition
Accessibility Parking
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Other
Others
Tax ID 0352330908
Special Listing Condition Standard
Listed by Regina Zabarte Hello Hello Bay Area
GET MORE INFORMATION