1950 Ivy ST new Save Request In-Person Tour Request Virtual Tour
San Mateo,CA 94403
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,428 sqft
Price per Sqft $542
MLS Listing ID ML82021454
Style Ranch
Bedrooms 5
Full Baths 5
Year Built 1958
Lot Size 5,666 Sqft
Property Sub-Type Five or More Units
Property Description
Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo, CA. Tired of renting? Become a landlord overnight with this simple, ready-to-rent 6-unit apartment building in family-friendly San Mateo! Cozy units in a quiet neighborhood near parks, schools, and tech jobs. Tenants love it, and you'll love the steady checks. No fancy skills needed; just buy, collect rent, and relax. Priced at just $2.4M your smart start to financial freedom! Benefits for You Over the Next 5 Years (Buying at ~$2.4M) Passive Income Stream: Expect around $200,000+ yearly gross rent (based on San Mateo's average $3K-$3,600/month per unit). After basic costs, pocket $100,000 to $140,000 net annually over $500,000 in 5 years to cover bills or vacations! Property Value Growth: Bay Area homes like this could appreciate 2%-4% yearly (conservative forecast amid tech boom and low inventory). Your $2.4M investment might hit $2.7M$3M by 2030, adding $300K - $600K in equity without lifting a finger. Build Wealth Simply: Pay down a mortgage with tenant money, gain tax breaks on depreciation, and enjoy a secure asset in a hot market. No stock market risks. Just reliable real estate in a growing area near Silicon Valley jobs and great schools for long-term stability.
Location
State CA
County San Mateo
Area Fiesta Gardens Etc.
Building/Complex Name Hillsdale
Zoning Multi Family Residential
Rooms
Kitchen Countertop - Granite
Interior
Heating Wall Furnace
Cooling Central Forced Air - Gas
Flooring Hardwood,Laminate,Tile
Laundry Coin Operated
Exterior
Exterior Feature Fenced
Parking Features Carport
Utilities Available Public Utilities
View City
Roof Type Composition
Building
Lot Description Other
Foundation Other
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable