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Listed by Regina Zabarte • Hello Hello Bay Area

$2,400,000

Est. payment - /mo

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5 Beds

5 Baths

4,428 SqFt

New

1950 Ivy ST San Mateo, CA 94403

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Brielle Bariteau

[email protected] +1(831) 643-5965

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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

Tax ID 035-233-090

Miscellaneous Other

Security Features Other

Special Listing Condition Not Applicable

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Brielle Bariteau

Owner CEO | REALTOR | Certified Property Manager | Certified Transaction Coordinator | License ID: 02049882

+1(831) 643-5965

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1950 Ivy ST San Mateo, CA 94403

Brielle Bariteau

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1950 Ivy ST