1946 Ivy Street San Mateo, CA 94403

Pending

$2,998,000

Request Info

4,428 sq. ft.
0.13 Acres
Commercial Lease
MLS# 52354739

Listing provided courtesy of: Coldwell Banker Realty; Neel Bhatia; neel.bhatia@cbnorcal.com; 408-828-4024; CA DRE 01464424

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Property Details

Description

SELLER FINANCED SALE in Prime San Mateo Location! Incredible, Below Market Loan of $2,000,000 fixed at 4.25% Interest Only Until June of 2027 allows for an Investor to Acquire a Well Taken Care of Six Unit Property with only 33% Down! Property is Currently Generating $153,244 in Annual Income. Building is a total of 6 Units, with Many Significant Upgrades Ranging from Remodeled Kitchens, & Bathrooms, New Commercial Water Heater, Strong Tenant Profile . Interest Only Loan Allows for Excellent Write Off & Positive Day 1 Cash Flow!

General Features
- County Or Parish San Mateo
- Mlsarea Major Fiesta Gardens Etc
- Property Sub Type Other
Building Features
- Building Area Total 4428
- Attached Garage Y/N false
- Accessibility Features Other
- Cooling None
- Carport Y/N false
- Building Area Units Square Feet
- Year Built 1958
- Heating Y/N true
- Heating Wall Furnace
- Garage Y/N false
- Living Area 4,428
- Living Area Units Square Feet
- Property Type COMM RI MULTI-UNITS 5+
Property Features
- Lot Size Acres 0.13
- Parking Features Covered
- Water Source Public
- Lot Size Area 0.13
- Lot Size Square Feet 5700
- Lot Size Units Acres

Contact

Neighborhood

94403 (San Mateo) Demographics

38 Median Age

7,650 Population Density (per sq. mile)

66% College Educated

$139,631 Estimated Median Income

8,620 Estimated Total Home Owners

7,886 Estimated Total Renters

52% / 48% Estimated Owner / Renter Divide

3 Estimated Average Household Size

44,361 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$1,745,500 Median Sales Price

20 Homes Sold

57 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price
--	Current Price Source: Multiple Listing Service	New Value: $2,998,000
5/10/2023 5:08:10 PM	Status Changed Source: Multiple Listing Service	New Value: Pending
2/28/2023 4:49:00 PM	New in Database Source: Multiple Listing Service	New Value: $2,998,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 5/28/2023 10:47:26 PM PST .

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.