CA > San Mateo
San Mateo, CA 94403,1950 Ivy ST
San Mateo, CA 94403,1950 Ivy ST
San Mateo, CA 94403,1950 Ivy ST
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Eric Chu

Eric Chu

+1(650) 922-7449
Listed by Regina Zabarte • Hello Hello Bay Area
$2,150,000
Est. payment /mo
7 Beds
6 Baths
4,428 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Other Residential

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

Year Built 1958

Lot Size 5,666 Sqft

Property Sub-Type Other Residential

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 Fiesta Gardens Etc.

Zoning Apartment

Rooms

Family Room No Family Room

Dining Room Eat in Kitchen

Kitchen Garbage Disposal, Oven - Electric, Refrigerator

Interior

Heating Wall Furnace

Cooling Other

Flooring Carpet, Laminate

Laundry Coin Operated, Community Facility

Exterior

Parking Features Carport

Fence Wood

Pool None

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Regular

Story 2

Foundation Other

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 035-233-090-8

Miscellaneous Other

Horse Property No

Special Listing Condition Not Applicable

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Eric Chu
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

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1950 Ivy ST