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3 E 41st Place

San Mateo, CA 94403
  • $1,375,000
  • STATUS: Active Under Contract
  • ON SITE: 58 Days
  • ID#: ML81960497
Under Contract
UPDATED: 120 min ago
$1,375,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,288
    SQFT
  • $601
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

School District:
Listing Agent(s): Christopher Eckert of KW Advisors ((650) 627-3700)


Description

Attention investors! Here's an exceptional opportunity awaiting your savvy eye: 4-plex unit showcasing a solid history of occupancy, with two units already updated. A potential communal backyard or private outdoor space exclusively for the lower units, elevating the property's desirability and market value to unprecedented heights. Conveniently situated between the esteemed Bay Meadows and Laurie Meadows neighborhoods, this location is an absolute magnet for discerning tenants. With renowned employers in Bay Meadows, verdant parks, and recreational spaces nearby, plus the upscale Hillsdale Shopping Center just a stone's throw away offering an abundance of retail, culinary, and entertainment options, the allure for potential renters is undeniable. Navigating the area is a breeze, as Pacific Boulevard seamlessly transitions into Delaware Street, providing effortless access to all essential destinations without the hassle of traversing El Camino. Furthermore, swift access to major thoroughfares such as Hwy 101 and 92 via this conveniently positioned back road ensures seamless connectivity for both tenants and commuters alike. While the upper deck requires some refurbishment, rest assured, plans for its renovation have already been greenlit/approved by the city.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T11:27:26.653. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/149550451
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3 E 41st Place San Mateo, CA 94403

  • Price: $1,375,000
  • Status: Active Under Contract
  • On Site: 58 Days
  • Updated: 120 min ago
  • ID#: ML81960497
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,288
SQFT
$601
$/SQFT
1957
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
School District:
Other
Property Description
Attention investors! Here's an exceptional opportunity awaiting your savvy eye: 4-plex unit showcasing a solid history of occupancy, with two units already updated. A potential communal backyard or private outdoor space exclusively for the lower units, elevating the property's desirability and market value to unprecedented heights. Conveniently situated between the esteemed Bay Meadows and Laurie Meadows neighborhoods, this location is an absolute magnet for discerning tenants. With renowned employers in Bay Meadows, verdant parks, and recreational spaces nearby, plus the upscale Hillsdale Shopping Center just a stone's throw away offering an abundance of retail, culinary, and entertainment options, the allure for potential renters is undeniable. Navigating the area is a breeze, as Pacific Boulevard seamlessly transitions into Delaware Street, providing effortless access to all essential destinations without the hassle of traversing El Camino. Furthermore, swift access to major thoroughfares such as Hwy 101 and 92 via this conveniently positioned back road ensures seamless connectivity for both tenants and commuters alike. While the upper deck requires some refurbishment, rest assured, plans for its renovation have already been greenlit/approved by the city.
Exterior Features

Carport Spaces 4 Carport YN Yes Parking Features Carport Parking Total 0 Roof Tar/Gravel View YN No

Interior Features

Accessibility Features None Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.88 Garage YN Yes Gross Scheduled Income 81600 Insurance Expense 1700 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Other Expense 0 Possession Close Of Escrow Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 5628 Trash Expense 1712 Water Source Public Zoning R4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T11:27:26.653. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Christopher Eckert of KW Advisors ((650) 627-3700)