1950 Ivy ST new Save Request In-Person Tour Request Virtual Tour
San Mateo,CA 94403
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82021454
HOA Y/N No
Year Built 1958
Annual Tax Amount $18,200
Lot Size 5,667 Sqft
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 699 - Not Defined
Zoning Multi Family Residential
Interior
Heating Wall Furnace
Cooling Gas
Fireplace No
Exterior
Carport Spaces 6
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 035233090
Special Listing Condition Standard