Bought with Neel Bhatia • Coldwell Banker Realty
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1950 Ivy ST San Mateo, CA 94403
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Key Details
Sold Price $2,060,000
Property Type Single Family Home
Sub Type Other Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 4,428 sqft
Price per Sqft $465
MLS Listing ID ML82026122
Bedrooms 7
Full Baths 6
Year Built 1958
Lot Size 5,666 Sqft
Property Sub-Type Other Residential
Property Description
HOLIDAY SPECIAL PRICE REDUCTION! NOW ONLY $2,049,000! Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo 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! Why 1950 Ivy Beats the Market (and Next Door): * $650K 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. * Your 5-Year Wealth Plan (Buying at $2.049M) 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
Others
Special Listing Condition Not Applicable
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