18
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$2,049,000
Est. payment /mo
7 Beds
6 Baths
4,428 SqFt
Price Dropped by $101K
1950 Ivy ST San Mateo, CA 94403
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,428 sqft
Price per Sqft $462
MLS Listing ID ML82026122
Bedrooms 7
Full Baths 6
HOA Y/N No
Year Built 1958
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 699 - Not Defined
Zoning Apartment
Interior
Heating Wall Furnace
Flooring Carpet, Laminate
Fireplace No
Appliance Electric Oven, Disposal, Refrigerator
Exterior
Parking Features Carport
Carport Spaces 6
Fence Wood
Pool None
View Y/N No
Roof Type Composition
Accessibility Parking
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Other
Others
Tax ID 0352330908
Special Listing Condition Standard
Listed by Regina Zabarte Hello Hello Bay Area
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