1823 El Parque Ct
San Mateo, CA 94403

8 Bd   Ba   4,730 Sqft   63 Days
This four-unit multi-family asset, built in 1964, is located in the culturally vibrant and economically prosperous community of San Mateo, California. The property contains 4,730 square feet of living space and resides on an 8,024 square foot lot. The four units are as follows: (1) 3 bed 2 bath unit; (2) 2 bed 1.5 bath units; and (1) 1 bed 1 bath unit. The property will be 100% vacant as of November 1, 2016 allowing a new owner a multitude of options. One option would be to immediately lease units at market rents allowing for an estimated 5.39% cap rate, almost from day one - virtually unheard of for well-located Peninsula apartments. Another option would be to renovate the units to achieve even higher rents and a considerable ROI.
  • $0 HOA
  • $370/Sqft
  • MLS#ML81614287 provided by Carlos Azucena of Marcus & Millichap
  • Movoto last checked MLSListings for new data 3 hours ago
  • MLSListings last updated this listing 9 months ago

Home Features for 1823 El Parque Court, San Mateo

Year Built: 1964
Living Room SQFT: 4730
Age: 52
Lot Size Source: Other
Lot Size Area Minimum Units: Square Feet
Minimum Lot Size: 8023.75
Lot Acres: 0.184
Lot Size Area Maximum Units: Square Feet
Maximum Lot Size: 8023.75
Parcel Number: 040-402-250
Annual Tax Amount: 21933
Interior
Unit 4 Number of Bedrooms: 3
Unit 1 Number of Bedrooms: 1
Unit 2 Number of Bedrooms: 2
Unit 3 Number of Bedrooms: 2
Exterior
Foundation: Concrete Perimeter
Roof: Flat/Low Pitch
# of Buildings: 1
Building Unit Total: 4
Garage/Parking: Assigned Spaces
Carport_Min: 4
Parking Spaces: 1
Amenities / Utilities
Cooling System: Window/Wall Unit
Heating System: Gas
Water Sources: Water On Site
Utilities : Individual Electric Meters, Individual Gas Meters, Public Utilities
Expenses Utility: 1965
Expense Trash: 1290
Special Features: None
Horse Property: No
Location
High School District: San Mateo Union High, 939
Elementary School District: San Mateo-Foster City Elementary, 938
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Property History for 1823 El Parque Court, San Mateo

Status
Date
Price
Sold
Nov 28, 2016
$1,750,000
#ML81614287
Sold
Nov 16, 2016
$1,750,000
Pending
Oct 24, 2016
#ML81614287
Pending
(Do Not Show)
Oct 24, 2016
#ML81614287
Listed
Sep 13, 2016
$1,750,000
#ML81614287
Listed
Sep 13, 2016
$1,750,000
#ML81614287

Real Estate Market Statistics for 1823 El Parque Court, San Mateo

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1823 El Parque Court

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Marina Lagoon
San Mateo
94403
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$1.75M

1823 El Parque Court

$1.19M

Marina Lagoon

2% y/y

Marina Lagoon

$1.28M

94403

4% y/y

94403

$1.09M

San Mateo

0% y/y

San Mateo

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Refinance Rates for 1823 El Parque Court, San Mateo

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Public Record for 1823 El Parque Court, San Mateo

8 Beds
7 Baths
4,730 Sqft Building Area
Quadruplex (4 units, any combination)
16 Rooms
8,024 Sqft Lot Size
1964 Year Built
Garage Garage Type
4 Garage # of Cars
1823 El Parque Ct is a multi family home located in 94403 in San Mateo, CA. It was last listed for $1,750,000, which is 36% above the current market median of $1,285,000 in 94403 and 60% above the market median of $1,091,525 in San Mateo. 1823 El Parque Ct is approximately 4,730 Sqft, which is 256% above the median size in San Mateo of 1,330 square feet and 256% above the median size in 94403 of 1,330 Sqft. This property's price per Sqft was $370, which is 55% below the current median in 94403 of $825 and 55% below the San Mateo median of $818. As of today, , there are 27 properties listed for sale in ZIP code 94403 and 66 properties listed for sale in the city of San Mateo. Of those 66 properties, there are 33 single family houses and 33 condos.
Built in 1964, this 8-bedroom multi family house at 1823 El Parque Ct, San Mateo CA, 94403 is approximately 4,730 square feet and comes with 1 parking spot. It was last listed with a cost per Sqft of $370. 1823 El Parque Ct is located in the Marina Lagoon neighborhood in the San Mateo-Foster City. The closest school is Parkside Elementary School.

1823 El Parque Ct, San Mateo CA, 94403 was on the market for 63 days. The median days on the market for properties in this area is 11 with a median list price of $1,091,525 and median cost per square foot of $818. Its current status is sold under the MLS #ML81614287.

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