1823 El Parque Ct
San Mateo, CA 94403

8 Bd   — Ba   4,730 Sqft
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.
  • Property Type: Multi Family
  • MLS#: ML81614287
  • MLS:
  • Listing Office: Marcus & Millichap
  • Listed By: Carlos Azucena
  • Movoto last checked MLSListings for new data 1 day ago
  • MLSListings last updated this listing 7 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
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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

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

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

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1823 El Parque Court

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List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$1.75M

1823 El Parque Court

$1.1M

Marina Lagoon

-2% y/y

Marina Lagoon

$1.24M

94403

-1% y/y

94403

$1.1M

San Mateo

-8% y/y

San Mateo

See all trends for San Mateo
As of today, there are 19 properties listed for sale in ZIP code 94403 and 57 properties listed for sale in the city of San Mateo, CA. This property at 1823 El Parque Ct in 94403 was last listed for $1,750,000. This is 59% above the current $1,100,000 median price for San Mateo and 41% above the median of $1,238,882 for 94403. Of the 57 properties for sale in San Mateo, 23 are single family homes and 34 are condos. 1823 El Parque Ct is a multi family home that is approximately 4,730 Sqft, 246% above the San Mateo median of 1,369 and 245% above the 94403 ZIP code median of 1,370. The price per Sqft was $370 which is 56% below the current median price in 94403 of $834 and 52% below the San Mateo median of $773 per Sqft.
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 12 with a median list price of $1,100,000 and median cost per square foot of $773. Its current status is sold under the MLS #ML81614287.

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