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.
  • Neighborhood: Marina Lagoon
  • Days on Movoto: 64
  • Year Built: 1964
  • HOA:
  • $/Sqft: $370
  • Lot: 8,015 Sqft
  • Property Type: Multi Family
  • MLS#: ML81614287
  • MLS:
  • Listing Office: Marcus & Millichap
  • Listed By: Carlos Azucena
  • Movoto last checked MLSListings for new data 22 hours ago
  • MLSListings last updated this listing 4 months ago
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Property History

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

Public Record

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 25% above the current market median of $1,399,000 in 94403 and 34% above the market median of $1,308,888 in San Mateo. 1823 El Parque Ct is approximately 4,730 square feet, which is 207% above the median size in San Mateo of 1,540 square feet and 163% above the median size in 94403 of 1,800 Sqft. This property's price per square foot was $370, which is 54% below the current median in 94403 of $799 and 50% below the San Mateo median of $745. As of today, , there are 26 properties listed for sale in ZIP code 94403 and 55 properties listed for sale in the city of San Mateo. Of those 55 properties, there are 30 single family houses and 25 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 64 days. The median days on the market for properties in this area is 10 with a median list price of $1,308,888 and median cost per square foot of $745. Its current status is sold under the MLS #ML81614287.

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