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 6 hours ago
  • MLSListings last updated this listing 3 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

Basic Info
Beds : 8
Baths : 7
Building Area : 4,730 Sqft
Quadruplex (4 units, any combination)
Partial Baths :
Rooms : 16
Lot Size : 8,024 Sqft
Year Built : 1964
Last Sale Price :
Last Sale Date :
House Features
1823 El Parque Ct in ZIP code 94403 is a multi family home that was last listed for $1,750,000. This is 35% above the current median of $1,298,000 for 94403 and 94% above the current median price of $900,000 for the city of San Mateo, CA. As of today, , there are 18 properties listed for sale in the 94403 area and 60 properties listed for sale in San Mateo. Of those 60 properties for sale, 23 are single family homes and 37 are condos. 1823 El Parque Ct is approximately 4,730 Sqft, 278% above the San Mateo median of 1,250 and 258% above the 94403 ZIP code median of 1,320. The price per Sqft was $370 which is 51% below the current median price in 94403 of $751 and 49% below the San Mateo median of $729 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 64 days. The median days on the market for properties in this area is 9 with a median list price of $900,000 and median cost per square foot of $729. Its current status is sold under the MLS #ML81614287.

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