1823 El Parque Ct
San Mateo, CA 94403

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: 39
  • Year Built: 1964
  • HOA:
  • $/Sqft: $370
  • Lot: 8,023 Sqft
  • Property Type: Single Family
  • MLS#: ML81614287
  • MLS:
  • Listing Office: Marcus & Millichap
  • Listing Broker: Carlos Azucena
  • Movoto last checked CRMLS for new data 56 minutes ago
  • CRMLS last updated this listing 21 hours ago

Home Features for 1823 El Parque Ct , San Mateo

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Public Record for 1823 El Parque Court, San Mateo

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

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

San Mateo, California

Total Inventory For Sale

150 Homes

0% m/m +30% y/y

Median List Price


0% m/m -4% y/y

Median Days On Market

18 Days

+5% m/m -10% y/y

Median House Size

1,348 Sqft

+1% m/m -10% y/y

Median Price Per Square Foot

$726 /Sqft

0% m/m +5% y/y

Median Price

As of , there are 41 properties listed for sale in ZIP code 94403 and 150 properties listed for sale in the city of San Mateo, CA. Those 150 properties include 65 single family homes and 85 condos. This property at 1823 El Parque Ct in 94403 is currently listed for $1,750,000. This is 84% above the median price of $948,888 for San Mateo and 67% above the median of $1,049,000 for 94403. 1823 El Parque Ct is approximately 4,730 square feet, which is 251% above the San Mateo median of 1,348 and 211% above the 94403 ZIP code median of 1,520. This property's price per Sqft is $370, which is 52% below the median price in 94403 of $765 and 49% below the San Mateo median of $726 per Sqft.

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Get to Know San Mateo

Built in 1964, this single family house at 1823 El Parque Ct is approximately 4,730 square feet and comes with 4 parking spots. It is listed on 09/13/2016 for $1,750,000 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 has been on the market for 39 days. The median days on the market for properties in this area is 18 with a median list price of $948,888 and median cost per square foot of $726. It's currently listed as active under the MLS #ML81614287.

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