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Key Details
Sold Price $2,060,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,428 sqft
Price per Sqft $465
MLS Listing ID ML82026122
Bedrooms 7
Full Baths 6
Year Built 1958
Lot Size 5,667 Sqft
Property Description
HOLIDAY SPECIAL PRICE REDUCTION! NOW ONLY $2,049,000! Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo Calling All Cash & Stock-Rich Investors! Tired of market volatility? Become a landlord overnight with this turnkey 6-unit cash cow in prime San Mateo! Why 1950 Ivy Beats the Market (and Next Door): * $650K Built-In Equity Identical 1946 Ivy St sold for $2.7M last year * Unit 6 of 1950 is upgraded. Unit 5 was just vacated and ready for remodeling. * Your 5-Year Wealth Plan (Buying at $2.049M) Passive Income: $500K+ net profit over 5 years Appreciation: +24%/yr $2.7M-$3M value by 2030! Equity Build: Tenants pay down your loan Tax Advantages: Depreciation + 1031upside. No stock risk. No hassle. Just collect checks. Steps from tech hubs, top schools, parks, and transit.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Apartment
Interior
Heating Wall Furnace
Flooring Carpet, Laminate
Exterior
Parking Features Carport
Fence Wood
Pool None
View Y/N No
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Other
Others
Special Listing Condition Standard
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Bought with Neel Bhatia Coldwell Banker Realty
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