Seller's Agent in 2026
Sam Runco
Marcus & Millichap
(650) 391-1700
1 in this area
16 Total Sales
1401 Cary Ave San Mateo, CA 94401
South Shoreview Neighborhood
5
Beds
2
Baths
2,324
Sq Ft
5,502
Sq Ft
Highlights
- High Ceiling
- 2 Car Attached Garage
- 1-Story Property
- Bayside Academy Rated A-
About This Home
As of February 20261401-1403 Cary Avenue in San Mateo is a well-maintained duplex situated on a spacious 5,479 SF lot, offering an excellent investment or owner-occupant opportunity. Built in 1950, the property features two updated units: a vacant 3-bedroom, 1-bathroom unit and an occupied 2-bedroom, 1-bathroom unit generating $3,300 per month in rental income. Both units have been thoughtfully upgraded with modern kitchens and bathrooms, providing contemporary comfort while maintaining the charm of the original construction. Each living room is highlighted with 12-foot ceilings and traditional fireplaces. With tenants responsible for all expenses, this property presents a low-maintenance income-producing asset in a desirable location. Note: The Property has been Virtually staged for illustration purposes.
Last Agent to Sell the Property
Marcus & Millichap License #01977683 Listed on: 02/13/2025
Property Details
Home Type
- Multi-Family
Year Built
- 1950
Lot Details
- 5,502 Sq Ft Lot
Parking
- 2 Car Attached Garage
Home Design
- Duplex
- Slab Foundation
- Tar and Gravel Roof
Interior Spaces
- 2,324 Sq Ft Home
- 1-Story Property
- High Ceiling
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $93,600
Community Details
Overview
Building Details
- 1 Leased Unit
- Gardener Expense $980
- Insurance Expense $1,800
- Maintenance Expense $1,000
- Operating Expense $25,883
- Gross Income $93,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2016
Closed on
Nov 21, 2016
Sold by
Tandy David and Cox Michael
Bought by
Willett Donald Smith and Willett Andrea Lee
Seller's Agent
Mike Hirner
Compass
Buyer's Agent
Mike Hirner
Compass
List Price
$1,260,000
Sold Price
$1,260,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$882,000
Outstanding Balance
$711,423
Interest Rate
3.57%
Mortgage Type
Commercial
Estimated Equity
$1,122,546
Purchase Details
Closed on
Jun 6, 2006
Sold by
Arauz Taina M
Bought by
Tandy David and Cox Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
6.56%
Mortgage Type
Stand Alone First
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,260,000 | First American Title Company | |
| Individual Deed | $810,000 | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $882,000 | Commercial | |
| Previous Owner | $607,500 | Stand Alone First |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | $1,575,000 | -6.0% | $678 / Sq Ft | |
| 01/27/2026 01/27/26 | Pending | -- | -- | -- | |
| 11/10/2025 11/10/25 | Price Changed | $1,675,000 | 0.0% | $721 / Sq Ft | |
| 11/10/2025 11/10/25 | For Sale | $1,675,000 | +6.3% | $721 / Sq Ft | |
| 11/06/2025 11/06/25 | Off Market | $1,575,000 | -- | -- | |
| 08/11/2025 08/11/25 | Price Changed | $1,698,000 | 0.0% | $731 / Sq Ft | |
| 08/11/2025 08/11/25 | For Sale | $1,698,000 | +7.8% | $731 / Sq Ft | |
| 08/06/2025 08/06/25 | Off Market | $1,575,000 | -- | -- | |
| 05/28/2025 05/28/25 | Price Changed | $1,750,000 | -2.5% | $753 / Sq Ft | |
| 04/22/2025 04/22/25 | Price Changed | $1,795,000 | -1.9% | $772 / Sq Ft | |
| 03/24/2025 03/24/25 | Price Changed | $1,830,000 | -1.1% | $787 / Sq Ft | |
| 02/13/2025 02/13/25 | For Sale | $1,850,000 | +46.8% | $796 / Sq Ft | |
| 12/28/2016 12/28/16 | Sold | $1,260,000 | 0.0% | $542 / Sq Ft | View Prior Sale |
| 10/26/2016 10/26/16 | Pending | -- | -- | -- | |
| 10/10/2016 10/10/16 | For Sale | $1,260,000 | -- | $542 / Sq Ft |
Source: MLSListings
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,388 | $1,462,332 | $731,166 | $731,166 |
| 2023 | $19,388 | $1,405,550 | $702,775 | $702,775 |
| 2022 | $19,141 | $1,377,992 | $688,996 | $688,996 |
| 2021 | $18,847 | $1,350,974 | $675,487 | $675,487 |
| 2020 | $18,071 | $1,337,122 | $668,561 | $668,561 |
| 2019 | $17,302 | $1,310,904 | $655,452 | $655,452 |
| 2018 | $17,181 | $1,285,200 | $642,600 | $642,600 |
| 2017 | $15,525 | $1,260,000 | $630,000 | $630,000 |
| 2016 | $12,821 | $935,062 | $467,531 | $467,531 |
| 2015 | $10,423 | $800,000 | $400,000 | $400,000 |
| 2014 | $8,455 | $650,000 | $325,000 | $325,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sam Runco
-
Phillip Batlin
P
Seller Co-Listing Agent in 2026
Phillip Batlin
Marcus & Millichap
(415) 625-2189
1 in this area
24 Total Sales
-
Kris Mares
K
Buyer's Agent in 2026
Kris Mares
KW Advisors
(650) 627-3700
1 in this area
38 Total Sales
-
M
Seller's Agent in 2016
Mike Hirner
Compass
Map
Source: MLSListings
MLS Number: ML81993977
APN: 033-264-050
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