1401 Cary Ave San Mateo, CA 94401
South Shoreview NeighborhoodEstimated payment $10,796/month
Highlights
- High Ceiling
- 2 Car Attached Garage
- 1-Story Property
- Aragon High School Rated A+
About This Home
1401-1403 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,388
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | -3.0% | $731 / Sq Ft |
| 08/06/2025 08/06/25 | Off Market | $1,750,000 | -- | -- |
| 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 |
| 10/26/2016 10/26/16 | Pending | -- | -- | -- |
| 10/10/2016 10/10/16 | For Sale | $1,260,000 | -- | $542 / Sq Ft |
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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $767,000 | New Conventional | |
| Closed | $882,000 | Commercial | |
| Previous Owner | $607,500 | Stand Alone First | |
| Previous Owner | $550,000 | Negative Amortization | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $387,500 | Stand Alone First | |
| Previous Owner | $300,000 | Stand Alone First | |
| Previous Owner | $25,000 | Unknown |
Source: MLSListings
MLS Number: ML81993977
APN: 033-264-050
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