1433 Jasmine St San Mateo, CA 94402
Hayward Park Neighborhood
4
Beds
4
Baths
3,004
Sq Ft
5,001
Sq Ft Lot
About This Home
As of November 20241433 Jasmine St is a stunning 4-unit apartment community located in the thriving city of San Mateo, California. Situated on a 5,000 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 3,004 square feet, offering its tenants beautifully designed one-bedroom floor plans. San Mateo is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. San Mateo offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the many street retailers lined along North El Camino Real, the popular Hillsdale Shopping Center, and San Mateo Medical Center. The investment appeal of this asset is driven by San Mateo's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 1433 Jasmine St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Last Agent to Sell the Property
Marcus & Millichap License #01853816 Listed on: 09/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,104
Year Built
- 1952
Lot Details
- 5,001 Sq Ft Lot
Parking
- 4 Carport Spaces
Home Design
- Quadruplex
- Flat Roof Shape
- Concrete Perimeter Foundation
Interior Spaces
- 3,004 Sq Ft Home
- 2-Story Property
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $80,580
- Month-to-Month Lease Term
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $3,600
- Insurance Expense $3,755
- Maintenance Expense $3,000
- Other Expense $1,200
- Utility Expense $3,967
- Operating Expense $36,178
- Gross Income $79,094
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2024
Closed on
Oct 28, 2024
Sold by
2002 Henry Garrett Wada and 2002 Donna Jean
Bought by
Kuan Man Wa and So Wai Kei
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Jessica Tomasetti
Marcus & Millichap
List Price
$1,798,000
Sold Price
$1,800,000
Premium/Discount to List
$2,000
0.11%
Total Days on Market
13
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,179
Avg. Annual Appreciation
-0.04%
Original Mortgage
$1,260,000
Outstanding Balance
$1,249,960
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$549,494
Purchase Details
Closed on
Jun 25, 2002
Sold by
Wada Henry Garrett and Wada Donna Jean
Bought by
Wada Henry Garrett and Wada Donna Jean
Purchase Details
Closed on
Jul 10, 1997
Sold by
Henry Wada
Bought by
Wada Henry Garrett and Wada Donna Jean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,750
Interest Rate
8.12%
Similar Homes in San Mateo, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,800,000 | First American Title | |
| Grant Deed | $1,800,000 | First American Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $389,000 | Old Republic Title Ins Compa |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,260,000 | New Conventional | |
| Closed | $1,260,000 | New Conventional | |
| Previous Owner | $275,000 | Unknown | |
| Previous Owner | $280,000 | Unknown | |
| Previous Owner | $291,750 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Sold | $1,800,000 | +0.1% | $599 / Sq Ft |
| 10/02/2024 10/02/24 | Pending | -- | -- | -- |
| 09/18/2024 09/18/24 | For Sale | $1,798,000 | -- | $599 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $12,104 | $1,800,000 | $1,425,000 | $375,000 |
| 2023 | $12,104 | $613,884 | $184,161 | $429,723 |
| 2022 | $11,092 | $601,848 | $180,550 | $421,298 |
| 2021 | $10,963 | $590,048 | $177,010 | $413,038 |
| 2020 | $10,186 | $583,998 | $175,195 | $408,803 |
| 2019 | $9,771 | $572,548 | $171,760 | $400,788 |
| 2018 | $9,180 | $561,323 | $168,393 | $392,930 |
| 2017 | $7,967 | $550,318 | $165,092 | $385,226 |
| 2016 | $7,720 | $539,528 | $161,855 | $377,673 |
| 2015 | $7,612 | $531,424 | $159,424 | $372,000 |
| 2014 | $7,599 | $521,016 | $156,302 | $364,714 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Robert Johnston
Marcus & Millichap
(510) 304-8077
3 in this area
138 Total Sales
-
Seller Co-Listing Agent in 2024
Jessica Tomasetti
Marcus & Millichap
(925) 339-6104
1 in this area
3 Total Sales
Map
Source: MLSListings
MLS Number: ML81980812
APN: 034-413-180
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