$1,650,000
SOLD OCT 3, 2025

1567 Lago St San Mateo, CA 94403

Los Prados Neighborhood
5 Beds
3 Baths
1,900 Sq Ft
8,525 Sq Ft Lot

Recently Sold

$868 Per Sq Ft

2% Below List Price

11 Days on Market

Highlights

  • Water Views
  • Granite Countertops
  • Forced Air Heating System
  • Parkside Montessori (PK-8) Rated A
  • Tile Flooring
  • Ceiling Fan

About This Home

As of October 2025

Waterfront living and investment opportunity in San Mateo! This rare duplex sits along the peaceful Lago Street lagoon and offers two well-designed units: one featuring 3 bedrooms and 1.5 bathrooms, and the other offering 2 bedrooms and 1 bathroom. Both enjoy beautiful water views, creating a serene backdrop that makes this property truly special. Whether youre an investor seeking strong rental potential or a buyer looking to live in one unit while generating income from the other, this duplex provides excellent flexibility. The location is unbeatableenjoy nearby parks, top schools, shopping, dining, and easy access to major freeways for commuting. With its combination of lifestyle appeal and investment value, this property is a unique opportunity you wont want to miss.

Last Agent to Sell the Property

Eric Chang

Crossbay Group Inc License #01944586 Listed on: 08/22/2025

Last Buyer's Agent

Emily Lin

Crossbay Group Inc License #02178673

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,597

Year Built

  • 1959

Lot Details

  • 8,525 Sq Ft Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Assigned Parking

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Water Views
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $81,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,000
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Manager Expense $4,896
  • Utility Expense $1,268
  • Operating Expense $25,459
  • Gross Income $79,152

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,597

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1900
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Metal, Shingle
  • View: Water

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Carport, Parking Area
  • Carport Min: 2

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 641

Lot Info

  • Lot Acres: 0.1957
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8526.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8526.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Security Deposit
  • Gross Rent Multiplier: 20.59
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1000
  • Expense Maintenance: 2000
  • Expense Management: 4896
  • Expenses Total: 25459
  • Expenses Utility: 1268
  • Income Annual Gross: 79152.00
  • Income Annual Rental: 81600
  • Income Gross Scheduled: 81600
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2021
Sold by
City Of San Mateo
Bought by
Tsai Chau Cnad and Li Wei Hijng

Purchase Details

Closed on
Jun 8, 2012
Sold by
Canlas Charles C and Canlas Carol Sue Kirby
Bought by
Tsai Chau Chad and Li Wei Hung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 1998
Sold by
Charles Canlas
Bought by
Canlas Charles C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.82%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Available
Grant Deed $725,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Individual Deed -- North American Title Insuran
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $217,000 Stand Alone First
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 Sold $1,650,000 -1.8% $868 / Sq Ft
09/03/2025 09/03/25 Pending -- -- --
08/22/2025 08/22/25 For Sale $1,680,000 -- $884 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $13,597 $910,630 $455,315 $455,315
2023 $13,597 $875,272 $437,636 $437,636
2022 $12,862 $858,110 $429,055 $429,055
2021 $12,257 $841,286 $420,643 $420,643
2020 $11,647 $832,660 $416,330 $416,330
2019 $11,174 $816,334 $408,167 $408,167
2018 $10,846 $800,328 $400,164 $400,164
2017 $10,082 $784,636 $392,318 $392,318
2016 $9,756 $769,252 $384,626 $384,626
2015 $9,745 $757,698 $378,849 $378,849
2014 $9,305 $742,856 $371,428 $371,428
Source: Public Records

Agents Affiliated with this Home

  • Eric Chang

    Seller's Agent in 2025

    Eric Chang

    Crossbay Group Inc

    (408) 512-4366

    1 in this area

    30 Total Sales

    Eric Chang
    Section Image

  • E

    Buyer's Agent in 2025

    Emily Lin

    Crossbay Group Inc

    (408) 512-4366

    1 in this area

    2 Total Sales

    Emily Lin
    Section Image
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Map

Source: MLSListings

MLS Number: ML82019034

MLSListings

APN: 040-391-120

California San Mateo County San Mateo 94403 Los Prados

1567 Lago St, San Mateo, CA

This home is located at 1567 Lago St, San Mateo, CA 94403 and is currently priced at $1,650,000, approximately $868 per square foot. This property was built in 1959. 1567 Lago St is a home located in San Mateo County with nearby schools including Parkside Montessori (PK-8), Bayside Academy, and Hillsdale High School.

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