NOT LISTED FOR SALE

1840 El Parque Ct San Mateo, CA 94403

Los Prados Neighborhood

Estimated Value: $2,135,000 - $2,500,829

8 Beds
7 Baths
4,020 Sq Ft
$577/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2022

Last sale price $2,300,000 $572 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $15,287 / mo

31 Days on Market

About This Home

As of November 2022

Property consists of a 4-plex with a 1bed/1bath, two 2bed/2bath, and a 3bed/2bath. All units have a patio or balcony, and are separately metered for electricity. Includes newly painted exterior and brand new fences. Close walking distance to Los Prados Park, shopping, and local restaurants.

Last Agent to Sell the Property

Linda Prajudha

Happy Real Estate Inc License #00872604 Listed on: 09/24/2022

Last Buyer's Agent

Winnie Wong

Realty One Group Extreme License #01953676

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 8,024 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,020 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $110,400

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,560
  • Insurance Expense $1,197
  • Other Expense $1,270
  • Utility Expense $7,071
  • Trash Expense $2,040
  • Operating Expense $33,579
  • Gross Income $112,800

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

8,024 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4020
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 4020
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.1842
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8024.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8024.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.16
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 1197
  • Expense Landscape: 1560
  • Expenses Other: 1270
  • Expenses Total: 33579
  • Expenses Utility: 7071
  • Expense Trash: 2040
  • Income Annual Gross: 112800.00
  • Income Annual Rental: 110400
  • Income Gross Scheduled: 112800
  • Income Includes: Laundry
  • Income Other: 2400
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2022
Closed on
Nov 22, 2022
Sold by
Procida Llc
Bought by
Ou/Tan Family Trust
Seller's Agent
Linda Prajudha
Happy Real Estate Inc
Buyer's Agent
Winnie Wong
Realty One Group Extreme
List Price
$2,500,000
Sold Price
$2,300,000
Premium/Discount to List
-$200,000
-8%
Views
18
Current Estimated Value
$2,319,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,207
Avg. Annual Appreciation
0.25%
Original Mortgage
$1,610,000
Outstanding Balance
$1,542,460
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$776,747

Purchase Details

Closed on
Dec 2, 2011
Sold by
Bruce Bauer Lumber Company Of California
Bought by
Procida Llc

Purchase Details

Closed on
Oct 24, 1995
Sold by
Heller Vernon K and Heller Eleanor J
Bought by
Bruce Bauer Lumber Company Of Ca Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,369
Interest Rate
7.58%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Ou/Tan Family Trust $2,300,000 Old Republic Title
Procida Llc $950,000 Old Republic Title Company
Bruce Bauer Lumber Company Of Ca Inc $440,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ou/Tan Family Trust $1,610,000
Previous Owner Bruce Bauer Lumber Company Of Ca Inc $343,369
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $2,300,000 -8.0% $572 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
09/24/2022 09/24/22 For Sale $2,500,000 -- $622 / 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 $35,752 $2,392,920 $1,664,640 $728,280
2023 $35,752 $2,300,000 $1,600,000 $700,000
2022 $21,213 $1,124,420 $562,210 $562,210
2021 $20,441 $1,102,374 $551,187 $551,187
2020 $17,521 $1,091,072 $545,536 $545,536
2019 $16,889 $1,069,680 $534,840 $534,840
2018 $15,173 $1,048,706 $524,353 $524,353
2017 $15,462 $1,028,144 $514,072 $514,072
2016 $14,528 $1,007,986 $503,993 $503,993
2015 $14,769 $992,846 $496,423 $496,423
2014 $14,470 $973,398 $486,699 $486,699
Source: Public Records

Agents Affiliated with this Home

  • Linda Prajudha

    Seller's Agent in 2022

    Linda Prajudha

    Happy Real Estate Inc

    (408) 861-0112

    1 in this area

    3 Total Sales

    Linda Prajudha
    Section Image

  • W

    Buyer's Agent in 2022

    Winnie Wong

    Realty One Group Extreme

    (415) 812-8300

    1 in this area

    6 Total Sales

    Winnie Wong
    Section Image
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Map

Source: MLSListings

MLS Number: ML81908417

MLSListings

APN: 040-402-170

California San Mateo County San Mateo 94403 Los Prados

1840 El Parque Ct, San Mateo, CA

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