$2,588,888
$300K PRICE DROP

Estimated payment $16,068/month

Total Views 9,627
6 Beds
6 Baths
4,840 Sq Ft
$535 Price per Sq Ft

About This Home

Fantastic 3-unit residential income property located directly across from the vibrant Crystal Springs Village shopping center in the desirable Baywood Park area. Just 1/3 of a mile from Highway 92, this location offers quick & easy freeway access for commuters. Each unit benefits from proximity to top-rated schools, making it an appealing option for tenants w/ families. Additionally, you're just minutes from numerous parks & scenic hiking trails, perfect for outdoor recreation & weekend adventures. Properties like this are rarely available in this neighborhood SO DON'T WAIT! Inside each unit, you'll discover immaculate bathrooms, comfortable bedrooms, soaring ceilings, & sunlit living areas enhanced by oversized windows and glass doors, plus many thoughtful details throughout w/ a well-appointed kitchen in each. Unit A features 3 beds/2.5 baths - Unit B features 1 bed/1 bath - Unit C features 2 beds/2 baths. Unit A has a sizable patio while units B & C both have balconies. The building offers multiple carports along with an attached garage for added convenience & ample parking. If you're in the market for an income-generating property in one of the most desirable locations, look no further than 2005 Parrott Drive. (NOTE: 4,840 SqFt includes common / shared areas at the complex).

Listing Agent

Stanley Lo

Green Banker Realty License #00874415 Listed on: 06/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,723

Year Built

  • 1976

Lot Details

  • 8,377 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Raised Foundation
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,840 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,705
  • Utility Expense $5,223
  • Trash Expense $1,428
  • Operating Expense $31,799
  • Gross Income $109,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,723

Year Built

1976

Lot Details

0

Parking

3

Listing Details

  • Zoning: R30000
  • Subclass: Triplex
  • Age: 49
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4840
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Living Sq Ft: 4840
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Raised
  • Roof: Composition, Shingle, Tar And Gravel

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1923
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8375.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8375.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 23.69
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1705
  • Expense Landscape: 720
  • Expenses Total: 31799
  • Expenses Utility: 5223
  • Expense Trash: 1428
  • Income Annual Gross: 109296.00
  • Income Annual Rental: 109296
  • Income Gross Scheduled: 109296
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $22,723 $1,649,262 $995,247 $654,015
2023 $22,723 $1,585,221 $956,601 $628,620
2022 $23,450 $1,554,140 $937,845 $616,295
2021 $23,526 $1,523,667 $919,456 $604,211
2020 $21,283 $1,508,045 $910,029 $598,016
2019 $20,989 $1,478,477 $892,186 $586,291
2018 $18,781 $1,449,489 $874,693 $574,796
2017 $17,949 $1,421,069 $857,543 $563,526
2016 $17,170 $1,393,206 $840,729 $552,477
2015 $16,678 $1,372,280 $828,101 $544,179
2014 $16,409 $1,345,400 $811,880 $533,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $2,588,888 -10.4% $535 / Sq Ft
06/06/2025 06/06/25 For Sale $2,888,888 -- $597 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title Co
Grant Deed $1,160,000 First American Title Co
Grant Deed -- Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $775,000 Purchase Money Mortgage
Source: Public Records

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Source: MLSListings

MLS Number: ML82010044

MLSListings

APN: 041-203-030