NOT LISTED FOR SALE

212 12th Ave San Mateo, CA 94402

Hayward Park Neighborhood

Estimated Value: $1,774,000 - $1,862,000

2 Beds
4 Baths
1,643 Sq Ft
$1,116/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $1,828,000 $1,113 Per Sq Ft

Current estimated payment $11,958/month

81 Days on Market

Highlights

  • 4 Car Attached Garage
  • Borel Middle School Rated A-
  • 1-Story Property

About This Home

As of August 2024

212 12th Ave is a stunning fourplex strategically located in the heart of the thriving city of San Mateo, California. Situated on a parcel of land totaling 5,000 square feet, the subject property was originally constructed in 1957 and has a gross building area of approximately 1,643 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans with private garages. Select units also feature back patios. Additionally, all units have undergone extensive capital improvements including remodeled kitchen cabinets, stainless steel appliances, marble countertops, dual pane windows, new flooring, bathroom tile flooring, recessed lighting, shower and tub, vanity, as well as new interior and exterior paint. The subject property is located across the street from Hayward Square Park and 5 blocks away from Downtown San Mateo, featuring a myriad of diverse retail shops, dining and entertainment options. 212 12th Ave is also located within convenient access to major transportation corridors including U.S. Route 101, California State Route 92 and the San Mateo Caltrain Station.

Last Agent to Sell the Property

Cole Simpson

Marcus & Millichap License #02016525 Listed on: 06/01/2024

Last Buyer's Agent

Jonathan Lee

A 2 M Real Estate License #01145731

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,301

Year Built

  • 1957

Lot Details

  • 5,001

Parking

  • 4 Car Attached Garage
  • Off-Site Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,643 Sq Ft Home
  • 1-Story Property

Additional Features

  • 5,001 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $106,476
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $932
  • Maintenance Expense $2,000
  • Utility Expense $2,040
  • Trash Expense $1,800
  • Operating Expense $34,597
  • Gross Income $103,282

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,301

Year Built

1957

Lot Details

0

Parking

4

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1643
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Living Sq Ft: 1643
  • Stories: 1

Exterior Features

  • Foundation: Wood Frame
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage, Off-Site Parking

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.66
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 932
  • Expense Landscape: 600
  • Expense Maintenance: 2000
  • Expenses Total: 34597
  • Expenses Utility: 2040
  • Expense Trash: 1800
  • Income Annual Gross: 103282.00
  • Income Annual Rental: 106476
  • Income Gross Scheduled: 106476
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2024
Closed on
Aug 26, 2024
Sold by
Flying H Property Llc
Bought by
Tonof Llc
Seller's Agent
Cole Simpson
Marcus & Millichap
Buyer's Agent
Jonathan Lee
A 2 M Real Estate
List Price
$1,930,000
Sold Price
$1,828,000
Premium/Discount to List
-$102,000
-5.28%
Views
19
Current Estimated Value
$1,832,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,994
Avg. Annual Appreciation
0.26%
Original Mortgage
$608,000
Outstanding Balance
$602,100
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$1,230,894

Purchase Details

Closed on
Mar 26, 2017
Sold by
Rellly Matthew O
Bought by
Flying H Property Llc

Purchase Details

Closed on
Dec 23, 2016
Sold by
Oreilly Matt
Bought by
Flying H Property Llc

Purchase Details

Closed on
Aug 1, 2016
Sold by
Great Deal Homes Llc
Bought by
Reilly Matthew O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2016
Sold by
Johnston Winnett D
Bought by
Great Deal Homes Llc

Purchase Details

Closed on
Oct 13, 2015
Sold by
Chiang Yung Hui
Bought by
Johnston Winnett Dickson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,610
Interest Rate
3.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 6, 2015
Sold by
Wells Fargo Bank Na
Bought by
Johnston Winnett D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,610
Interest Rate
3.73%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Tonof Llc $1,828,000 First American Title
Flying H Property Llc -- None Available
Flying H Property Llc -- None Available
Reilly Matthew O $1,500,000 Old Republic Title Company
Great Deal Homes Llc -- Old Republic Title Company
Johnston Winnett Dickson -- Old Republic Title Company
Johnston Winnett D $1,150,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tonof Llc $608,000
Previous Owner Reilly Matthew O $1,000,000
Previous Owner Johnston Winnett D $74,610
Previous Owner Johnston Winnett Dickson $360,500
Previous Owner Johnston Winnett D $805,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Sold $1,828,000 -2.8% $1,113 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
06/10/2024 06/10/24 Price Changed $1,880,000 -2.6% $1,144 / Sq Ft
06/01/2024 06/01/24 For Sale $1,930,000 -- $1,175 / 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 $26,301 $1,828,000 $1,400,000 $428,000
2023 $26,301 $1,673,275 $892,414 $780,861
2022 $23,963 $1,640,466 $874,916 $765,550
2021 $23,246 $1,608,301 $857,761 $750,540
2020 $21,776 $1,591,811 $848,966 $742,845
2019 $21,248 $1,560,600 $832,320 $728,280
2018 $20,430 $1,530,000 $816,000 $714,000
2017 $19,314 $1,500,000 $800,000 $700,000
2016 $16,399 $1,250,000 $1,030,000 $220,000
2015 $9,478 $652,787 $407,992 $244,795
2014 $2,927 $105,424 $29,987 $75,437
Source: Public Records

Agents Affiliated with this Home

  • Cole Simpson

    Seller's Agent in 2024

    Cole Simpson

    Marcus & Millichap

    (650) 888-7696

    2 in this area

    20 Total Sales

    Cole Simpson
    Section Image
  • Jonathan Lee

    Buyer's Agent in 2024

    Jonathan Lee

    A 2 M Real Estate

    (415) 633-6103

    1 in this area

    20 Total Sales

    Jonathan Lee
    Section Image
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Map

Source: MLSListings

MLS Number: ML81967997

MLSListings

APN: 034-284-010

California San Mateo County San Mateo 94401 Hayward Park

212 12th Ave, San Mateo, CA

This home is located at 212 12th Ave, San Mateo, CA 94402 since 01 June 2024 and is currently estimated at $1,832,994, approximately $1,115 per square foot. This property was built in 1957. 212 12th Ave is a home located in San Mateo County with nearby schools including Sunnybrae Elementary School, Borel Middle School, and Aragon High School.

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