NOT LISTED FOR SALE

3120 Los Prados St San Mateo, CA 94403

Los Prados Neighborhood

Estimated Value: $2,137,000 - $2,331,000

6 Beds
5 Baths
3,642 Sq Ft
$623/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $2,100,000 $577 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $14,227/month

155 Days on Market

Highlights

  • Stone Countertops
  • Balcony
  • Forced Air Heating System
  • Parkside Montessori (PK-8) Rated A
  • Tile Flooring
  • Coin Laundry

About This Home

As of November 2023

Discover 3120 Los Prados, San Mateo, an updated, remodeled triplex listed at 2195,000. Sellers could carry financing to qualified buyers. This unique property showcases a spacious 3 bedroom, 2 bathroom with a large deck and yard for outdoor enjoyment. The 2-bedroom 2 bath unit offers a private patio for tranquil living, while the open 1 bedroom, 1 bth home provides a comfortable retreat and outdoor space. All units have 1 covered parking spot and access to a shared laundry room, making everyday living convenient. Located close to parks, shopping centers, and freeways, it ensures and easy commute to Silicon Valley, San Francisco, and is just a 12 min drive to SFO. With a current income of $9000 per month, this property represents an excellent investment opportunity for discerning buyers seeking to capitalize on its revenue potential and prime location

Last Agent to Sell the Property

Denise Laugesen

KW Advisors License #70010005 Listed on: 06/01/2023

KW Advisors

Last Buyer's Agent

Gary Sayed

49 Square Realty Group, Inc. License #01000938

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,282

Year Built

  • 1964

Lot Details

  • 8,172 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3,642 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Laminate
  • Tile

Parking

  • 3 Carport Spaces
  • On-Street Parking

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

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

Listing and Financial Details

  • Total Actual Rent $109,200

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Insurance Expense $2,800
  • Maintenance Expense $2,200
  • Manager Expense $3,500
  • Other Expense $2,500
  • Utility Expense $2,250
  • Operating Expense $39,250
  • Gross Income $105,924

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,282

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: RM0000
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3642
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Stone, Dishwasher, Microwave, Oven - Built-In, Refrigerator
  • Living Sq Ft: 3642
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Fenced

Garage/Parking

  • Garage Parking Features: Covered Parking, On Street
  • Carport Min: 3

Utilities

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

Schools

  • High School: 641

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1876
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8170.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8170.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 20.10
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2800
  • Expense Maintenance: 2200
  • Expense Management: 3500
  • Expenses Other: 2500
  • Expenses Total: 39250
  • Expenses Utility: 2250
  • Income Annual Gross: 105924.00
  • Income Annual Rental: 109200
  • Income Gross Scheduled: 109200
  • Meters: Master Electric, Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Services - Gardener, Utilities
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Nov 16, 2023
Sold by
Ong Tse Family Trust
Bought by
549 Kendall Llc
Seller's Agent
Denise Laugesen
KW Advisors
Buyer's Agent
Gary Sayed
49 Square Realty Group, Inc.
List Price
$2,195,000
Sold Price
$2,100,000
Premium/Discount to List
-$95,000
-4.33%
Views
122
Current Estimated Value
$2,267,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,657
Avg. Annual Appreciation
4.04%
Original Mortgage
$842,005
Outstanding Balance
$826,423
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$1,441,234

Purchase Details

Closed on
Apr 26, 2016
Sold by
Augustis Investments Lp
Bought by
Jones Stephen P and Woodfall Jones Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$978,250
Interest Rate
3.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 24, 2006
Sold by
Augustis Virginia M and Virginia M Augustis Living Tru
Bought by
Augustis Investments Lp
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
549 Kendall Llc $2,100,000 Fidelity National Title
Jones Stephen P $1,505,000 First American Title Company
Augustis Investments Lp -- None Available
Klopocki Daniella -- None Available
Klopocki Jeannine L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 549 Kendall Llc $842,005
Previous Owner Jones Stephen P $978,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2023 11/20/23 Sold $2,100,000 -4.3% $577 / Sq Ft
11/04/2023 11/04/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $2,195,000 -6.1% $603 / Sq Ft
05/11/2022 05/11/22 Sold $2,338,000 -2.1% $642 / Sq Ft View Prior Sale
03/30/2022 03/30/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $2,388,000 -- $656 / 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 $28,282 $2,142,000 $1,346,400 $795,600
2023 $28,282 $2,384,760 $1,466,760 $918,000
2022 $23,737 $1,678,853 $1,210,337 $468,516
2021 $22,538 $1,645,935 $1,186,605 $459,330
2020 $21,595 $1,629,059 $1,174,438 $454,621
2019 $21,292 $1,597,117 $1,151,410 $445,707
2018 $20,090 $1,565,802 $1,128,834 $436,968
2017 $19,444 $1,535,100 $1,106,700 $428,400
2016 $5,798 $200,742 $69,218 $131,524
2015 $8,097 $197,728 $68,179 $129,549
2014 $6,619 $193,856 $66,844 $127,012
Source: Public Records

Agents Affiliated with this Home

  • Denise Laugesen

    Seller's Agent in 2023

    Denise Laugesen

    KW Advisors

    (650) 465-5742

    1 in this area

    122 Total Sales

    Denise Laugesen
    Section Image

  • G

    Buyer's Agent in 2023

    Gary Sayed

    49 Square Realty Group, Inc.

    (415) 640-0964

    1 in this area

    2 Total Sales

    Gary Sayed
    Section Image

  • N

    Seller's Agent in 2022

    Nathan Gustavson

    Compass

    (415) 874-5000

    1 in this area

    60 Total Sales

    Nathan Gustavson
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Cameron Foster

    Compass

    (650) 548-9660

    1 in this area

    38 Total Sales

    Cameron Foster
    Section Image
  • Kevin Chow

    Buyer's Agent in 2022

    Kevin Chow

    KW Advisors

    (415) 859-8498

    1 in this area

    20 Total Sales

    Kevin Chow
    Section Image
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Map

Source: MLSListings

MLS Number: ML81930295

MLSListings

APN: 040-402-110

California San Mateo County San Mateo 94403 Los Prados

3120 Los Prados St, San Mateo, CA

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