NOT LISTED FOR SALE
1 Bed
1 Bath
9,378 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: July 28, 2021

Last sale price $4,475,000 $477 Per Sq Ft

91 Days on Market

Highlights

  • Engineered Wood Flooring
  • Cul-De-Sac
  • Handicap Shower
  • Borel Middle School Rated A-
  • Accessible Parking
  • 5-minute walk to Martin Luther King Community Park

About This Home

As of July 2021

333 Catalpa Street is a rare opportunity to acquire a turnkey, updated and well-maintained multifamily property located in Downtown San Mateo on the highly desirable San Francisco Peninsula. The ten (10) unit apartment building, consisting of all one-bedroom-one-bathroom units. The property features ten (10) covered parking spaces, fourteen (14) private storage lockers, and a laundry facility featuring Two (2) coin-operated washers & dryers. The property has a strong historical occupancy with many great long-term Tenants (10-15+ years). Since the beginning of the COVID-19 pandemic, the property has received 100% rent collections, and has had zero vacancies. The current ownership has been invested significant capital into the proper-ty over the last 2-3 years which has proven successful based on their ability to increase rents on 100% of the units while retaining long-term tenants. 333 Catalpa is located just a 2-minute walk to the San Mateo Caltrain station in Downtown San Mateo.

Last Agent to Sell the Property

Marshall Ward

Compass Danville License #01919391 Listed on: 03/15/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 10,902 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped

Home Design

  • Concrete Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 1 Bedroom
  • 9,378 Sq Ft Home
  • 2-Story Property
  • Engineered Wood Flooring
  • Leased Washer and Dryer

Kitchen

  • Built-In Gas Oven
  • Disposal

Parking

  • 18 Parking Spaces
  • 12 Carport Spaces

Accessible Home Design

  • Handicap Shower
  • Low Kitchen Cabinetry
  • Accessible Parking

Utilities

  • Central Heating
  • Separate Meters
  • Individual Gas Meter

Community Details

  • 10 Units
  • Laundry Facilities
  • Gross Income $297,132

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 032301190

Property Details

Home Type

Multi-Family

Year Built

Built in 1963 | Remodeled

Lot Details

0.25 Acres

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Lot Size Acres: 0.2503
  • Stories: 2
  • CapRate: 4.23
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Appliances: Built-In Electric Oven, Built-In Gas Oven, Disposal, Free Standing Refrigerator
  • Accessibility Features: Kitchen Cabinets, Parking, Shower(s)
  • Flooring: Simulated Wood, Wood
  • Price Per Square Foot: 477.18
  • Square Footage: 9378.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Cul-De-Sac, Landscape Front
  • Property Condition: Updated/Remodeled
  • Roof: Tar/Gravel

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 18.00
  • Carport Spaces: 12.00
  • Covered Parking Spaces: 12.00
  • Number Of Guest Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Leased
  • Separate Meters: Electricity, Gas

Schools

  • Middle/Junior School District: Other

Lot Info

  • Assessor Parcel Number: 032301190
  • Lot Size Sq Ft: 10902.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1963

Multi Family

  • Number Of1 Bedrooms Occupied: 10
  • Number of 1 Bedroom Units: 10
  • NumberOfUnitsTotal: 10

MLS Schools

  • Senior High School District: Other
  • School District (County): San Mateo
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2021 07/28/21 Sold $4,475,000 0.0% $477 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $4,475,000 -- $477 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $72,644 $4,748,905 $2,599,959 $2,148,946
2023 $72,644 $4,564,500 $2,499,000 $2,065,500
2022 $65,223 $4,475,000 $2,450,000 $2,025,000
2021 $65,677 $4,467,508 $2,470,269 $1,997,239
2020 $63,461 $4,421,700 $2,444,940 $1,976,760
2019 $60,813 $4,335,000 $2,397,000 $1,938,000
2018 $49,136 $3,400,000 $1,500,000 $1,900,000
2017 $30,177 $1,721,535 $1,167,143 $554,392
2016 $27,101 $1,687,780 $1,144,258 $543,522
2015 $26,353 $1,662,429 $1,127,071 $535,358
2014 $26,675 $1,629,866 $1,104,994 $524,872
Source: Public Records

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 421528609

Bay Area Real Estate Information Services (BAREIS)
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