NOT LISTED FOR SALE

401 Studio Cir San Mateo, CA 94401

North Central Neighborhood
3 Beds
4 Baths
6,478 Sq Ft
7,928 Sq Ft Lot

Last Sold June 02, 2017

Last sale price $3,340,000 $516 Per Sq Ft

20 Days on Market

About This Home

As of June 2017

This home is located at 401 Studio Cir, San Mateo, CA 94401 since 25 April 2017. This property was built in 1963. 401 Studio Cir is a home located in San Mateo County with nearby schools including San Mateo Park Elementary, Borel Middle School, and San Mateo High School.

Last Agent to Sell the Property

Phillip Batlin

Marcus & Millichap License #01873218 Listed on: 04/25/2017

Last Buyer's Agent

Adam Levin

Marcus & Millichap License #01462752

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,928

Parking

  • 2 Car Garage
  • 7 Carport Spaces

Home Design

  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,478 Sq Ft Home
  • 2-Story Property

Additional Features

  • 7,928 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $183,600
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 7 Leased Units
  • Gardener Expense $3,000
  • Insurance Expense $3,885
  • Maintenance Expense $4,200
  • Other Expense $1,200
  • Utility Expense $4,860
  • Trash Expense $2,952
  • Operating Expense $62,829
  • Gross Income $181,692

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,928 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 6478
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 6478
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 7
  • Garage Parking Features: No Parking
  • Carport Min: 7

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1820
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7938.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7938.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.88
  • Number Of Leased: 7

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3885
  • Expense Landscape: 3000
  • Expense Maintenance: 4200
  • Expenses Other: 1200
  • Expenses Total: 62829
  • Expenses Utility: 4860
  • Expense Trash: 2952
  • Income Annual Gross: 181692.00
  • Income Annual Rental: 183600
  • Income Gross Scheduled: 185400
  • Income Includes: Laundry
  • Income Other: 1800
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2017 06/02/17 Sold $3,340,000 -4.6% $516 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $3,500,000 -- $540 / 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 $54,849 $3,876,351 $893,648 $2,982,703
2023 $54,849 $3,725,830 $858,948 $2,866,882
2022 $53,143 $3,652,775 $842,106 $2,810,669
2021 $50,855 $3,581,153 $825,595 $2,755,558
2020 $48,002 $3,544,434 $817,130 $2,727,304
2019 $46,255 $3,474,936 $801,108 $2,673,828
2018 $44,085 $3,406,800 $785,400 $2,621,400
2017 $9,302 $487,997 $134,775 $353,222
2016 $8,594 $478,430 $132,133 $346,297
2015 $8,799 $471,245 $130,149 $341,096
2014 $18,748 $1,406,356 $803,632 $602,724
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Phillip Batlin

    Marcus & Millichap

    (415) 625-2189

    24 Total Sales

    Phillip Batlin
    Section Image
  • Adam Levin

    Buyer's Agent in 2017

    Adam Levin

    Marcus & Millichap

    (650) 391-1782

    2 in this area

    92 Total Sales

    Adam Levin
    Section Image
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Map

Source: MLSListings

MLS Number: ML81648445

MLSListings
California San Mateo County San Mateo 94401 North Central

401 Studio Cir, San Mateo, CA

Not Listed for Sale

MultiFamily

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