NOT LISTED FOR SALE

611 S Eldorado St San Mateo, CA 94402

Downtown San Mateo Neighborhood
8 Beds
4 Baths
3,636 Sq Ft
6,042 Sq Ft Lot

Last Sold April 13, 2022

Last sale price $2,125,000 $584 Per Sq Ft

15 Days on Market

About This Home

As of April 2022

Large San Mateo Fourplex in the heart of downtown San Mateo. All units are spacious 2 bedroom one bathroom with their own outdoor space. Upside potential. Easy access to all shops, restaurants, etc in downtown San Mateo. Close to transportation, freeways & Caltrains.

Last Agent to Sell the Property

Daniel Chavez

Coldwell Banker Realty License #01962446 Listed on: 02/16/2022

Coldwell Banker Realty

Co-Listed By

Rick Hanson

Coldwell Banker Realty License #02116837

Last Buyer's Agent

Max Diez

Maximillian Diez, Broker License #01291288

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 6,042

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 3,636 Sq Ft Home
  • 2-Story Property

Additional Features

  • 6,042 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $82,500

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $4,000
  • Maintenance Expense $2,400
  • Utility Expense $3,600
  • Trash Expense $1,500
  • Operating Expense $40,151
  • Gross Income $83,700

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Age: 58
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3636
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3636
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 4

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1387
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6040.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6040.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 27.42
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4000
  • Expense Landscape: 1800
  • Expense Maintenance: 2400
  • Expenses Total: 40151
  • Expenses Utility: 3600
  • Expense Trash: 1500
  • Income Annual Gross: 83700.00
  • Income Annual Rental: 82500
  • Income Gross Scheduled: 83700
  • Income Includes: Laundry, Rents
  • Income Other: 1200
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
04/13/2022 04/13/22 Sold $2,125,000 -7.4% $584 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $2,295,000 -- $631 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daniel Chavez

    Seller's Agent in 2022

    Daniel Chavez

    Coldwell Banker Realty

    (650) 576-5708

    5 in this area

    62 Total Sales

    Daniel Chavez
    Section Image

  • R

    Seller Co-Listing Agent in 2022

    Rick Hanson

    Coldwell Banker Realty

    (650) 558-4200

    1 in this area

    3 Total Sales

    Rick Hanson
    Section Image

  • M

    Buyer's Agent in 2022

    Max Diez

    Maximillian Diez, Broker

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81878510

MLSListings
California San Mateo County San Mateo 94402 Downtown San Mateo

611 S Eldorado St, San Mateo, CA

This home is located at 611 S Eldorado St, San Mateo, CA 94402 since 16 February 2022. This property was built in 1964. 611 S Eldorado St 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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