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

Sale Details

Date 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

6,042 Sq Ft Lot

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • 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

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
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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
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

Agents Affiliated with this Home

  • Daniel Chavez

    Seller's Agent in 2022

    Daniel Chavez

    Coldwell Banker Realty

    (650) 576-5708

    5 in this area

    60 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

    1 Total Sale

    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

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