NOT LISTED FOR SALE

718 10th Ave San Mateo, CA 94402

Hayward Park Neighborhood

Estimated Value: $1,470,000 - $2,197,585

4 Beds
2 Baths
1,959 Sq Ft
$931/Sq Ft Est. Value

Sale Details

Date Sold: December 2, 2019

Last sale price $1,510,000 $771 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $11,691 / mo

13 Days on Market

About This Home

As of December 2019

Excellent Location & Easy to Access: Serene, Quiet Neighborhood on Tree-Lined Street in Central San Mateo. Pride-of-Ownership Duplex - Both Units Are Spacious 2-Bedroom /1-Bath Units With Sizable Frontyard & Private Backyard Plus 2 Attached Garages. Ideal Opportunity For Owner-User or as Investment Opportunity With Excellent Value Appreciation & Cashflow. Rarely Available San Mateo Duplex Property in High-Demand Rental Area - Excellent Rental Upside & Ease of Management. Close Proximity to Downtown San Mateo and Caltrain Station - 6 Min by Bike & Easy Access to Downtown. Strong In-Place Rents ($2,500 and $2,800 MTM) Offering Excellent Current Cashflow and Future Rent Growth/Good Upside. Very Good Current (2.2%) & Pro-Forma Cap Rate (3.5%) and GRM (17.5). Each Unit Separately Metered. Each Tenant Pays Own PG & E, Water & Garbage. Landlord Pays Property Tax & Insurance Only. Easy Access to 101, 92, El Camino Real, and Other Major Freeway & Major Employers. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Don Sung

Colliers Parrish International License #01935797 Listed on: 11/04/2019

Last Buyer's Agent

Training Manager

MLSListings Training License #99999999

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 5,083 Sq Ft Lot

Parking

  • 2 Car Garage
  • Uncovered Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,959 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $63,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,300
  • Maintenance Expense $1,200
  • Manager Expense $4,494
  • Other Expense $600
  • Utility Expense $1,200
  • Operating Expense $29,081
  • Gross Income $61,692

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

5,083 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Living Sq Ft: 1959
  • Stories: 1

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Uncovered Parking

Utilities

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

Lot Info

  • Lot Acres: 0.1167
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5085.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5085.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.57
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1300
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expense Management: 4494
  • Expenses Other: 600
  • Expenses Total: 29081
  • Expenses Utility: 1200
  • Income Annual Gross: 61692.00
  • Income Annual Rental: 63600
  • Income Gross Scheduled: 63600
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2023
Sold by
Bought by
Current Estimated Value
$1,823,146

Purchase Details

Listed on
Nov 4, 2019
Closed on
Nov 20, 2019
Sold by
Bought by
Seller's Agent
Don Sung
Colliers Parrish International
Buyer's Agent
Training Manager
MLSListings Training
List Price
$1,499,000
Sold Price
$1,510,000
Premium/Discount to List
$11,000
0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%
Original Mortgage
$1,000,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
6.22%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 1, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
6.22%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 30, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,200
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 13, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.52%

Purchase Details

Closed on
Apr 18, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 Buyer Sale Price Title Company
-- None Listed On Document
$1,510,000 First American Title Company
-- Financial Title Company
$835,000 Financial Title Company
$835,000 First American Title Co
$45,000 North American Title Co
-- North American Title Co
-- North American Title Co
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $1,000,000
Previous Owner $626,250
Previous Owner $125,200
Previous Owner $626,250
Previous Owner $180,000
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
12/02/2019 12/02/19 Sold $1,510,000 +0.7% $771 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $1,499,000 -- $765 / Sq Ft
Source: MLSListings

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 $22,123 $1,651,400 $1,203,008 $448,392
2023 $22,123 $1,587,276 $1,156,295 $430,981
2022 $21,845 $1,556,154 $1,133,623 $422,531
2021 $21,720 $1,525,643 $1,111,396 $414,247
2020 $20,681 $1,510,000 $1,100,000 $410,000
2019 $13,331 $983,200 $491,600 $491,600
2018 $12,532 $963,922 $481,961 $481,961
2017 $12,159 $945,022 $472,511 $472,511
2016 $11,745 $926,494 $463,247 $463,247
2015 $11,404 $912,578 $456,289 $456,289
2014 $8,600 $700,000 $350,000 $350,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Don Sung

    Colliers Parrish International

    Section Image

  • T

    Buyer's Agent in 2019

    Training Manager

    MLSListings

  • J

    Buyer's Agent in 2019

    Jim Wilson

    Q1 Property Management

    Section Image
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Map

Source: MLSListings

MLS Number: ML81774542

MLSListings

APN: 035-013-090

California San Mateo County San Mateo 94402 Hayward Park

718 10th Ave, San Mateo, CA

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