NOT LISTED FOR SALE

813-815 E 5th Ave San Mateo, CA 94402

Downtown San Mateo Neighborhood

Estimated Value: $2,054,724 - $2,187,000

6 Beds
6 Baths
3,200 Sq Ft
$659/Sq Ft Est. Value

Last Sold January 27, 2025

Last sale price $2,100,000 $656 Per Sq Ft

Current estimated payment $12,169/month

12 Days on Market

Highlights

  • 2 Car Attached Garage
  • Borel Middle School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of January 2025

Discover this stunning, meticulously maintained duplex in the heart of San Mateo! Boasting six bedrooms and five bathrooms, this move-in-ready property offers incredible investment potential with a 5.5%+ cap rate. One unit is currently leased, while the other is vacant, providing flexibility for owner-occupancy or maximizing rental income. Located on a charming tree-lined street, this home is within walking distance of downtown San Mateo, Caltrain, and offers easy access to I-101 for a seamless commute to San Francisco or Silicon Valley. Completely remodeled down to the studs in 2000, this property exudes pride of ownership and presents an exceptional opportunity for discerning buyers

Last Agent to Sell the Property

Alex Sobieski

Redfin License #01993164 Listed on: 12/14/2024

Redfin

Last Buyer's Agent

Disen Cai

KW Advisors License #70010134

KW Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • 2001

Lot Details

  • 5,650

Parking

  • 2 Car Attached Garage

Home Design

  • 3,200 Sq Ft Home
  • Duplex

Additional Features

  • 5,650 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $115,200

Community Details

Overview

  • 3,200 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $100
  • Insurance Expense $200
  • Maintenance Expense $250
  • Trash Expense $150
  • Operating Expense $8,200
  • Gross Income $115,200

Property Details

Home Type

Multi-Family

Year Built

2001

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2001

Interior Features

  • Living Sq Ft: 3200

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1297
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5650.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5650.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.34
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 200
  • Expense Landscape: 100
  • Expense Maintenance: 250
  • Expenses Total: 8200
  • Expense Trash: 150
  • Income Annual Gross: 115200.00
  • Income Annual Rental: 115200
  • Income Gross Scheduled: 115200
  • Income Includes: Land
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2024
Closed on
Jan 24, 2025
Sold by
Buck Family Trust and Buck Merrill L
Bought by
Cai Disen and Cai Abigail Elizabeth Va
Seller's Agent
Alex Sobieski
Redfin
Buyer's Agent
Disen Cai
KW Advisors
List Price
$1,998,000
Sold Price
$2,100,000
Premium/Discount to List
$102,000
5.11%
Views
42
Current Estimated Value
$2,109,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,931
Avg. Annual Appreciation
0.47%
Original Mortgage
$1,100,000
Outstanding Balance
$1,093,060
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$1,016,871

Purchase Details

Closed on
May 23, 2019
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill L and Buck Annette M

Purchase Details

Closed on
Nov 17, 2011
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Purchase Details

Closed on
Jul 7, 2005
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
5.58%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 6, 2005
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
5.58%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 29, 2004
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,500
Interest Rate
5.65%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 24, 2004
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,500
Interest Rate
5.65%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 19, 2004
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,000
Interest Rate
5.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 26, 2003
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2002
Sold by
Buck Merrill Lane and Buck Annette Marie
Bought by
Buck Merrill Lane and Buck Annette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 1997
Sold by
Alcantara Maria C and Alcantara Rose M
Bought by
Buck Merrill L and Buck Annette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 1997
Sold by
Button Martin E
Bought by
Button Rose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Cai Disen $2,100,000 Title Forward Of California In
Buck Merrill L -- None Available
Buck Merrill Lane -- None Available
Buck Merrill Lane -- Alliance Title
Buck Merrill Lane -- Alliance Title
Buck Merrill Lane -- Alliance Title
Buck Merrill Lane -- Alliance Title Company
Buck Merrill Lane -- --
Buck Merrill Lane -- New Century Title Company
Buck Merrill Lane -- --
Buck Merrill Lane -- Old Republic Title Company
Buck Merrill L $260,000 Old Republic Title Ins Compa
Button Rose M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cai Disen $1,100,000
Previous Owner Buck Merrill Lane $715,000
Previous Owner Buck Merrill Lane $643,500
Previous Owner Buck Merrill Lane $626,000
Previous Owner Buck Merrill Lane $50,000
Previous Owner Buck Merrill Lane $638,000
Previous Owner Buck Merrill L $208,000
Closed Buck Merrill Lane $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2025 01/27/25 Sold $2,100,000 +5.1% $656 / Sq Ft
12/27/2024 12/27/24 Pending -- -- --
12/14/2024 12/14/24 For Sale $1,998,000 -- $624 / 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 $11,659 $592,926 $207,564 $385,362
2023 $11,659 $569,905 $199,505 $370,400
2022 $11,467 $558,733 $195,594 $363,139
2021 $11,286 $547,778 $191,759 $356,019
2020 $12,097 $542,162 $189,793 $352,369
2019 $8,860 $531,533 $186,072 $345,461
2018 $8,255 $521,112 $182,424 $338,688
2017 $9,310 $510,896 $178,848 $332,048
2016 $7,870 $500,881 $175,342 $325,539
2015 $8,271 $493,359 $172,709 $320,650
2014 $8,100 $483,696 $169,326 $314,370
Source: Public Records

Agents Affiliated with this Home

  • Disen Cai

    Buyer's Agent in 2025

    Disen Cai

    KW Advisors

    (650) 622-2156

    4 in this area

    331 Total Sales

    Disen Cai
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Map

Source: MLSListings

MLS Number: ML81988598

MLSListings

APN: 033-166-040

California San Mateo County San Mateo 94402 Downtown San Mateo

813-815 E 5th Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

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