NOT LISTED FOR SALE

849 9th Ave San Mateo, CA 94402

Downtown San Mateo Neighborhood

Estimated Value: $2,125,000 - $2,364,912

12 Beds
8 Baths
5,083 Sq Ft
$441/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $2,388,000 $470 Per Sq Ft

Current estimated payment $13,834/month

7 Days on Market

Highlights

  • 4 Car Garage
  • Storage Room
  • Forced Air Heating System
  • Borel Middle School Rated A-

About This Home

As of June 2024

849 9th Avenue presents an excellent opportunity to purchase a quadruplex in the heart of San Mateo. The property consists of four large townhome-style residential units, each with two levels, a private one-car garage and storage. Two of the units feature direct access to parking. The central location of the property provides tenants with easy access to the best San Mateo has to offer, including downtown dining, shopping, and entertainment. Also nearby is Central Park, with a host of recreational options. The property location provides convenient commuter access to Caltrain, 101, 92 and 280. The property presents tremendous value and upside.

Last Agent to Sell the Property

Mark Campana

Anchor Realty License #01120251 Listed on: 05/02/2024

Last Buyer's Agent

Peggy Wang

Block Change Real Estate License #02081527

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 6,399 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,083 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $150,540

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $5,000
  • Insurance Expense $2,984
  • Maintenance Expense $4,000
  • Other Expense $4,130
  • Utility Expense $11,012
  • Trash Expense $3,718
  • Operating Expense $59,008
  • Gross Income $150,540

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Parking

4

Listing Details

  • Zoning: R2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5083
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 5083
  • Stories: 2
  • Laundry: Hookups Only
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, Detached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1469
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.57
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2984
  • Expense Landscape: 5000
  • Expense Maintenance: 4000
  • Expenses Other: 4130
  • Expenses Total: 59008
  • Expenses Utility: 11012
  • Expense Trash: 3718
  • Income Annual Gross: 150540.00
  • Income Annual Rental: 150540
  • Income Gross Scheduled: 150540
  • Income Includes: Parking, Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Jun 10, 2024
Sold by
Best Ilissa S and Lev Family Trust
Bought by
Cheung Family Trust and Cheung
Seller's Agent
Mark Campana
Anchor Realty
Buyer's Agent
Peggy Wang
Block Change Real Estate
List Price
$2,495,000
Sold Price
$2,388,000
Premium/Discount to List
-$107,000
-4.29%
Views
18
Current Estimated Value
$2,398,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,947
Avg. Annual Appreciation
-3.97%
Original Mortgage
$600,000
Outstanding Balance
$592,632
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$1,649,096

Purchase Details

Closed on
Dec 20, 2002
Sold by
Lev Phillip M
Bought by
Lev Phillip M and The Lev Family Trust
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

Date Buyer Sale Price Title Company
Cheung Family Trust $2,388,000 Wfg National Title Insurance C
Lev Phillip M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Family Trust $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $2,388,000 -4.3% $470 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $2,495,000 -- $491 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $15,621 $2,435,760 $1,458,600 $977,160
2023 $15,621 $413,608 $82,703 $330,905
2022 $13,263 $405,499 $81,082 $324,417
2021 $15,822 $397,549 $79,493 $318,056
2020 $13,927 $393,473 $78,678 $314,795
2019 $12,183 $385,759 $77,136 $308,623
2018 $10,649 $378,196 $75,624 $302,572
2017 $10,815 $370,782 $74,142 $296,640
2016 $12,704 $363,513 $72,689 $290,824
2015 $12,765 $358,054 $71,598 $286,456
2014 $10,395 $351,041 $70,196 $280,845
Source: Public Records

Agents Affiliated with this Home

  • Mark Campana

    Seller's Agent in 2024

    Mark Campana

    Anchor Realty

    (415) 205-4370

    1 in this area

    32 Total Sales

    Mark Campana
    Section Image
  • Peggy Wang

    Buyer's Agent in 2024

    Peggy Wang

    Block Change Real Estate

    (408) 850-6900

    1 in this area

    38 Total Sales

    Peggy Wang
    Section Image
  • Ngan Nguyen

    Buyer Co-Listing Agent in 2024

    Ngan Nguyen

    Block Change Real Estate

    (408) 886-0677

    1 in this area

    35 Total Sales

    Ngan Nguyen
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81963996

MLSListings

APN: 033-294-120

California San Mateo County San Mateo 94402 Downtown San Mateo

849 9th Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

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