NOT LISTED FOR SALE

923 E 5th Ave San Mateo, CA 94402

Downtown San Mateo Neighborhood

Estimated Value: $1,971,000 - $2,489,902

6 Beds
4 Baths
3,385 Sq Ft
$645/Sq Ft Est. Value

Last Sold March 14, 2023

Last sale price $1,830,000 $541 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $13,424/month

6 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • 2 Car Attached Garage
  • Borel Middle School Rated A-
  • Balcony
  • Forced Air Heating System

About This Home

As of March 2023

Tree-lined residential streets lead to this charming duplex located right outside of downtown San Mateo. A portico entry welcomes you inside the front unit, 923. A spacious living room with an adorable arched doorway leads to the hallway, where a hall bath accompanies 2 bedrooms, and an eat-in kitchen provides gorgeous features and access to the shared garage. Follow the rest of the elongated drive to the back unit, 925. Inside, an airy entryway includes a powder room and dedicated laundry space. Similar to 923, the bottom floor presents a large living room, an eat-in kitchen, 2 bedrooms, and a hall bath. Upstairs, a generous loft, 2 additional bedrooms, and a hall bath are thoughtfully tucked away from the rest of the home. Desirably located, enjoy the comfort of a quiet neighborhood, while benefiting from the proximity to thriving downtown San Mateo. Enjoy all the neighboring cities across the bay with ample access to HWYS 101 and 82, as well as CalTrain.

Last Agent to Sell the Property

Caroline Huo

KW Advisors License #70010141 Listed on: 02/10/2023

KW Advisors

Last Buyer's Agent

Sasai Zhang

Redfin License #01975058

Redfin

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 5,650 Sq Ft Lot
  • Grass Covered Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,385 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Granite Countertops

Flooring

  • Wood
  • Laminate

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $82,800

Community Details

Overview

  • 3,385 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,540
  • Insurance Expense $1,452
  • Maintenance Expense $875
  • Manager Expense $1,800
  • Utility Expense $890
  • Operating Expense $12,035
  • Gross Income $78,660

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3385
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Granite, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3385
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Shingle
  • Yard/Grounds: Balcony / Patio, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

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

Schools

  • High School: 602

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): Month To Month
  • Gross Rent Multiplier: 21.74
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1452
  • Expense Landscape: 1540
  • Expense Maintenance: 875
  • Expense Management: 1800
  • Expenses Total: 12035
  • Expenses Utility: 890
  • Income Annual Gross: 78660.00
  • Income Annual Rental: 82800
  • Income Gross Scheduled: 82800
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Mar 5, 2023
Sold by
Leung Yuen Tom Survivors Trust and Chin Yim-Ping Leung
Bought by
Cunningham Anna and Liu Jinchin
Seller's Agent
Caroline Huo
KW Advisors
Buyer's Agent
Sasai Zhang
Redfin
List Price
$1,800,000
Sold Price
$1,830,000
Premium/Discount to List
$30,000
1.67%
Views
27
Current Estimated Value
$2,183,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,976
Avg. Annual Appreciation
6.54%
Original Mortgage
$980,000
Outstanding Balance
$947,826
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$1,236,150

Purchase Details

Closed on
Jul 25, 2013
Sold by
Chin Yim Ping Leung and Tom Family 1993 Trust
Bought by
Chin Yim Ping Leung and Leung Yuen Tom Survivors Trust

Purchase Details

Closed on
Mar 6, 2012
Sold by
Tom Leung Yuen and Tom Shiu Yung
Bought by
Tom Shiu Yung and Chin Yim Ping Leung
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Cunningham Anna $1,830,000 First American Title
Chin Yim Ping Leung -- None Available
Tom Shiu Yung -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cunningham Anna $980,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2023 03/14/23 Sold $1,830,000 +1.7% $541 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $1,800,000 -- $532 / 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 $23,786 $1,903,932 $1,092,420 $811,512
2023 $23,786 $248,153 $32,921 $215,232
2022 $5,478 $243,288 $32,276 $211,012
2021 $5,927 $238,519 $31,644 $206,875
2020 $5,456 $236,074 $31,320 $204,754
2019 $5,276 $231,446 $30,706 $200,740
2018 $4,379 $226,908 $30,104 $196,804
2017 $4,215 $222,460 $29,514 $192,946
2016 $3,869 $218,099 $28,936 $189,163
2015 $4,059 $214,824 $28,502 $186,322
2014 $3,722 $210,617 $27,944 $182,673
Source: Public Records

Agents Affiliated with this Home

  • Caroline Huo

    Seller's Agent in 2023

    Caroline Huo

    KW Advisors

    (650) 558-6846

    2 in this area

    106 Total Sales

    Caroline Huo
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Map

Source: MLSListings

MLS Number: ML81918602

MLSListings

APN: 033-165-020

California San Mateo County San Mateo 94402 Downtown San Mateo

923 E 5th Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

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