CA
San Mateo
SAN MATEO
94403
1950 Ivy Street
1950 Ivy Street, SAN MATEO, CA 94403
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Listing Type
Multi Family
Listing Status
active
18
$2,400,000

Home Details for 1950 Ivy Street

Price
$2,400,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
4428
Year built
1958
Lot size acres
0.1301
County
San Mateo
Garage
Days on site
47
MLS Listing#
ML82021454
Listed By: Hello Hello Bay Area - 408-431-5684
Listed By: Regina Zabarte
Property Description

Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo, CA. Calling All Cash & Stock Rich Investors! Tired of renting? Become a landlord overnight with this simple, ready-to-rent 6-unit apartment building in family-friendly San Mateo! Cozy units in a quiet neighborhood near parks, schools, and tech jobs. Tenants love it, and you'll love the steady checks. No fancy skills needed; just buy, collect rent, and relax. Benefits for You Over the Next 5 Years (Buying at ~$2.4M) Passive Income Stream: Expect around $200,000+ yearly gross rent (based on San Mateo's average $3K-$3,600/month per unit). After basic costs, pocket $100,000 to $140,000 net annually over $500,000 in 5 years to cover bills or vacations! Property Value Growth: Bay Area homes like this could appreciate 2%-4% yearly (conservative forecast amid tech boom and low inventory). Your $2.4M investment might hit $2.7M$3M by 2030, adding $300K - $600K in equity without lifting a finger. Build Wealth Simply: Pay down a mortgage with tenant money, gain tax breaks on depreciation, and enjoy a secure asset in a hot market. No stock market risks. Just reliable real estate in a growing area near Silicon Valley jobs and great schools for long-term stability.

Property Features
  • Cooling Information
    • Central Air
    • Gas
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
  • Utilities
    • Cable Available
  • Parking
    • Carport
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-10-13 14:01:04
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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