Manning Realty
Michael Manning, Manning RealtyPhone: (408) 218-1628
Email: mlmanning@gmail.com
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listing
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CommercialFor Sale
$2,460,000
1950 Ivy Street
San Mateo, CA 94403
Listed by Neel Bhatia DRE#01464424 neel.bhatia@cbnorcal.com Coldwell Banker Realty
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$12,798/mo

Solid 6 Unit Offering in PRIME San Mateo Location! Property Benefits from Newly Remodeled Unit Featuring New Kitchen & Bath, Newer Double Pane Windows, Newer Electrical Panels, Individual Carport Parking, Individual Gas & Electric Meters, Newer Sewer Line to Street, and On Site Laundry for Additional Income! IDENTICAL property next door, 1950 Ivy Street, just sold this year/2024 for Sale Price of $2,700,000. Seller is Motivated to Sell to Conduct 1031 Exchange. 1950 Ivy Street consists of (5) 1bed/1bth Units & (1) 2bed/1bth Unit with $154K+ in Current In Place Income with the Ability to Increase rents by up to 9% After Close of Escrow! Must See to Appreciate!

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