1946 Ivy ST, San Mateo, CA 94403

$2,700,000
4,428
SqFt

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Listed by Neel Bhatia, 408-828-4024 from Coldwell Banker Realty
(If provided) CoList: from

Sold listing courtesy of Neel Bhatia from CBR

Sold Price
$2,700,000
List Price
$2,798,000
Closing Date
Jan 29, 2024
MLS#
ML81947226
Status
SOLD
Sqft. of Residence
4,428
Lot Size
5,700
Listing Area
Fiesta Gardens Etc.
Year Built
1958

Property Description

SELLER FINANCED SALE! Ride Out the Current High Interest Rate Environment for the next Four Years and Assume a 4.25% INTEREST ONLY note with only 28% Percent Down Needed! Loan of $2,000,000 Must be Assumed and is Due on October of 2027. Strong In Place income of over $160K! Many Remodeled Units! New Commercial Water Heater, Great Tenants, 100% Occupied. 1946 Ivy Street is Located in a Prime San Mateo/Mid Peninsula Location on a Quiet Tree Lined Street Just South of Downtown. Must See to Appreciate! Seller Open to Wait for Buyer to Conduct 1031 Exchange.

Additional Information

Acres
0.13
Age
65
Cooling System
None
Foundation
Concrete Perimeter
Garage Parking
Carport
Heating System
Wall Furnace
Living Area
4,428
Lot Size
5,700
Neighborhood
Fiesta Gardens Etc.
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Tar and Gravel
Sewer
Sewer Connected
Unincorporated Yn
Yes
Zoning
R3

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