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14011403 Cary Avenue, San Mateo, California 94401, San Mateo, 94401 - bed, bath

14011403 Cary Avenue, San Mateo, California 94401 home-pic-0
ACTIVE$1,675,000
14011403 Cary Avenue, San Mateo, California 94401
0Bed
0Bath
2,324Sqft
5,500Lot
Year Built
1950
Close
-
List price
$1.68M
Original List price
$1.85M
Price/Sqft
$721
HOA
-
Days on market
-
Sold On
-
MLS number
ML81993977
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.68M(50th), sqft - 2324(33th), beds - undefined(50th), baths - undefined(50th).

1401-1403 Cary Avenue in San Mateo is a well-maintained duplex situated on a spacious 5,479 SF lot, offering an excellent investment or owner-occupant opportunity. Built in 1950, the property features two updated units: a vacant 3-bedroom, 1-bathroom unit and an occupied 2-bedroom, 1-bathroom unit generating $3,300 per month in rental income. Both units have been thoughtfully upgraded with modern kitchens and bathrooms, providing contemporary comfort while maintaining the charm of the original construction. Each living room is highlighted with 12-foot ceilings and traditional fireplaces. With tenants responsible for all expenses, this property presents a low-maintenance income-producing asset in a desirable location.

Price History

Date
Event
Price
11/12/25
Price Change
$1,675,000-1.4%
09/05/25
Price Change
$1,698,000
02/13/25
Listing
$1,850,000
Condition Rating
Fair
While the kitchens and bathrooms have been thoughtfully upgraded with modern finishes, stainless steel appliances, and contemporary styling, the property was built in 1950. The description and property analysis highlight the potential for aging core systems (plumbing, electrical, roof) despite cosmetic updates. This suggests that while key visible areas are updated, the underlying infrastructure is older, preventing an overall 'Good' rating where major systems are expected to be within their expected lifespan. The home is well-maintained and functional, but the age of the major components points to a 'Fair' condition.
Pros & Cons

Pros

Versatile Investment Opportunity: Offers immediate rental income from one unit ($3,300/month) and a vacant unit for owner-occupancy or market-rate leasing, appealing to both investors and owner-occupants.
Desirable San Mateo Location: Situated in a high-demand San Mateo market, known for strong property values and rental demand.
Modernized & Well-Maintained Units: Both units feature thoughtfully upgraded modern kitchens and bathrooms, minimizing immediate renovation costs for a new owner.
Architectural Character: High 12-foot ceilings and traditional fireplaces in living rooms add unique charm and appeal, enhancing the property's aesthetic value.
Low-Maintenance Income Stream: Tenants are responsible for all expenses, positioning the property as a relatively hands-off, income-producing asset.

Cons

Recent Price Reductions: Multiple price drops from the original list price suggest potential market resistance or an initial overvaluation, which could impact perceived value or future appreciation.
Older Infrastructure Potential: Built in 1950, despite cosmetic upgrades, the property may have aging core systems (e.g., plumbing, electrical, roof) that could require significant capital expenditures in the long term.
Limited Bathroom Count: Both units are equipped with only one bathroom, which may be a functional limitation for larger households, particularly the 3-bedroom unit, potentially affecting tenant desirability or rental rates.

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