N Delaware Street, San Mateo, California 94401, San Mateo, 94401 - bed, bath
ACTIVE$3,200,000
N Delaware Street, San Mateo, California 94401
0Bed
0Bath
4,084Sqft
11,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: The property consists of two adjoining duplexes, forming a quadruplex, offering multiple rental income streams for investors.
Top Cons:
Property Age & Condition: Built in 1952, the property is over 70 years old, suggesting potential for outdated systems, deferred maintenance, and significant renovation costs to modernize units.
Compared to the nearby listings
Price:$3.20M vs avg $3.12M (+$85,000)67%
Size:4,084 sqft vs avg 4,084 sqft50%
Price/sqft:$784 vs avg $66667%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property is over 70 years old. The listing provides no interior images, particularly for kitchens and bathrooms, which are critical for assessing condition. The property analysis explicitly notes 'outdated systems, deferred maintenance, and significant renovation costs to modernize units.' This strongly suggests the property requires substantial repairs and rehabilitation to meet current living standards and market expectations.
Year Built
1952
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$784
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017680
Home ConditionPoor
Features
Patio
View-
About this home
Marketing Package and additional information available upon request. 127 & 133 N Delaware Street consists of two adjoining duplexes that are available for purchase separately or together.
Condition Rating
Poor
Built in 1952, this property is over 70 years old. The listing provides no interior images, particularly for kitchens and bathrooms, which are critical for assessing condition. The property analysis explicitly notes 'outdated systems, deferred maintenance, and significant renovation costs to modernize units.' This strongly suggests the property requires substantial repairs and rehabilitation to meet current living standards and market expectations.
Pros & Cons
Pros
Income-Generating Asset: The property consists of two adjoining duplexes, forming a quadruplex, offering multiple rental income streams for investors.
Prime San Mateo Location: Situated in San Mateo, a highly desirable Bay Area city, ensuring strong rental demand and potential for property value appreciation.
Significant Lot Size: A substantial 11,500 sqft lot provides potential for future expansion, additional dwelling units (ADUs), or enhanced outdoor amenities.
Flexible Acquisition Options: The option to purchase the duplexes separately or together caters to a wider range of investors with varying capital and strategic goals.
Strong Investment Potential: As a multi-unit residential income property in a high-demand market, it presents a robust opportunity for both rental yield and capital growth.
Cons
Property Age & Condition: Built in 1952, the property is over 70 years old, suggesting potential for outdated systems, deferred maintenance, and significant renovation costs to modernize units.
Limited Upfront Information: The brief description indicates that a 'Marketing Package and additional information available upon request,' implying a lack of readily accessible details on unit configurations, current rents, and property condition for initial assessment.
Potential for High Capital Expenditure: Given its age and multi-unit nature, substantial investment may be required for necessary renovations, system upgrades, and bringing units to competitive market standards, impacting immediate return on investment.