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$1,550,000   Price Analysis
Agent Details  share icon     map icon  QR
450 State St
San Mateo, CA 94401
3 bed 2 bath 2,070 SqFt ($748/SqFt)
5,875SqFt lot. Built 1948
Listed 2024-06-01, Taxes $9,526
Ⓧ USDA Ineligible
due to price & location

near San Mateo

Attention Investors!

* No Longer For Sale *
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Discover a remarkable opportunity with this updated and meticulously maintained duplex, ideally situated between the vibrant downtowns of San Mateo and Burlingame. Located near fitness studios, scenic trails and 5 minutes from Coyote Point, this property is sure to captivate discerning tenants. Alternatively, you might choose to live in one unit and rent out the other, as it truly is that exceptional. Each unit offers its own washer and dryer, a cozy fireplace, private outdoor space and a one-car garage with epoxy flooring.

Recent upgrades include contemporary kitchens and bathrooms, as well as stylish Pergo flooring. Generous closet and cabinet space. Elegant wainscoting walls and lower Hopper windows with wood fronts and screens infuse each unit with classic charm. Fresh exterior and interior paint enhance the appeal. Front Unit: 2 Bed, 1 Bath Rear Unt: 1 Bed, 1 Bath Perfectly positioned for easy commuting across the Bay Area, with Caltrain within biking or walking distance, this duplex offers the ideal blend of convenience and charm. Enjoy the vibrant lifestyle and exceptional amenities this property provides. Easy, convenient and enjoyable living awaits!


Presented by Chris Eckert at
Kw Peninsula Estates.
Listing Agent Photo

Property MLS #ML81967987 from MLSListings

Bedrooms: 3

Walk-in Closet
Flooring: Laminate, Tile

Walk-in Closet
Laundry Features: Washer / Dryer

Cooktop - Gas
Dishwasher
Freezer
Hood Over Range
Pantry Cabinet
Refrigerator

Full Bathrooms: 2

Heating Features: Central Forced Air - Gas Heating

Extra Room-1 Description: Laundry Room, Office Area

Lot Size Acres: 0.1348714
Lot Size Source: Assessor
Lot Size Square Feet: 5875

Garage Spaces: 2
Parking Features: Attached Garage
Parking Total: 2

Yard: Back Yard, Balcony / Patio, BBQ Area, Deck , Gazebo, Sprinklers - Auto

Walk-in Closet
Horse Amenities: No

Association: No
Calculated Total Monthly Association Fees: 0
Gardener Expense: 2400
Maintenance Expense: 3780

Number of Buildings: 1
Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 3500
Unit 2 Total Actual Rent: 2800

Elementary School: Park Elementary
Elementary School District: San Mateo-Foster City Elementary
High School: San Mateo High
High School District: San Mateo Union High
Middle School: Borel Middle

San Mateo High School is a public high school located approximately 0.2 miles away.
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San Mateo Park Elementary School is a public elementary school located approximately 0.8 miles away.
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Borel Middle School is a public middle school located approximately 2 miles away.
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Pacific Rim International School is a private elementary, middle and high school located approximately 0.2 miles away.
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Gross Scheduled Income: 75600
Income Includes: Rents

Annual Tax Amount: 19375
Source Listing Status: Sold
County: San Mateo
Cross Street: N Claremont Street
Source Property Type: Residential Income (2-4 units)
Inclusions: Dishwasher - Some Units, Oven/Range - All Units, Refrigerator - All Units, Updated Bath(s) - All Units, Updated Kitchen - All Units
Insurance Expense: 1704
Area: Eastern Addition/Downtown Area
Source Neighborhood: Eastern Addition/Downtown Area
Parcel Number: 032-132-120
Postal City: SAN MATEO
Zoning: R20000
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$414,666 + $177,704
$592,370
$9,526
2021$406,536 + $174,220
$580,756
$9,166
2020$402,368 + $172,434
$574,802
$8,613
2019$394,479 + $169,053
$563,532
$8,274
2018$386,745 + $165,739
$552,484
$7,653
2017$379,162 + $162,490
$541,652
$7,692
2016$371,728 + $159,304
$531,032
$7,450
2015$366,145 + $156,912
$523,057
$7,247
2014$358,973 + $153,839
$512,812
$7,101
2013$357,351 + $153,144
$510,495
$7,128
2012$350,345 + $150,142
$500,487
$6,849
2011$343,476 + $147,199
$490,675
$6,779
2010$340,909 + $146,099
$487,008
$6,626
2009$341,719 + $146,447
$488,166
$6,334
2008$335,019 + $143,576
$478,595
$6,222
2007$328,450 + $140,761
$469,211
$5,829

Listed 2024-07-10
$1,550,000
MLSListings
Sold 2024-07-09
$1,660,000
MLSListings
Listed 2024-06-01
$1,550,000
MLSListings
Sold 1989-02-27
$335,000
Public Record
Sold 1979-05-01
$103,000
Public Record

Operating Expense: 27259
Operating Expense Includes: Fee - Property Tax, Insurance, Maintenance

Total Square Feet Living: 2070
Year Built: 1948
Foundation Details: Concrete Perimeter
Property Age: 76
Roof: Tar and Gravel
Levels or Stories: 1
Total Area Sqft: 2070
Year Built Source: Assessor

Amenities Misc.: Walk-in Closet

Sewer: Sewer - Public
Public Utilities
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.