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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
Questions?

1950 Ivy Street, San Mateo – $2,400,000

  • $2.4M Price
  • .13 Acres
  • 11 DOM
  • $2.4M Price
  • .13 Acres
  • 11 DOM

1950 Ivy Street

Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo, CA. Tired of renting? Become a landlord overnight with this simple, ready-to-rent 6-unit apartment building in family-friendly San Mateo! Cozy units in a quiet neighborhood near parks, schools, and tech jobs. Tenants love it, and you'll love the steady checks. No fancy skills needed; just buy, collect rent, and relax. Priced at just $2.4M your smart start to financial freedom! Benefits for You Over the Next 5 Years (Buying at ~$2.4M) Passive Income Stream: Expect around $200,000+ yearly gross rent (based on San Mateo's average $3K-$3,600/month per unit). After basic costs, pocket $100,000 to $140,000 net annually over $500,000 in 5 years to cover bills or vacations! Property Value Growth: Bay Area homes like this could appreciate 2%-4% yearly (conservative forecast amid tech boom and low inventory). Your $2.4M investment might hit $2.7M$3M by 2030, adding $300K - $600K in equity without lifting a finger. Build Wealth Simply: Pay down a mortgage with tenant money, gain tax breaks on depreciation, and enjoy a secure asset in a hot market. No stock market risks. Just reliable real estate in a growing area near Silicon Valley jobs and great schools for long-term stability.

Essential Information

  • MLS® #ML82021454
  • Price$2,400,000
  • Bathrooms0.00
  • Acres0.13
  • Year Built1958
  • TypeCommercial Sale
  • StatusActive

Community Information

  • Address1950 Ivy Street
  • Area699 - Not Defined
  • CitySan Mateo
  • CountySan Mateo
  • Zip Code94403

Interior

  • HeatingWall Furnace
  • CoolingGas

Exterior

  • RoofComposition

School Information

  • DistrictOther

Additional Information

  • Date ListedSeptember 15th, 2025
  • Days on Market11
  • ZoningMulti Family Residential

Listing Details

  • AgentRegina Zabarte
  • OfficeHello Hello Bay Area
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Regina Zabarte, Hello Hello Bay Area.

Based on information from California Regional Multiple Listing Service, Inc. as of September 26th, 2025 at 5:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.