14011403 Cary Avenue, San Mateo, California 94401, San Mateo, - bed, bath
ACTIVE$1,698,000
14011403 Cary Avenue, San Mateo, California 94401
0Bed
0Bath
2,324Sqft
5,500Lot
Year Built
1950
Close
-
List price
$1.7M
Original List price
$1.85M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81993977
Home ConditionExcellent
Features
Patio
View-
About this home
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
09/05/25
Price Change
$1,698,000
02/13/25
Listing
$1,850,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,324 | 3,502 | 50% |
| Lot Size | 5,500 | 6,650 | 50% |
| Price | $1.7M | $2.41M | 50% |
| Price per square foot | $731 | $698.5 | 50% |
| Built year | 1950 | 9620975 | 100% |
| HOA | |||
| Days on market | 265 | 185 | 50% |
Condition Rating
Excellent
Despite being built in 1950, the property has undergone extensive and recent renovations, particularly in the critical areas of the kitchen and bathrooms. The kitchens feature modern shaker-style cabinetry, stainless steel appliances, contemporary countertops, and stylish backsplashes. Bathrooms are updated with modern vanities, fixtures, and tiled showers. The overall interior presents as virtually new with fresh paint, updated flooring (laminate and carpet), and no visible deferred maintenance, meeting current quality standards and offering contemporary comfort.
Pros & Cons
Pros
Income-Generating Duplex: The property is a well-maintained duplex offering an excellent investment or owner-occupant opportunity, with one unit currently generating $3,300 per month in rental income.
Modernized Interiors: Both units have been thoughtfully upgraded with modern kitchens and bathrooms, providing contemporary comfort and reducing immediate renovation needs for a new owner.
Strategic Vacancy: The 3-bedroom unit is vacant, offering immediate flexibility for an owner-occupant or the opportunity to set market-rate rent for maximum income potential.
Low Owner Maintenance: Tenants are responsible for all expenses, positioning this property as a low-maintenance asset for the owner, simplifying management.
Desirable Location: Situated in a desirable San Mateo neighborhood, the property benefits from strong rental demand and potential for long-term appreciation.
Cons
Property Age: Built in 1950, the property, despite updates, may eventually require significant capital expenditures for major systems (e.g., roof, plumbing, electrical) inherent to older constructions.
Limited Bathrooms: Both units are equipped with only one bathroom, which can be a functional limitation, particularly for the 3-bedroom unit, potentially impacting tenant appeal or family suitability.
Broad Tenant Expense Clause: While beneficial for the owner, the clause stating 'tenants responsible for all expenses' is broad and could deter some prospective tenants or lead to disputes over interpretation of responsibilities.