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2005 Parrott Drive, San Mateo, California 94402, San Mateo, - bed, bath

home-pic
ACTIVE$2,588,888
2005 Parrott Drive, San Mateo, California 94402
0Bed
0Bath
4,840Sqft
8,375Lot
Year Built
1976
Close
-
List price
$2.59M
Original List price
$2.89M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82010044
Home ConditionFair
Features
Patio
View-

About this home

Fantastic 3-unit residential income property located directly across from the vibrant Crystal Springs Village shopping center in the desirable Baywood Park area. Just 1/3 of a mile from Highway 92, this location offers quick & easy freeway access for commuters. Each unit benefits from proximity to top-rated schools, making it an appealing option for tenants w/ families. Additionally, you're just minutes from numerous parks & scenic hiking trails, perfect for outdoor recreation & weekend adventures. Properties like this are rarely available in this neighborhood SO DON'T WAIT! Inside each unit, you'll discover immaculate bathrooms, comfortable bedrooms, soaring ceilings, & sunlit living areas enhanced by oversized windows and glass doors, plus many thoughtful details throughout w/ a well-appointed kitchen in each. Unit A features 3 beds/2.5 baths - Unit B features 1 bed/1 bath - Unit C features 2 beds/2 baths. Unit A has a sizable patio while units B & C both have balconies. The building offers multiple carports along with an attached garage for added convenience & ample parking. If you're in the market for an income-generating property in one of the most desirable locations, look no further than 2005 Parrott Dr. (NOTE: 4,840 SqFt may include common / shared areas at the complex).

Nearby schools

5/10
Highlands Elementary School
Public,•K-5•0.7mi
9/10
South Hillsborough School
Public,•K-5•2.8mi
6/10
Borel Middle School
Public,•6-8•2.1mi
9/10
Crocker Middle School
Public,•6-8•3.4mi
8/10
Aragon High School
Public,•9-12•2.1mi

Price History

Date
Event
Price
09/05/25
Price Change
$2,588,888
06/06/25
Listing
$2,888,888
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds00
Baths00
Square foot4,8403,566
50%
Lot Size8,3756,425
75%
Price$2.59M$1.79M
75%
Price per square foot$535$588
50%
Built year19769770979
100%
HOA
Days on market152143
50%
Condition Rating
Fair
The property was built in 1976, making it 48 years old. While the description highlights 'immaculate bathrooms' and 'well-appointed kitchens,' the images reveal that these areas, along with appliances, light fixtures, and some flooring, are significantly dated in style, likely original or from very early renovations. The kitchen features older wood cabinets and white appliances, and bathrooms have dated vanities and tile. However, all components appear clean, functional, and well-maintained, with no visible signs of disrepair or major system failures. The property is move-in ready but would require substantial cosmetic updates to meet modern aesthetic standards, aligning with the 'Fair' condition of being aged but maintained, with functional but outdated major components.
Pros & Cons

Pros

Income-Generating Triplex: This property is a fantastic 3-unit residential income property (triplex), offering a direct investment opportunity with diversified rental income streams from its 3-bed, 1-bed, and 2-bed units.
Prime Location & Accessibility: Strategically located directly across from the vibrant Crystal Springs Village shopping center in the desirable Baywood Park area, with quick and easy freeway access (1/3 mile from Highway 92) for commuters.
Strong Tenant Appeal: The property's proximity to top-rated schools, numerous parks, and scenic hiking trails makes it highly appealing to families and outdoor enthusiasts, ensuring a strong tenant pool.
Well-Appointed Unit Interiors: Each unit boasts immaculate bathrooms, comfortable bedrooms, soaring ceilings, sunlit living areas with oversized windows and glass doors, and well-appointed kitchens, enhancing tenant desirability.
Ample Parking & Private Outdoor Spaces: The building provides multiple carports and an attached garage for convenient and ample parking, complemented by a sizable patio for Unit A and balconies for Units B & C, offering private outdoor enjoyment.

Cons

Age of Building & Unspecified Major System Updates: Built in 1976, the property is nearly 50 years old, and while interior aesthetics are highlighted, there's no mention of recent upgrades to critical systems (e.g., roof, HVAC, plumbing, electrical), which could lead to significant future capital expenditures.
Potential for Noise/Traffic from Commercial Proximity: Being 'directly across from the vibrant Crystal Springs Village shopping center' implies convenience but also a potential for increased noise, traffic, and reduced privacy for tenants, which might be a drawback for some.
Ambiguity in Property Structure/Shared Costs: The note that '4,840 SqFt may include common / shared areas at the complex' raises questions about whether this is a standalone triplex or part of a larger development with potential HOA fees or shared maintenance responsibilities not detailed, impacting investor clarity.

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