412 Bellevue AveSan Mateo, CA 94401
- Apartment buildings
- 2,912 SF
For Sale
$2,350,000
View listing
Property Details for 412 Bellevue Ave
- Year built
- 1946
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 2,912 SF
- Zone code
- R30000
- Property type
- Apartment buildings
- APN
- 032-185-020
- APU
- 32185020
Description
This exceptional six-unit apartment building, located at 412 E Bellevue Ave in San Mateo, CA 94401, presents a compelling investment opportunity. Built in 1946 and extensively renovated in 2020, this stabilized property boasts 2,912 square feet on a generous 10,000 square foot lot. The building comprises three one-bedroom, one-bathroom units with a den, and three one-bedroom, one-bathroom units, all currently at 100% occupancy. Recent upgrades include new kitchens featuring high-quality counters, cabinets, and appliances
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,551,972
- 6.5%
- $2,355,667
- 7%
- $2,187,405
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,262,998
- Geo Method
- $1,258,888
-
Alternative Use
- Use
- Valuation
- Residential
- $2,355,667
- Hospitality
- $2,157,778
- Educational
- $1,795,246
- Medical
- $1,856,988
- Retail
- $2,792,605
Location Insight
- City
- San Mateo
- County
- San Mateo
- State
- California
- Latitude
- 37.5748
- Longitude
- -122.332
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,405
$205,818
$480,275
$686,093
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Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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