Duplex with Private Yard
1323 2nd Avenue San Mateo, CA 94401
New
For Sale
$1,199,000
Two separate duplex units offer updated kitchens and bathrooms and private, spacious yard areas on a corner lot.
Property Size1,500 SF
Price / SF$799.33
Days on Market7
Property Features for 1323 2nd Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi Family
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Realty
(408) 828-4024
Listed By:
Neel Bhatia · License #01464424
(408) 828-4024
Source:
Exitrealty
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 29 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
First time on the market since 1973, this duplex in San Mateo is essentially two small homes on one large corner lot measuring 7K+ square feet. The layout features two units: a 3-bedroom, 1-bath unit and a 2-bedroom, 1-bath unit.
Each unit has its own private yard space, providing outdoor separation between the homes. Kitchens and bathrooms have been updated.
The property is presented as a duplex configuration with private yards and an updated interior in both units.
Each unit has its own private yard space, providing outdoor separation between the homes. Kitchens and bathrooms have been updated.
The property is presented as a duplex configuration with private yards and an updated interior in both units.
Key Highlights
- 1950‑built duplex with 2 separate units on one large 7K+ corner lot
- Unit mix: 3 bed/1 bath and 2 bed/1 bath
- Updated kitchens and bathrooms in both units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $37.80 |
| − Vacancy | −$3.1k | −$2.08 |
| EGI | $53.6k | $35.72 |
| − OpEx | −$16.1k | −$10.72 |
| NOI | $37.5k | $25.00 |
1,500 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.8K
$468.8K – $625.1K
NOI $37,507 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$483.7K
$423.2K – $564.3K
NOI $33,858 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$593.3K
$519.1K – $692.2K
NOI $41,530 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate duplex units offer updated kitchens and bathrooms and private, spacious yard areas on a corner lot.
Where is this duplex located?
The property is located at 1323 2nd Avenue San Mateo, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 1950‑built duplex with 2 separate units on one large 7K+ corner lot; Unit mix: 3 bed/1 bath and 2 bed/1 bath; Updated kitchens and bathrooms in both units
