1401 Cedarwood Drive

1401 Cedarwood Drive


San Mateo, CA 94403

$2,538,000 Marketing Sheet

The Gustavson Group of Compass Commercial is pleased to announce the exclusive listing of possibly the most luxurious duplex in all of The City of San Mateo. -- Located on a massive 10,000 square foot corner lot, directly across the street from Laurelwood Park; this duplex is comprised of one (1) 3-Bedroom/2-Bathroom unit at 1,900 square feet of livable space each and one (1) 2-Bedroom/2-Bathoom unit at 1,480 square feet of livable space, along with a 445 square foot private two-car garage for each unit.   Both units have been recently remodeled, and are tenanted at $3,599/month, and $4,495 per month, respectively. 

The tenants pay ALL utilities direclty, including the water bill, and the sewer lateral line has passed its clearance test.  Both units are on month-to-month tenancy, and both have private backyards.  The property is located in the Laurelwood Park Neighborhood, and is a short-walk away from Laurelwood Shopping Center, two miles from Hillsdale Shopping Center, with easy access to Highway 92, and Interstate 280.   

Cap Rate: 2.00% NOI: $50,879 Livable Sq. Ft: 4,378

Built in 1975 2 units Lot Sq. Ft: 10,000

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