1401-1403 Cary Ave 2 Unit Apartment Building $1,650,000 ($825,000/Unit) 3.91% Cap Rate San Mateo, CA 94401

1401-1403 Cary Avenue in San Mateo is a well-maintained duplex situated on a spacious .13 acre 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. The property is within walking distance to Shoreview Shopping Center, a bustling retail hub offering a variety of services and amenities. Anchored by Chavez Supermarket, the center includes tenants such as O'Reilly Auto Parts, Round Table Pizza, Subway, beauty salons, laundry facilities, and various restaurants. Located in the heart of San Mateo, this duplex benefits from its proximity to top-rated schools, vibrant dining, and endless recreational opportunities. The area is known for its charming neighborhoods, strong job market, and convenient access to major highways, including Highways 101, 92, and 280, making commutes to San Francisco, Silicon Valley, and beyond seamless. Nearby, residents can enjoy Central Park, Hillsdale Shopping Center, and the bustling downtown district, filled with boutique shops, restaurants, and entertainment. With its prime location and strong rental demand, 1401-1403 Cary Avenue is an excellent addition to any investor's portfolio or a perfect opportunity for an owner looking to offset mortgage costs with rental income.