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$774,000

For Sale - Active
1 Mandalay Pl Unit 603, South San Francisco, CA 94080
1 Bed
1 Bath
907 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
112 Units
Checked: 11 hours ago
Updated: Jul 29, 2025 at 06:14AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,311
Cap Rate
2.5%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.1%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
112 Units

Possible Seller Financing - Experience the pinnacle of high-rise living in stunning 1-bed, 1-bath condo, offering 907 sq ft w/a large 100+ sq ft private balcony (1 of 6 in the entire Bldg). From the moment you enter the grand lobby, the ambiance of luxury is undeniable. A bright & airy lounge welcomes you before you ascend to the peaceful heights of the 6th floor. Inside, the open-concept living & dining areas are bathed in natural light, offering high ceilings, crown molding & newer laminate flooring, all showcasing the sweeping mountain view. The kitchen features sleek designer cabinetry, granite countertops, & premium appliances. Enjoy a charming alcove, ideal for a home office or reading nook. Additional conveniences include an in-unit washer/dryer, 2 dedicated parking spaces, 1 secure storage unit, & ample guest parking. Resort-style amenities elevate the living experience, with a fully equipped fitness center, business lounge, elegant clubroom, & a scenic back patio. The secured building offers key fob access, a package room for peace of mind. Near HWY101 for seamless commutes to SF or Silicon Valley, prime location also offers easy access to Marina Park & direct entry to the breathtaking San Bruno Mountain Ridge trail. Your elevated lifestyle awaits a scheduled tour today!

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Location


Property Details


Parking

  • Description: Gated, Guest
  • Details: Guest, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Foundation: Other

HOA

  • Has HOA: Yes
  • HOA Fee: $674/monthly
  • Additional Association: Peninsula Mandalay Owners Association

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 104370030
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary
  • Year Built: 2004

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air
  • Cooling: None

Location

  • County: San Mateo

Listing Details


Listed by:
Alan Canas
Engel & V lkers
(415) 298-8940

Source:
bridgeMLS
MLS#: ML81998118
bridgeMLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,311
Cap Rate
2.5%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.1%

Purchase Details

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Purchase price:
$774,000
Amount financed:
-$619,200
Down payment:
$154,800
Closing costs:
$23,220
Rehab costs:
$0
Initial cash invested:
$178,020
Square feet:
907
Cost per square foot:
$853
Monthly rent per square foot:
$3.64

Financing Details

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Loan amount:
$619,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$3,914
Property tax:
$0
Insurance:
$231
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,145

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,300 $39,600
Vacancy loss: (6%)
6% -$198 -$2,376
Operating income:
$3,102 $37,224

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$231-$2,772
Property management: (8%)
8%-$264-$3,168
Repairs & maintenance: (5%)
5%-$165-$1,980
Capital expenditures: (5%)
5%-$165-$1,980
HOA fees: (20%)
20%-$674-$8,088
Total operating expenses: (45%)
45%-$1,499-$17,988

Cash Flow


Monthly Yearly
Net operating income:
$1,603 $19,236
Mortgage payments:
-$3,914 -$46,968
Cash flow:
$2,311 $27,732