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$2,380,000

Sale Pending
3057 Baze Rd, San Mateo, CA 94403
4 Beds
4 Baths
2,458 Square Feet
0.00 Acres Lot
Built in 2017
Sale Pending
74 Units
Checked: 1 day ago
Updated: Jul 17, 2025 at 04:43AM

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
-$6,855
Cap Rate
2.6%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.5%

Property Description


0.00 Acres Lot
Built in 2017
Sale Pending
74 Units

Custom upgraded Meadow Walk end-unit home 2-blocks from Paddock Park with plentiful natural light. Open and versatile main floor with living, dining, and kitchen naturally flowing from one room to the next. Quartz counters, a large island, Bertazzoni appliances, Samsung dual-zone refrigerator, and designer cabinetry for storage. Upstairs there are 3 bedrooms with generous built-in storage. Master suite features a large walk-in closet with deluxe organizers, double vanities, and an oversized shower with rain bath system. An extra large master suite downstairs with a walk-in closet doubles as the perfect work-from-home enclave, guestroom or entertainment room. The entire home is equipped with recessed lighting with smart home dimmers, custom blinds & drapes, and ethernet wiring. Large epoxy-finished 2-car garage with 220V EV port (100K+ upgrades). Coveted Bay Meadow location within a short walk to Hillsdale Mall, Caltrain baby bullet station, multiple parks, Nueva School, Whole Foods, Blue Bottle Coffee, Fieldwork Beer Garden, and many more.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 3

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • Association: Meadow Walk Homeowners & Bay Meadows Com
  • HOA Fee: $478/monthly
  • Additional Association: Meadow Walk

Land Information

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

Lot Information

  • Parcel ID: 124440040
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2017

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: San Mateo

Listing Details


Listed by:
Sophia Wong
KW Advisors
(408) 438-2902

Source:
bridgeMLS
MLS#: ML82011577
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
-$6,855
Cap Rate
2.6%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.5%

Purchase Details

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Purchase price:
$2,380,000
Amount financed:
-$1,904,000
Down payment:
$476,000
Closing costs:
$71,400
Rehab costs:
$0
Initial cash invested:
$547,400
Square feet:
2,458
Cost per square foot:
$968
Monthly rent per square foot:
$3.34

Financing Details

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Loan amount:
$1,904,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$12,035
Property tax:
$0
Insurance:
$574
Private mortgage insurance (PMI):
$0
Monthly payment:
$12,609

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$8,200 $98,400
Vacancy loss: (6%)
6% -$492 -$5,904
Operating income:
$7,708 $92,496

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$574-$6,888
Property management: (8%)
8%-$656-$7,872
Repairs & maintenance: (5%)
5%-$410-$4,920
Capital expenditures: (5%)
5%-$410-$4,920
HOA fees: (6%)
6%-$478-$5,736
Total operating expenses: (31%)
31%-$2,528-$30,336

Cash Flow


Monthly Yearly
Net operating income:
$5,180 $62,160
Mortgage payments:
-$12,035 -$144,420
Cash flow:
$6,855 $82,260