Property Overview:
1401-1403 Cary Avenue is a well-maintained duplex in San Mateo, CA, built in 1950 on a .13 acre (5,479 sq. ft.) lot. The property features two updated units:
- 3-bedroom, 1-bathroom unit (vacant)
- 2-bedroom, 1-bathroom unit (occupied, generating $3,300/month rental income)
Both units offer modern kitchens and bathrooms, 12-foot ceilings, and traditional fireplaces. The estimated home value is $1,656,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6.2% (lower than state average of 11.8%)
- Property crime risk: 4.7% (lower than state average of 10.8%)
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Schools:
Nearby schools include LEAD Elementary, San Mateo High, and Borel Middle.- State average SAT score: 975
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Job Market:
- 54.6% white-collar jobs, 45.4% blue-collar jobs
- Unemployment rate: 4.0% (lower than state average of 4.7%)
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Demographics:
- Community population: 32,760 (11% growth since 2000)
- 56% families with children
- Largest age group: 25-34 years (18.03%)
- Second largest: 35-44 years (16.22%)
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Natural Disaster Risk:
- Moderate flood risk
- Low tornado risk
- High earthquake risk
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Weather:
- Average temperature: 51.0°F (January), 66.5°F (July)
- Average rainfall: 20.4 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $61,942
- Average annual spending: $49,596
Property Features:
- Turnkey duplex with updated kitchens and baths in both units
- Open living/dining rooms with 12’ ceilings and traditional fireplaces
- Private bedroom wings and patio access
- 3/1 unit: Granite gourmet kitchen, charming bath, broad side patio
- 2/1 unit: Tastefully updated kitchen and bath
- Corner lot with manicured landscaping
- Parking garage and cooling system
- Low-maintenance, income-producing asset (tenants pay all expenses)
Location Benefits:
- Walking distance to Shoreview Shopping Center (Chavez Supermarket, restaurants, salons, laundry, etc.)
- Close to downtown San Mateo, Central Park, Hillsdale Shopping Center, and major highways (101, 92, 280)
- Strong rental demand and vibrant community
- Easy commutes to San Francisco, Silicon Valley, and beyond
- Ideal for families, young professionals, or savvy investors seeking to offset mortgage costs with rental income