NOT LISTED FOR SALE
Studio
-- Bath
9,987 Sq Ft
9,474 Sq Ft Lot

Sale Details

Date Sold: December 7, 2018

Last sale price $4,300,000 $431 Per Sq Ft

145 Days on Market

Highlights

  • Coin Laundry
  • Terra Nova High School Rated A-
  • The river is a source of water for the property

About This Home

As of December 2018

Showings 7/18, 7/20, 7/26 from 11am to 12pm | NO RENT CONTROL | Two Penthouse Units & Ocean View from 7 Units | Five Minute Walk to the Beach | Twenty Minute Drive to 1.1M jobs in San Francisco & Silicon Corridor | Close Proximity to Daly City (4.7 mi), South San Francisco (5.8 mi), & San Bruno (6.2 mi) BART | Pacifica Provides Many Lifestyle Benefits (Golfing, Surfing, and Hiking) | (2) 1BRx1BA & (6) 2BRx1BA | Avg Unit Size of 917 SF

Last Agent to Sell the Property

Michael Colhoun

ARA Cal, Inc. License #01464496 Listed on: 07/14/2018

Last Buyer's Agent

Robert Johnston

Marcus & Millichap License #01853816

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 9,474 Sq Ft Lot

Parking

  • 6 Car Garage
  • Off-Street Parking

Home Design

  • Bitumen Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 9,987 Sq Ft Home
  • 3-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • The river is a source of water for the property

Listing and Financial Details

  • Total Actual Rent $261,600

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 8 Leased Units
  • Gardener Expense $600
  • Insurance Expense $2,913
  • Maintenance Expense $2,400
  • Other Expense $6,000
  • Utility Expense $11,162
  • Operating Expense $73,551
  • Gross Income $249,888

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

9,474 Sq Ft Lot

Parking

6

Listing Details

  • Zoning: Residential
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 9987
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 9987
  • Stories: 3
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Bitumen

Garage/Parking

  • Garage Spaces: 6
  • Garage Parking Features: Covered Parking, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2175
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9476.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9476.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.21
  • Number Of Leased: 8

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2913
  • Expense Landscape: 600
  • Expense Maintenance: 2400
  • Expenses Other: 6000
  • Expenses Total: 73551
  • Expenses Utility: 11162
  • Income Annual Gross: 249888.00
  • Income Annual Rental: 261600
  • Income Gross Scheduled: 263040
  • Income Includes: Laundry
  • Income Other: 1440
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 12, 2016
Closed on
Oct 17, 2016
Sold by
Bought by
Seller's Agent
Phillip Boersma
M.B. Property Group
Buyer's Agent
Phillip Boersma
M.B. Property Group
List Price
$2,925,000
Sold Price
$2,925,000

Purchase Details

Closed on
Oct 11, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 2003
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,300,000 First American Title Ins Co
$2,925,000 Fidelity National Title Co
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,275,000
Closed $1,450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2018 12/07/18 Sold $4,300,000 +7.5% $431 / Sq Ft
12/07/2018 12/07/18 Pending -- -- --
07/14/2018 07/14/18 For Sale $4,000,000 +36.8% $401 / Sq Ft
10/26/2016 10/26/16 Sold $2,925,000 0.0% $293 / Sq Ft View Prior Sale
10/18/2016 10/18/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $2,925,000 -- $293 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $52,897 $3,850,000 $1,164,000 $2,686,000
2023 $52,101 $4,050,000 $1,224,418 $2,825,582
2022 $54,596 $4,520,066 $1,366,531 $3,153,535
2021 $54,819 $4,210,000 $1,270,000 $2,940,000
2020 $57,805 $4,386,000 $1,326,000 $3,060,000
2019 $58,599 $4,300,000 $1,300,000 $3,000,000
2018 $41,699 $2,983,500 $1,224,000 $1,759,500
2017 $37,804 $2,925,000 $1,200,000 $1,725,000
2016 $7,859 $278,969 $41,422 $237,547
2015 $8,194 $274,779 $40,800 $233,979
2014 $8,319 $269,397 $40,001 $229,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81714638

MLSListings
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