NOT LISTED FOR SALE

198 W Moltke St Daly City, CA 94014

Hillside Neighborhood
5 Beds
4 Baths
5,979 Sq Ft
4,321 Sq Ft Lot

Last Sold September 12, 2024

Last sale price $2,000,000 $335 Per Sq Ft

161 Days on Market

Highlights

  • Granite Countertops
  • 6 Car Attached Garage
  • Floor Furnace
  • Westmoor High School Rated A-
  • Tile Flooring

About This Home

As of September 2024

This "Original Daly City" 6 unit apartment built in 1931 has been meticulously maintained and loved. It has not been on the market for over 45 years. Excellent location with easy access to freeways, downtown SF, Mid Peninsula, SFO, Walking distance to BART, and public bus transportation. Located just blocks from Junipero Serra Blvd and Mission and all it's amenities. Close to Schools, shops, restaurants, and more. This property features one 2bd/1bth, and five 1bd/1bth units. 3 of the units have been completely updated and 3 of the units have been partially updated.Each unit has its own one car garage, and is individually metered. This allows each unit to pay for their own gas, electric, garbage, and water, which offers a significant savings to the owner. Newly painted and a newer roof. Great long term tenants. A great investment property, or a multi-generational family compound.Don't miss out on this remarkable chance to own a piece of Daly City's history that offers financial rewards.

Last Agent to Sell the Property

Valerie Hinton

Valerie Hinton, Broker License #01828277 Listed on: 02/28/2024

Last Buyer's Agent

William Lee

Nation Home Realty License #02216007

Property Details

Home Type

  • Multi-Family

Year Built

  • 1931

Lot Details

  • 4,321 Sq Ft Lot

Parking

  • 6 Car Attached Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Masonry

Interior Spaces

  • 5,979 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Range Hood
  • Granite Countertops
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Floor Furnace
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $134,400

Community Details

Overview

Building Details

  • 6 Leased Units
  • Insurance Expense $7,400
  • Maintenance Expense $5,800
  • Utility Expense $50
  • Operating Expense $20,050
  • Gross Income $134,400

Property Details

Home Type

Multi-Family

Year Built

1931

Lot Details

0

Parking

6

Listing Details

  • Zoning: R3
  • Subclass: Multiple Dwellings / Structures
  • Age: 93
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5979
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1931

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Granite, Countertop - Tile, Hood Over Range, Oven Range, Refrigerator
  • Living Sq Ft: 5979
  • Stories: 2
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Construction Type: Concrete, Masonry, Wood Frame

Garage/Parking

  • Garage Spaces: 6
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Acres: 0.0992
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4320.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4320.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.74
  • Number Of Leased: 6

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 7400
  • Expense Maintenance: 5800
  • Expenses Total: 20050
  • Expenses Utility: 50
  • Income Annual Gross: 134400.00
  • Income Annual Rental: 134400
  • Income Gross Scheduled: 134400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Repair
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2024 09/12/24 Sold $2,000,000 -11.1% $335 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $2,250,000 0.0% $376 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $2,250,000 -- $376 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2024

    Valerie Hinton

    Valerie Hinton, Broker

    (650) 773-2042

    1 in this area

    6 Total Sales

    Valerie Hinton
    Section Image
  • William Lee

    Buyer's Agent in 2024

    William Lee

    Nation Home Realty

    (650) 922-9406

    1 in this area

    4 Total Sales

    William Lee
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81955718

MLSListings
California San Mateo County Daly City 94014 Hillside

198 W Moltke St, Daly City, CA

This home is located at 198 W Moltke St, Daly City, CA 94014 since 28 February 2024. This property was built in 1931. 198 W Moltke St is a home located in San Mateo County with nearby schools including Margaret Pauline Brown Elementary School, Benjamin Franklin Intermediate School, and Jefferson High School.

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