NOT LISTED FOR SALE

2 Linden Ave San Bruno, CA 94066

Huntington Park Neighborhood

Estimated Value: $2,424,000 - $3,005,000

7 Beds
4 Baths
4,234 Sq Ft
$629/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $2,870,000 $678 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $17,093/month

11 Days on Market

Highlights

  • 0.23 Acre Lot
  • 3 Car Attached Garage
  • Secured Garage or Parking
  • Green Hills Elementary School Rated A-
  • Security Gate
  • Laundry Room

About This Home

As of March 2022

Cash Cow w/ 5.3%+ cap rate! Beautiful well maintained 4plex plus bonus unit, & 11 parking spots w/ 10k+/- lot in San Bruno bordering Millbrae, & going to Millbrae Schools! (buyer to verify). Property offers three (3) 2b1b, one (1) 1b1b & one (1) bonus 2b1b owners unit. All units have individual water & PG&E meters, except the 1b1b shares w/ bonus unit. Cash flow positive w/ $13k+/- monthly rent, plus more upside to increase! South-facing building w/ ample natural lights & expansive views of a quiet neighborhood, soccer field & mountains. All units are in great move-in ready condition. 11 parking spaces include 3 garages, 1 carport & 7 assigned parking, many are collecting parking rent, the larger spot can be rented for RV/trailer parking for $400+/- monthly. On-site coin-operated laundry for extra revenue. Huge lot w/ a gate for safety and entertainment, also great for potential ADU development. Walk to restaurants & shops, schools, parks & public transport. Easy access to freeways.

Last Agent to Sell the Property

Wen Guo RE Group

KW Advisors License #70010161 Listed on: 02/17/2022

Last Buyer's Agent

Sunny Chen

KW Advisors License #02150343

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,713

Year Built

  • 1956

Lot Details

  • 9,875 Sq Ft Lot

Parking

  • 3 Car Attached Garage
  • 1 Carport Space
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,234 Sq Ft Home
  • 2-Story Property
  • Security Gate

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $119,640
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Insurance Expense $1,976
  • Utility Expense $6,600
  • Operating Expense $33,353
  • Gross Income $157,819

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,713

Year Built

1956

Lot Details

0

Parking

3

Listing Details

  • Zoning: R
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4234
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Living Sq Ft: 4234
  • Stories: 2
  • Security: Secured Garage / Parking
  • Laundry: Coin Operated, Washer / Dryer
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 7
  • Garage Parking Features: Assigned Spaces, Attached Garage, Carport
  • Carport Min: 1

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public, Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: Security Gate

Lot Info

  • Lot Acres: 0.2267
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9875.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9875.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month, More Than 1 Yr, Security Deposit
  • Gross Rent Multiplier: 13.97
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1976
  • Expenses Total: 33353
  • Expenses Utility: 6600
  • Income Annual Gross: 157819.00
  • Income Annual Rental: 119640
  • Income Gross Scheduled: 161040
  • Income Includes: Coin Operated Equip, Laundry, Owners Unit Rental, Parking
  • Income Other: 41400
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Fee - Property Tax, Insurance, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 3, 2022
Sold by
Gan Wang L and Gan Hong L
Bought by
Paul Kwan And Jane Kwan Revocable Trust
Seller's Agent
Wen Guo RE Group
KW Advisors
Buyer's Agent
Sunny Chen
KW Advisors
List Price
$2,250,000
Sold Price
$2,870,000
Premium/Discount to List
$620,000
27.56%
Current Estimated Value
$2,665,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$204,901
Avg. Annual Appreciation
-2.01%

Purchase Details

Closed on
Jan 7, 2016
Sold by
Wang Gan and Zhao Hong H
Bought by
Gan Wang and Hong Hanna Zhao Revocable Liv

Purchase Details

Closed on
Sep 15, 2010
Sold by
Dokos Evangelos and Dokos Sofia
Bought by
Wang Gan and Zhao Hong H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 1998
Sold by
Varni Robert P
Bought by
Dokos Evangelos and Dokos Sofia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,600
Interest Rate
6.9%

Purchase Details

Closed on
May 16, 1994
Sold by
Varni Edith
Bought by
Varni Edith
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Paul Kwan And Jane Kwan Revocable Trust $2,870,000 First American Title
Gan Wang -- None Available
Wang Gan $1,110,000 North American Title Co Inc
Dokos Evangelos $418,000 Commonwealth Land Title Co
Varni Edith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Gan $801,000
Previous Owner Dokos Evangelos $292,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2022 03/10/22 Sold $2,870,000 +27.6% $678 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $2,250,000 -- $531 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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 $37,713 $3,045,666 $1,750,993 $1,294,673
2023 $37,713 $2,927,400 $1,683,000 $1,244,400
2022 $14,861 $1,340,078 $670,039 $670,039
2021 $14,680 $1,313,802 $656,901 $656,901
2020 $14,433 $1,300,332 $650,166 $650,166
2019 $14,079 $1,274,836 $637,418 $637,418
2018 $13,792 $1,249,840 $624,920 $624,920
2017 $13,484 $1,225,334 $612,667 $612,667
2016 $13,304 $1,201,308 $600,654 $600,654
2015 $13,204 $1,183,264 $591,632 $591,632
2014 -- $1,160,086 $580,043 $580,043
Source: Public Records

Agents Affiliated with this Home

  • Wen Guo RE Group

    Seller's Agent in 2022

    Wen Guo RE Group

    KW Advisors

    (650) 817-5000

    12 in this area

    330 Total Sales

    Wen Guo RE Group
    Section Image

  • S

    Buyer's Agent in 2022

    Sunny Chen

    KW Advisors

    Section Image
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Map

Source: MLSListings

MLS Number: ML81878774

MLSListings

APN: 021-113-550

California San Mateo County San Bruno 94030 Huntington Park

2 Linden Ave, San Bruno, CA

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