NOT LISTED FOR SALE

Estimated Value: $1,370,000 - $1,629,000

4 Beds
4 Baths
2,128 Sq Ft
$698/Sq Ft Est. Value

Last Sold April 02, 2020

Last sale price $1,230,000 $578 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,349/month

10 Days on Market

Highlights

  • Corian Countertops
  • 2 Car Attached Garage
  • Washer and Dryer
  • South San Francisco High School Rated A-
  • Tile Flooring

About This Home

As of April 2020

Welcome to this Excellent Investment Opportunity! Featuring Strong Rents & Located in one of South San Franciscos Most Convenient Walkable Neighborhoods, this Outstanding Duplex Has Been Recently Remodeled Throughout Including Remodeled Kitchens & Bathrooms, Appliances (Dishwashers, Stoves, Microwaves, Refrigerators, Washers & Dryers), Paint & Flooring Throughout. Each Bright Unit Features Approx 1,064* Of Living Space & Offers 2 Bedrooms, 1 ½ Bathrooms, In-Unit Laundry, 1-Car Garage Plus 1-Car Driveway Parking & All Separate Meters (Water, Gas, Electric). Building Features Double-Pane Windows, Newer Roof (Approx 4 Years Old) & Spacious Bright Low-Maintenance Rear Yard. Spectacular Location Just Steps to Orange Park & Close Proximity to Schools, Costco, Kaiser, Shopping Centers, Dining & Transportation BART, CalTrain, Buses, Freeways. Known as The Birthplace of Biotech, S.S.F. Features Biotech Giants Including Genentech & Amgen.

Last Agent to Sell the Property

Patrick Shannon

Trinity Realty, Inc License #00830949 Listed on: 02/20/2020

Last Buyer's Agent

Boyenga Team

Compass License #70010882

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,861

Year Built

  • 1978

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Garage Door Opener

Home Design

  • Duplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,128 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $74,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,642
  • Maintenance Expense $278
  • Other Expense $2,073
  • Utility Expense $244
  • Operating Expense $16,992
  • Gross Income $74,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,861

Year Built

1978

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 42
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2128
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2128
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener
  • Carport Min: 2

Utilities

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

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.0574
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2500.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 17.31
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1642
  • Expense Maintenance: 278
  • Expenses Other: 2073
  • Expenses Total: 16992
  • Expenses Utility: 244
  • Income Annual Gross: 74400.00
  • Income Annual Rental: 74400
  • Income Gross Scheduled: 74400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2020
Closed on
Mar 22, 2020
Sold by
Parma Floyd D and Parma Rita
Bought by
Yee Ronnie and Lo Annie
Seller's Agent
Patrick Shannon
Trinity Realty, Inc
Buyer's Agent
Boyenga Team
Compass
List Price
$1,288,000
Sold Price
$1,230,000
Premium/Discount to List
-$58,000
-4.5%
Current Estimated Value
$1,484,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,584
Avg. Annual Appreciation
3.52%
Original Mortgage
$738,000
Outstanding Balance
$655,195
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$830,226

Purchase Details

Closed on
Aug 9, 2017
Sold by
Parma John A
Bought by
Parma Floyd D and Parma Rita

Purchase Details

Closed on
Nov 14, 2013
Sold by
Parma Floyd D and Parma Rita
Bought by
Parma Floyd D and Parma Rita

Purchase Details

Closed on
Dec 28, 2012
Sold by
Parma Floyd D and Parma John A
Bought by
Parma Floyd D and Parma John A

Purchase Details

Closed on
Nov 19, 2010
Sold by
Parma Claudia R
Bought by
Parma Claudia R

Purchase Details

Closed on
Jun 20, 2000
Sold by
Parma John A and Parma Claudia R
Bought by
Parma John A and Parma Claudia R
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
Yee Ronnie $1,230,000 Usa National Title Company
Parma Floyd D $450,000 First American Title Company
Parma Floyd D -- None Available
Parma Floyd D -- None Available
Parma Claudia R -- None Available
Parma Claudia R -- None Available
Parma John A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yee Ronnie $738,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2020 04/02/20 Sold $1,230,000 -4.5% $578 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $1,288,000 -- $605 / 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 $15,861 $1,345,179 $962,405 $382,774
2023 $15,861 $1,292,946 $925,035 $367,911
2022 $14,740 $1,267,596 $906,898 $360,698
2021 $14,548 $1,242,742 $889,116 $353,626
2020 $8,504 $674,897 $192,608 $482,289
2019 $8,419 $661,665 $188,832 $472,833
2018 $8,647 $688,692 $185,130 $503,562
2017 $2,876 $154,340 $19,886 $134,454
2016 $2,711 $151,315 $19,497 $131,818
2015 $2,663 $149,043 $19,205 $129,838
2014 $2,631 $146,124 $18,829 $127,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81783481

MLSListings

APN: 014-035-030