NOT LISTED FOR SALE
5 Beds
3 Baths
4,959 Sq Ft
5,314 Sq Ft Lot

Last Sold August 12, 2015

Last sale price $1,761,000 $355 Per Sq Ft

16 Days on Market

About This Home

As of August 2015

The subject property was built in 1962 and is situated on a 5,105-square foot lot. The unit mix includes one, three bedroom/two-bath unit and four, two-bedroom/one-bath units. Each unit has their own carport and storage area. All the windows have been replaced with double pane windows and the roof was replaced in 2005 with a foam room. Every unit has granite counter tops, renovated bathrooms, new appliances and new pergo floors.

Last Agent to Sell the Property

Phillip Batlin

Marcus & Millichap License #01873218 Listed on: 07/07/2015

Last Buyer's Agent

Edwin Legaspi

McGuire Capital Group Realty License #01516726

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 5,314

Parking

  • 5 Car Garage
  • 4 Carport Spaces
  • Assigned Parking

Home Design

  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,959 Sq Ft Home
  • 2-Story Property

Additional Features

  • 5,314 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $95,160
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 5 Leased Units
  • Insurance Expense $2,698
  • Maintenance Expense $1,500
  • Other Expense $316
  • Utility Expense $11,746
  • Operating Expense $35,726
  • Gross Income $93,257

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

5

Listing Details

  • Zoning: R30000
  • Subclass: Multiple Dwellings / Structures
  • Age: 53
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4959
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 4959
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Foam

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 4

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1220
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5300.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5300.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.38
  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2698
  • Expense Maintenance: 1500
  • Expenses Other: 316
  • Expenses Total: 35726
  • Expenses Utility: 11746
  • Income Annual Gross: 93257.00
  • Income Annual Rental: 95160
  • Income Gross Scheduled: 95160
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Range of Values:

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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
08/12/2015 08/12/15 Sold $1,761,000 +0.7% $355 / Sq Ft
07/23/2015 07/23/15 Pending -- -- --
07/07/2015 07/07/15 For Sale $1,749,000 -- $353 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81483737

MLSListings