NOT LISTED FOR SALE

24 Randolph Ave South San Francisco, CA 94080

Sign Hill Neighborhood

Estimated Value: $1,493,025 - $1,788,000

4 Beds
4 Baths
3,402 Sq Ft
$490/Sq Ft Est. Value

Last Sold September 08, 2015

Last sale price $1,000,000 $294 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $10,379/month

14 Days on Market

Highlights

  • Downtown View
  • Coin Laundry
  • Carpet
  • South San Francisco High School Rated A-

About This Home

As of September 2015

Four unit apartment building on 5000 square foot lot. One bedroom units of which two have large porches. All units have front and back door entries. All units have use of shared backyard area. Total 8 parking spaces consisting of 4 garage spaces and 4 driveway open space parking. Storage area in garage for tenant use. On site laundry room for tenant use. All units month to month. 1 unit will be vacant in September and will stay vacant for buyer to prepare for after close of escrow. All units can be viewed.

Last Agent to Sell the Property

Wayne Gomes

Coldwell Banker Realty License #00673914 Listed on: 08/03/2015

Coldwell Banker Realty

Last Buyer's Agent

Wayne Gomes

Coldwell Banker Realty License #00673914 Listed on: 08/03/2015

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,625

Year Built

  • 1952

Lot Details

  • 5,009

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,402 Sq Ft Home
  • Carpet
  • Downtown Views

Kitchen

  • Gas Oven
  • Gas Cooktop

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $80,880

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $2,386
  • Maintenance Expense $1,800
  • Other Expense $1,350
  • Utility Expense $3,644
  • Trash Expense $1,356
  • Operating Expense $23,215
  • Gross Income $79,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,625

Year Built

1952

Lot Details

0

Parking

4

Listing Details

  • Zoning: r
  • Subclass: Fourplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3402
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Cooktop - Gas, Oven - Gas
  • Living Sq Ft: 3402
  • Laundry: Coin Operated
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • View: City Lights, Downtown

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.75
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2386
  • Expense Maintenance: 1800
  • Expenses Other: 1350
  • Expenses Total: 23215
  • Expenses Utility: 3644
  • Expense Trash: 1356
  • Income Annual Gross: 79036.00
  • Income Annual Rental: 80880
  • Income Gross Scheduled: 81480
  • Income Includes: Laundry
  • Income Other: 600
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2015
Closed on
Sep 4, 2015
Sold by
Gazzano Elvin Richard
Bought by
Egan Stephen G
Seller's Agent
Wayne Gomes
Coldwell Banker Realty
Buyer's Agent
Wayne Gomes
Coldwell Banker Realty
List Price
$1,120,000
Sold Price
$1,000,000
Premium/Discount to List
-$120,000
-10.71%
Current Estimated Value
$1,666,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$666,006
Avg. Annual Appreciation
5.47%

Purchase Details

Closed on
Jan 24, 2002
Sold by
Gazzano Donald Joseph and Gazzano Elvin Richard
Bought by
Gazzano Donald Joseph and Gazzano Mary Alice

Purchase Details

Closed on
Mar 15, 1994
Sold by
Gazzano Donald J and Gazzano Mary Alice
Bought by
Gazzano Donald J and Gazzano Mary Alice

Purchase Details

Closed on
Jan 13, 1994
Sold by
Gazzano Angelina Mary and Gazzano Donald Joseph
Bought by
Gazzano Angelina Mary and Gazzano Donald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.21%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Egan Stephen G $1,000,000 Old Republic Title Company
Gazzano Donald Joseph -- --
Gazzano Donald J -- --
Gazzano Angelina Mary -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Egan Stephen G $485,000
Closed Egan Stephen G $500,000
Previous Owner Gazzano Angelina Mary $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2015 09/08/15 Sold $1,000,000 -10.7% $294 / Sq Ft
08/17/2015 08/17/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $1,120,000 -- $329 / 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 $15,625 $1,183,792 $591,896 $591,896
2023 $15,625 $1,137,826 $568,913 $568,913
2022 $14,538 $1,115,516 $557,758 $557,758
2021 $14,334 $1,093,644 $546,822 $546,822
2020 $14,146 $1,082,432 $541,216 $541,216
2019 $14,011 $1,061,208 $530,604 $530,604
2018 $13,686 $1,040,400 $520,200 $520,200
2017 $13,257 $1,020,000 $510,000 $510,000
2016 $12,868 $1,000,000 $500,000 $500,000
2015 $3,141 $96,311 $26,122 $70,189
2014 $3,121 $94,426 $25,611 $68,815
Source: Public Records

Agents Affiliated with this Home

  • Wayne Gomes

    Seller's Agent in 2015

    Wayne Gomes

    Coldwell Banker Realty

    (650) 558-4318

    1 in this area

    28 Total Sales

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Map

Source: MLSListings

MLS Number: ML81498121

MLSListings

APN: 012-091-240

California San Mateo County South San Francisco 94080 Sign Hill

24 Randolph Ave, South San Francisco, CA

This home is located at 24 Randolph Ave, South San Francisco, CA 94080 since 03 August 2015 and is currently estimated at $1,666,006, approximately $489 per square foot. This property was built in 1952. 24 Randolph Ave is a home located in San Mateo County with nearby schools including Martin Elementary School, Parkway Heights Middle School, and South San Francisco High School.

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