NOT LISTED FOR SALE

Estimated Value: $1,041,000 - $1,238,000

4 Beds
3 Baths
1,040 Sq Ft
$1,088/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $950,000 $913 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,319/month

13 Days on Market

Highlights

  • Shed
  • Space Heater
  • 4-minute walk to Andrew Spinas Park
  • Woodside High School Rated A
  • 1-Story Property

About This Home

As of March 2021

Triplex in two separate buildings. The front building contains (2) 2 Bedroom 1 Bath units and the back building contains (1) Studio 1 Bath unit. Large gated yard area for the use and enjoyment of the residents. Dual pane windows (most windows). Five parking spaces. Pitched composition shingle roofs. Easy access to Downtown Redwood City; Facebook Headquarters and other major employers; Costco, Target, Marshalls, Kohl's, Kmart & Safeway, Ikea, Home Depot, Nordstrom Rack; Highway 101 & Dumbarton Bridge; El Camino Real with its many retail conveniences; Stanford Medicine Outpatient Center and Friendship Park (community gardens). The property is located in unincorporated San Mateo County and though not formally within he City of Redwood City it has a Redwood City mailing address. The garbage and sewer expenses are a part of the property tax bill. The Studio unit in the back building may not have have been added with a building permit, Buyer shall perform its own due diligence regarding this

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 02/02/2021

Co-Listed By

Michelle Clark

Cornish & Carey Commercial License #01918902

Last Buyer's Agent

Susan Sahami

Bayview Residential Brokerage License #01339095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,437

Year Built

  • 1958

Lot Details

  • 5,001

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Wall Furnace

Additional Features

  • Shed
  • 5,001 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $59,040

Community Details

Overview

  • 1,040 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $589
  • Other Expense $750
  • Utility Expense $5,475
  • Operating Expense $21,206
  • Gross Income $56,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,437

Year Built

1958

Lot Details

0

Listing Details

  • Zoning: R300S5
  • Subclass: Triplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1040
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Living Sq Ft: 1040
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Storage Shed / Structure

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Uncovered Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Space Heater, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High
  • Elementary School: Garfield Charter
  • High School: Woodside High
  • High School: 684
  • Elementary School: 633

Lot Info

  • Lot Acres: 0.1148
  • 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: 16.07
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 589
  • Expenses Other: 750
  • Expenses Total: 21206
  • Expenses Utility: 5475
  • Income Annual Gross: 56088.00
  • Income Annual Rental: 59040
  • Income Gross Scheduled: 59040
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Reserve Fund, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heat, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2021
Closed on
Mar 14, 2021
Sold by
Vanzandt Christina and Vanzandt Van Zandt
Bought by
Hakimi Hoss and Manzandarani Hoda
Seller's Agent
Keith Suddjian
Cornish & Carey Commercial
Buyer's Agent
Susan Sahami
Bayview Residential Brokerage
List Price
$949,000
Sold Price
$950,000
Premium/Discount to List
$1,000
0.11%
Current Estimated Value
$1,131,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,221
Avg. Annual Appreciation
3.61%
Original Mortgage
$712,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2016
Closed on
Aug 16, 2016
Sold by
Karpel Ronny and Karpel Francesca
Bought by
Vanzandt Christina and Van Zandt Chad
Seller's Agent
Graeham Watts
Intero Real Estate Services
Buyer's Agent
Richard Schoelerman
Coldwell Banker Realty
List Price
$748,888
Sold Price
$740,000
Premium/Discount to List
-$8,888
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%

Purchase Details

Closed on
May 20, 2011
Sold by
Newlands Enterprises Llc
Bought by
Karpel Ron and Karpel Francesca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,250
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2010
Sold by
Halwani John and Halwani Eve
Bought by
Newlands Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2009
Sold by
Us Bank National Association
Bought by
Halwani John and Halwani Eve

Purchase Details

Closed on
Aug 5, 2008
Sold by
Cuevas Genaro A and Cuevas Celia
Bought by
Us Bank Na

Purchase Details

Closed on
Jan 24, 2005
Sold by
Guzman Jorge and Guzman Leonor
Bought by
Cuevas Genaro and Cuevas Celia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 1995
Sold by
Gonzalez Rafael and Gonzalez Esperanza V
Bought by
Gonzalez Rafael and Gonzalez Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
9.09%
Source: Public Records

Range of Values:

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Average Value
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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
Hakimi Hoss $950,000 Fidelity National Title Co
Vanzandt Christina $740,000 Chicago Title Company
Karpel Ron $367,000 First American Title Company
Newlands Enterprises Llc -- Chicago Title Company
Halwani John $250,000 Commerce Title Company
Us Bank Na $495,000 Accommodation
Cuevas Genaro $595,000 Old Republic Title Company
Gonzalez Rafael -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hakimi Hoss $650,000
Closed Hakimi Hoss $712,500
Previous Owner Karpel Ron $275,250
Previous Owner Karpel Ron $275,250
Previous Owner Newlands Enterprises Llc $230,000
Previous Owner Newlands Enterprises Llc $230,000
Previous Owner Cuevas Genaro $476,000
Previous Owner Guzman Jorge $54,000
Previous Owner Guzman Jorge $187,000
Previous Owner Gonzalez Rafael $62,500
Closed Cuevas Genaro $119,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $950,000 +0.1% $913 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $949,000 +28.2% $913 / Sq Ft
08/18/2016 08/18/16 Sold $740,000 -1.2% $712 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $748,888 0.0% $720 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $748,888 -- $720 / 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 $14,437 $1,028,309 $865,945 $162,364
2023 $14,437 $988,380 $832,320 $156,060
2022 $13,459 $969,000 $816,000 $153,000
2021 $11,593 $793,428 $686,209 $107,219
2020 $11,417 $785,293 $679,173 $106,120
2019 $11,261 $769,896 $665,856 $104,040
2018 $10,828 $754,800 $652,800 $102,000
2017 $10,362 $740,000 $640,000 $100,000
2016 $6,420 $397,186 $198,593 $198,593
2015 $6,176 $391,220 $195,610 $195,610
2014 $6,034 $383,558 $191,779 $191,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81828127

MLSListings

APN: 054-203-180