NOT LISTED FOR SALE

301 Lansdale Ave Millbrae, CA 94030

Telescope Hills Neighborhood

Estimated Value: $2,586,000 - $3,167,846

5 Beds
5 Baths
2,893 Sq Ft
$968/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $2,450,000 $847 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $16,224/month

10 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating System
  • 4-minute walk to Central Park
  • Spring Valley Elementary School Rated A-
  • Washer and Dryer

About This Home

As of June 2022

Amazing duplex opportunity in the heart of Millbrae! Perfect for families or young professionals. Featuring updated kitchens with ample cabinet space an abundance of natural light leading to your private patio. Generous size bedrooms with ample closet space and updated bathrooms, these residences are turn key! Live within the comfort of your home while collecting income. Walking distance to downtown Millbrae, convenient freeway access to all main highways, public transportation, top rated schools, parks Green Hills Golf and Country Club, the community center and much more! This home is not to be missed!

Last Agent to Sell the Property

Jenn Gilson

Golden Gate Sotheby's International Realty License #70010127 Listed on: 04/22/2022

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Jeff LaMont

Coldwell Banker Realty License #00921757

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 8,773

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,893 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Additional Features

  • 8,773 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $83,662

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $4,680
  • Maintenance Expense $9,452
  • Manager Expense $5,797
  • Other Expense $4,603
  • Utility Expense $214
  • Trash Expense $652
  • Operating Expense $25,398
  • Gross Income $84,499

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Parking

1

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2893
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 2893
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2014
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8775.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8775.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 21.37
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Landscape: 4680
  • Expense Maintenance: 9452
  • Expense Management: 5797
  • Expenses Other: 4603
  • Expenses Total: 25398
  • Expenses Utility: 214
  • Expense Trash: 652
  • Income Annual Gross: 84499.00
  • Income Annual Rental: 83662
  • Income Gross Scheduled: 83662
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Services - Gardener
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2009
Sold by
Bacigalupi Louis and Bacigalupi Dora Doris
Bought by
Ldk Investors Llc
Current Estimated Value
$2,801,712

Purchase Details

Closed on
Jun 5, 1997
Sold by
Louis Bacigalupi and Dora Bacigalupi
Bought by
Bacigalupi Louis and Bacigalupi Dora Doris
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ldk Investors Llc -- None Available
Bacigalupi Louis -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold $2,450,000 +37.0% $847 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $1,788,000 -- $618 / 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 $19,060 $1,515,614 $633,586 $882,028
2023 $19,060 $1,456,764 $608,985 $847,779
2022 $20,790 $1,822,742 $1,286,642 $536,100
2021 $20,712 $1,787,003 $1,261,414 $525,589
2020 $2,472 $174,588 $44,804 $129,784
2019 $2,425 $171,166 $43,926 $127,240
2018 $2,387 $167,811 $43,065 $124,746
2017 $2,262 $164,521 $42,221 $122,300
2016 $2,228 $161,296 $41,394 $119,902
2015 $2,215 $158,874 $40,773 $118,101
2014 $2,173 $155,763 $39,975 $115,788
Source: Public Records

Agents Affiliated with this Home

  • Jenn Gilson

    Seller's Agent in 2022

    Jenn Gilson

    Golden Gate Sotheby's International Realty

    (650) 642-6957

    1 in this area

    171 Total Sales

    Jenn Gilson
    Section Image
  • Jeff LaMont

    Buyer's Agent in 2022

    Jeff LaMont

    Coldwell Banker Realty

    (650) 740-8808

    1 in this area

    71 Total Sales

    Jeff LaMont
    Section Image
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Map

Source: MLSListings

MLS Number: ML81888250

MLSListings

APN: 021-436-010

California San Mateo County Millbrae 94030 Telescope Hills

301 Lansdale Ave, Millbrae, CA

Not Listed for Sale

MultiFamily

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