NOT LISTED FOR SALE

328 San Jose Ave Millbrae, CA 94030

Estimated Value: $1,446,000 - $2,350,929

4 Beds
2 Baths
2,220 Sq Ft
$811/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $1,428,000 $643 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,578/month

150 Days on Market

Highlights

  • Wood Flooring
  • Corian Countertops
  • 1-Story Property
  • Taylor Middle School Rated A-

About This Home

As of April 2023

Vacant Duplex - Two Homes on One Lot. The physical addresses are 328 San Jose Avenue and 329 Pine Street. Each home contains a formal living room, a large and bright kitchen with a dine-in area, two bedrooms, one bath, a quaint garden, and an attached one-car garage. Separate small yard and nicely landscaped front yard. 329 Pine has newly refinished hardwood floors, new luxury vinyl kitchen flooring, new counters, a new backsplash, and fresh paint. 328 San Jose needs TLC but is not far from the rental condition. Tenants pay for all of the utilities. Millbrae award winner schools and walking distance to transportation and downtown Millbrae. Must See

Last Agent to Sell the Property

Marco Wan

Compass License #01865958 Listed on: 10/06/2022

Compass

Last Buyer's Agent

Ying He

Jenny He Realty Associates License #01255995

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,441

Year Built

  • 1955

Lot Details

  • 3,999 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,220 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Cooktop
  • Corian Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,000

Community Details

Overview

  • 2,220 Sq Ft Building

Building Details

  • Insurance Expense $800
  • Operating Expense $2,437
  • Gross Income $84,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,441

Year Built

1955

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Multiple Dwellings / Structures
  • Style: Ranch
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2220
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Solid Surface / Corian, Refrigerator
  • Living Sq Ft: 2220
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.0918
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4000.00

Rental Info

  • Gross Rent Multiplier: 18.99

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 800
  • Expenses Total: 2437
  • Income Annual Gross: 84000.00
  • Income Annual Rental: 84000
  • Income Gross Scheduled: 84000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2019
Sold by
Virginia L Mclaughlin 1990 Revocable Tru
Bought by
Lisa Fong Revocable Living Trust
Current Estimated Value
$1,799,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
6.5%
Mortgage Type
New Conventional
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
Lisa Fong Revocable Living Trust $1,428,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lisa Fong Revocable Living Trust $712,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2023 04/10/23 Sold $1,428,000 -10.5% $643 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $1,594,999 +11.7% $718 / Sq Ft
03/01/2023 03/01/23 Off Market $1,428,000 -- --
01/20/2023 01/20/23 Price Changed $1,594,999 0.0% $718 / Sq Ft
10/06/2022 10/06/22 For Sale $1,595,000 -- $718 / 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
2023 $19,441 $102,928 $29,427 $73,501
2022 $1,650 $100,910 $28,850 $72,060
2021 $1,637 $98,933 $28,285 $70,648
2020 $1,619 $97,919 $27,995 $69,924
2019 $1,592 $96,000 $27,447 $68,553
2018 $1,570 $94,118 $26,909 $67,209
2017 $1,458 $92,274 $26,382 $65,892
2016 $1,433 $90,465 $25,865 $64,600
2015 $1,426 $89,107 $25,477 $63,630
2014 $1,403 $87,362 $24,978 $62,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81909708

MLSListings

APN: 021-304-050