NOT LISTED FOR SALE

371 5th Ave Redwood City, CA 94063

North Fair Oaks Neighborhood

Estimated Value: $1,281,221 - $1,476,000

4 Beds
3 Baths
1,932 Sq Ft
$717/Sq Ft Est. Value

Last Sold June 13, 2012

Last sale price $480,000 $248 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $8,503/month

31 Days on Market

About This Home

As of June 2012

Great investment opportunity for a 3 Unit Building in Redwood City. One unit has 2 Bedroom / 1 Bath. Two 1 bedroom / 1 Bath units. Close to shop and transportation. Laundry hook up, carport + storage on each unit.

Last Agent to Sell the Property

Mona Naber

CENTURY 21 Masters License #00960907 Listed on: 03/20/2012

CENTURY 21 Masters

Last Buyer's Agent

Orhan Tolu

Century 21 Realty Alliance License #00831544

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,437

Year Built

  • 1946

Lot Details

  • 7,797

Parking

  • Carport

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,932 Sq Ft Home
  • Vinyl Flooring
  • Oven or Range

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $43,200
  • Month-to-Month Lease Term

Community Details

Overview

  • 1,932 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,365
  • Operating Expense $9,021
  • Gross Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,437

Year Built

1946

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Triplex
  • Age: 66
  • Inspections Reports: Fault Zone
  • Sale Price Per Sq Ft: 248.45
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1932
  • Laundry: 220 Volt Outlet
  • Flooring: Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7920.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7920.00
  • Lot Size Area Min Search: 7920.00
  • Maximum Lot Size: 7920.00

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 12.15

Multi Family

  • Expense Insurance: 1365
  • Expense Landscape: 1200
  • Expenses Total: 9021
  • Income Annual Gross: 43200.00
  • Income Annual Rental: 43200
  • Income Gross Scheduled: 43200
  • Income Includes: Lease
  • Meters: Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Insurance, Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2012
Sold by
Lee Samuel and Wong Anita
Bought by
Lee Samuel P and Wong Anita O L
Current Estimated Value
$1,385,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$64,831
Interest Rate
3.63%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 20, 2012
Closed on
Jun 5, 2012
Sold by
Martinez Frank R Flores
Bought by
Lee Samuel and Wong Anita
Seller's Agent
Mona Naber
CENTURY 21 Masters
Buyer's Agent
Orhan Tolu
Century 21 Realty Alliance
List Price
$525,000
Sold Price
$480,000
Premium/Discount to List
-$45,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 1999
Sold by
Chavez Martinez Sandra
Bought by
Martinez Frank F Flores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.63%
Mortgage Type
Commercial
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
Lee Samuel P -- Orange Coast Title Company
Lee Samuel $480,000 Chicago Title Company
Martinez Frank F Flores -- Old Republic Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Samuel P $360,000
Closed Lee Samuel $360,000
Previous Owner Martinez Frank F Flores $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2012 06/13/12 Sold $480,000 -8.6% $248 / Sq Ft
04/20/2012 04/20/12 Pending -- -- --
03/20/2012 03/20/12 For Sale $525,000 -- $272 / 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 $11,437 $602,892 $301,446 $301,446
2023 $11,437 $579,484 $289,742 $289,742
2022 $10,599 $568,122 $284,061 $284,061
2021 $10,449 $556,984 $278,492 $278,492
2020 $10,277 $551,274 $275,637 $275,637
2019 $10,068 $540,466 $270,233 $270,233
2018 $9,588 $529,870 $264,935 $264,935
2017 $8,961 $519,482 $259,741 $259,741
2016 $8,622 $509,298 $254,649 $254,649
2015 $8,292 $501,648 $250,824 $250,824
2014 $8,097 $491,822 $245,911 $245,911
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mona Naber

    CENTURY 21 Masters

    Section Image

  • O

    Buyer's Agent in 2012

    Orhan Tolu

    Century 21 Realty Alliance

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Map

Source: MLSListings

MLS Number: ML81210401

MLSListings

APN: 060-084-060

California San Mateo County Redwood City 94025 North Fair Oaks

371 5th Ave, Redwood City, CA

This home is located at 371 5th Ave, Redwood City, CA 94063 since 20 March 2012 and is currently estimated at $1,385,555, approximately $717 per square foot. This property was built in 1946. 371 5th Ave is a home located in San Mateo County with nearby schools including Garfield Elementary School, John F. Kennedy Middle School, and Woodside High School.

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