NOT LISTED FOR SALE

417 Portofino Dr San Carlos, CA 94070

Beverly Terrace Neighborhood

Estimated Value: $3,200,000 - $3,867,698

8 Beds
8 Baths
5,037 Sq Ft
$717/Sq Ft Est. Value

Last Sold January 02, 2020

Last sale price $2,789,000 $554 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $22,218/month

16 Days on Market

Highlights

  • Bay View
  • 0.39 Acre Lot
  • Wood Flooring
  • Tierra Linda Middle School Rated A
  • Deck
  • Balcony

About This Home

As of January 2020

Turnkey investment opportunity mid-San Carlos Hills location on cul-de-sac w/views, fully leased, cash flow positive. The building consists of (4) 2 bedroom, 2bath, approx. 1,200 +/- sq.ft. spacious remodeled units. Interior upgrades include double-pane windows throughout. New Roof, 08/2019. Coin-operated laundry on premises.

Last Agent to Sell the Property

Cher Rowland

Intero Real Estate Services License #01338545 Listed on: 08/25/2019

Intero Real Estate Services

Co-Listed By

Loveless Team

Intero Real Estate Services License #70010102

Last Buyer's Agent

Fay Du

Bay1st Realty & Mortgage Inc License #01758443

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,195

Year Built

  • 1963

Lot Details

  • 0.39 Acre Lot
  • Hillside Location
  • Grass Covered Lot

Property Views

  • Bay
  • Panoramic
  • City Lights
  • Hills

Home Design

  • Quadruplex
  • Combination Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 5,037 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows

Kitchen

  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Parking

  • 3 Parking Spaces
  • 5 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $146,600
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $2,826
  • Maintenance Expense $996
  • Other Expense $817
  • Utility Expense $1,788
  • Trash Expense $1,898
  • Operating Expense $29,547
  • Gross Income $142,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,195

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R3000G
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5037
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Cooktop - Electric, Dishwasher, Garbage Disposal, Hood Over Range
  • Living Sq Ft: 5037
  • Stories: 3
  • Laundry: Coin Operated
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Combination
  • Roof: Tar And Gravel
  • View: Bay, City Lights, Hills, Panoramic
  • Yard/Grounds: Balcony / Patio, Deck, Low Maintenance
  • Construction Type: Concrete, Wood Frame

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, On Street
  • Carport Min: 5

Utilities

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

Lot Info

  • Lot Description: Grade - Hillside
  • Lot Acres: 0.3900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 16988.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 16988.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written, Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 18.99
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2826
  • Expense Maintenance: 996
  • Expenses Other: 817
  • Expenses Total: 29547
  • Expenses Utility: 1788
  • Expense Trash: 1898
  • Income Annual Gross: 142445.00
  • Income Annual Rental: 146600
  • Income Gross Scheduled: 146850
  • Income Includes: Laundry
  • Income Other: 250
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Fee - Rent/Lease, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities, Vacancy Factor
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2020
Sold by
Altan Kazim
Bought by
Botan Llc
Current Estimated Value
$3,613,566

Purchase Details

Listed on
Aug 25, 2019
Closed on
Dec 20, 2019
Sold by
Brandenburg Apartments Llc
Bought by
Altan Kazim
Seller's Agent
Cher Rowland
Intero Real Estate Services
Buyer's Agent
Fay Du
Bay1st Realty & Mortgage Inc
List Price
$2,789,000
Sold Price
$2,789,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.55%
Original Mortgage
$2,000,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2015
Sold by
Culver Larita B
Bought by
Brandenburg Apartments Llc

Purchase Details

Closed on
Nov 2, 2015
Sold by
Brandenburg William O
Bought by
Brandenburg Apartments Llc

Purchase Details

Closed on
Oct 7, 2015
Sold by
Brandenburg William O
Bought by
Brandenburg William O and Way Jennie C

Purchase Details

Closed on
Jun 12, 1996
Sold by
Lax William L and Lax Virginia A
Bought by
Brandenburg Kenneth W and Brandenburg Juanita L
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
Botan Llc -- None Available
Altan Kazim $2,789,000 Old Republic Title Company
Brandenburg Apartments Llc -- None Available
Brandenburg Apartments Llc -- None Available
Brandenburg Apartments Llc -- None Available
Brandenburg William O -- None Available
Brandenburg Kenneth W $500,058 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Altan Kazim $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2020 01/02/20 Sold $2,789,000 0.0% $554 / Sq Ft
09/10/2019 09/10/19 Pending -- -- --
08/25/2019 08/25/19 For Sale $2,789,000 -- $554 / 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 $39,195 $3,050,175 $1,968,561 $1,081,614
2023 $39,195 $2,931,734 $1,892,120 $1,039,614
2022 $36,891 $2,874,250 $1,855,020 $1,019,230
2021 $36,331 $2,817,894 $1,818,648 $999,246
2020 $22,224 $1,560,600 $822,152 $738,448
2019 $21,809 $1,530,002 $806,032 $723,970
2018 $21,222 $1,500,003 $790,228 $709,775
2017 $20,866 $1,470,593 $774,734 $695,859
2016 $20,376 $1,441,760 $759,544 $682,216
2015 $12,356 $725,678 $207,332 $518,346
2014 $11,812 $711,464 $203,271 $508,193
Source: Public Records

Agents Affiliated with this Home

  • Cher Rowland

    Seller's Agent in 2020

    Cher Rowland

    Intero Real Estate Services

    (650) 477-0722

    4 Total Sales

    Cher Rowland
    Section Image

  • L

    Seller Co-Listing Agent in 2020

    Loveless Team

    Intero Real Estate Services

    (650) 400-3309

    32 Total Sales

    Loveless Team
    Section Image

  • F

    Buyer's Agent in 2020

    Fay Du

    Bay1st Realty & Mortgage Inc

    (650) 796-5586

    34 Total Sales

    Fay Du
    Section Image
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Map

Source: MLSListings

MLS Number: ML81765634

MLSListings

APN: 050-331-210

California San Mateo County San Carlos 94070 Beverly Terrace

417 Portofino Dr, San Carlos, CA

This home is located at 417 Portofino Dr, San Carlos, CA 94070 since 25 August 2019 and is currently estimated at $3,613,566, approximately $717 per square foot. This property was built in 1963. 417 Portofino Dr is a home located in San Mateo County with nearby schools including Tierra Linda Middle School, Carlmont High School, and Heather Elementary School.

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