NOT LISTED FOR SALE

Estimated Value: $2,110,000 - $2,805,000

9 Beds
4 Baths
5,450 Sq Ft
$429/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $1,980,000 $363 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $14,886/month

52 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • Skylights
  • Taylor Middle School Rated A-
  • Wood Flooring
  • Double Pane Windows

About This Home

As of November 2018

4 units in a very desirable part of the town. Great schools and public amenities. Perfect for owner investor. Unit mix 1x 3br-2ba, and 3@ 2br-1 bath each with designated car park. Currently all units are rented at far below market.

Last Agent to Sell the Property

Yenkata Naidu

Gandhi & Associates R.E. Inc. License #00898249 Listed on: 07/10/2018

Last Buyer's Agent

Manjit Singh

Manjit Singh, Broker License #01291808

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,283

Year Built

  • 1964

Lot Details

  • 5,449 Sq Ft Lot

Parking

  • 1 Car Garage
  • 4 Carport Spaces
  • Assigned Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 5,450 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Double Pane Windows
  • City Lights Views
  • Laundry Room

Kitchen

  • Electric Oven
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $113,400

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Other Expense $500
  • Utility Expense $5,400
  • Trash Expense $1,800
  • Operating Expense $12,060
  • Gross Income $113,157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,283

Year Built

1964

Lot Details

0

Parking

1

Listing Details

  • Zoning: quadruplex
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Exhaust Fan, Garbage Disposal, Oven - Electric
  • Living Sq Ft: 5450
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Hardwood, Laminate, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Concrete Slab
  • Roof: Polyurethane, Tar And Gravel
  • View: City Lights
  • Construction Type: Masonry

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: San Mateo Union High
  • Elementary School: Lomita Park Elementary
  • Middle School: Taylor Middle
  • High School: Mills High
  • High School: 659
  • Elementary School: 734
  • Middle School: 737

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1251
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5450.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5450.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Lease Agreement - Oral, Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 17.45
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1200
  • Expense Maintenance: 1000
  • Expenses Other: 500
  • Expenses Total: 12060
  • Expenses Utility: 5400
  • Expense Trash: 1800
  • Income Annual Gross: 113157.00
  • Income Annual Rental: 113400
  • Income Gross Scheduled: 114300
  • Income Includes: Coin Operated Equip, Laundry, Parking
  • Income Other: 900
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Loan - Interest Only Payment, Loan - Mortgage, Loan - Principle & Interest, Maintenance, Services - Sewer, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2018
Closed on
Oct 29, 2018
Sold by
Pande Chandra B and The Pande Family Trust
Bought by
Singh Amannur Turna and Singh Eakta Turna
Seller's Agent
Yenkata Naidu
Gandhi & Associates R.E. Inc.
Buyer's Agent
Manjit Singh
Manjit Singh, Broker
List Price
$1,995,000
Sold Price
$1,980,000
Premium/Discount to List
-$15,000
-0.75%
Current Estimated Value
$2,299,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,448
Avg. Annual Appreciation
2.21%
Original Mortgage
$1,330,000
Outstanding Balance
$1,171,703
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,123,026
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
Singh Amannur Turna $1,980,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Amannur Turna $400,000
Open Singh Amannur Turna $1,330,000
Previous Owner Pande Chandra B $350,000
Previous Owner Pande Chandra B $193,000
Previous Owner Pande Chandra B $200,000
Previous Owner Singh Jai $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $1,980,000 -0.8% $363 / Sq Ft
09/01/2018 09/01/18 Pending -- -- --
07/10/2018 07/10/18 For Sale $1,995,000 -- $366 / 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 $28,283 $2,261,724 $1,093,207 $1,168,517
2023 $28,283 $2,122,958 $1,050,757 $1,072,201
2022 $23,109 $2,081,332 $1,030,154 $1,051,178
2021 $22,828 $2,040,522 $1,009,955 $1,030,567
2020 $22,444 $2,019,600 $999,600 $1,020,000
2019 $21,895 $1,980,000 $980,000 $1,000,000
2018 $2,149 $187,847 $38,754 $149,093
2017 $2,020 $184,165 $37,995 $146,170
2016 $1,982 $180,554 $37,250 $143,304
2015 $1,966 $177,843 $36,691 $141,152
2014 $1,919 $174,361 $35,973 $138,388
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81713811

MLSListings

APN: 021-173-030