NOT LISTED FOR SALE

426 E 16th Ave Unit 1 San Mateo, CA 94402

Hayward Park Neighborhood

Estimated Value: $1,929,000 - $3,017,000

5 Beds
4 Baths
3,964 Sq Ft
$588/Sq Ft Est. Value

Last Sold October 19, 2017

Last sale price $1,950,000 $492 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $14,851/month

18 Days on Market

Highlights

  • Horse Property
  • Circular Fireplace
  • 4-minute walk to Sunnybrae Park
  • Borel Middle School Rated A-
  • Coin Laundry

About This Home

As of October 2017

Well maintained four units building situated in good location near the conjunction of Highway 101 & 92 - Easy access to both Highways and walking distance to nearby Hayward Park Cal-Train Station. Great value-add opportunity with upside rent potential in fast growing rental demand area.

Last Agent to Sell the Property

Quan Phan

GBA Realty License #01734909 Listed on: 08/11/2017

Last Buyer's Agent

Jerry Li

Global Realty License #01227934

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 4,800

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Combination Foundation
  • Composition Roof

Interior Spaces

  • 3,964 Sq Ft Home
  • 2-Story Property
  • Circular Fireplace

Additional Features

  • Horse Property
  • 4,800 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $96,600

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,321
  • Maintenance Expense $4,560
  • Manager Expense $5,500
  • Other Expense $208
  • Utility Expense $3,107
  • Trash Expense $937
  • Operating Expense $30,218
  • Gross Income $97,300

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: Muti
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3964
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 3964
  • Stories: 2
  • Security: Closed Circuit Monitoring (24-Hour)
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Combination
  • Roof: Composition
  • Horse Property: Yes

Garage/Parking

  • Garage Parking Features: Carport, Covered Parking
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.1102
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4800.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.49
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1321
  • Expense Landscape: 1200
  • Expense Maintenance: 4560
  • Expense Management: 5500
  • Expenses Other: 208
  • Expenses Total: 30218
  • Expenses Utility: 3107
  • Expense Trash: 937
  • Income Annual Gross: 97300.00
  • Income Annual Rental: 96600
  • Income Gross Scheduled: 97300
  • Income Includes: Coin Operated Equip
  • Income Other: 700
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2021
Sold by
Li Honna Man Han and Siu Patrick Man
Bought by
Shore Acres Llc
Current Estimated Value
$2,331,333

Purchase Details

Closed on
Aug 11, 2021
Sold by
Li Grace Samantha and Li Honna Man
Bought by
Shore Acres Llc

Purchase Details

Closed on
Apr 29, 2021
Sold by
Li Grace Samantha and Li Daniel Man
Bought by
Li Grace Samantha and Li Honna Man

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,200
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2021
Sold by
Li Grace and Li Honna Man
Bought by
Li Grace and Li Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,200
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2020
Sold by
Shore Acres Llc
Bought by
Li Honna Man Han and Siu Patrick Man

Purchase Details

Closed on
Mar 24, 2018
Sold by
Li Grace and Han Li Honna Man
Bought by
Shore Acres Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2018
Sold by
Shore Acres Llc
Bought by
Li Grace and Han Li Honna Man

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2018
Sold by
Li Daniel M
Bought by
Li Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2017
Closed on
Oct 11, 2017
Sold by
Cheung Sammy and Cheung Yan Hong
Bought by
Shore Acres Llc
Seller's Agent
Quan Phan
GBA Realty
Buyer's Agent
Jerry Li
Global Realty
List Price
$1,799,000
Sold Price
$1,950,000
Premium/Discount to List
$151,000
8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.20%
Original Mortgage
$1,000,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 14, 2016
Sold by
Cheung Sammy and Cheung Yan Hong
Bought by
Cheung Sammy and Cheung Yan Hong

Purchase Details

Closed on
Jul 25, 2012
Sold by
Cheung Sammy S and Cheung Yan Hong C
Bought by
Cheung Sammy S and Cheung Yan Hong C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2011
Sold by
Faraci Emilia R
Bought by
Cheung Sammy S and Cheung Yan Hong C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2007
Sold by
Faraci Emilia R and Faraci Maria Emilia
Bought by
Faraci Emilia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2006
Sold by
Kleebauer James and Kleebauer Thelma
Bought by
Faraci Maria Emilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2001
Sold by
Coinmach
Bought by
Kleebauer James and Kleebauer Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,500
Interest Rate
7.54%

Purchase Details

Closed on
Nov 6, 1997
Sold by
G W Williams Co
Bought by
Kleebauer James and Kleebauer Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,200
Interest Rate
6.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shore Acres Llc -- None Available
Shore Acres Llc -- None Listed On Document
Li Grace Samantha -- None Listed On Document
Li Grace -- Chicago Title
Li Honna Man Han -- None Available
Shore Acres Llc -- None Available
Li Grace -- Chicago Title Co
Li Grace -- Chicago Title Co
Shore Acres Llc $1,950,000 Old Republic Title Company
Cheung Sammy -- None Available
Cheung Sammy S -- Chicago Title Company
Cheung Sammy S $925,000 Old Republic Title Company
Faraci Emilia R -- Fidelity National Title Co
Faraci Maria Emilia $935,000 Fidelity National Title Co
Kleebauer James -- Old Republic Title Company
Kleebauer James $436,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Grace $959,200
Previous Owner Li Grace $999,000
Previous Owner Li Grace $999,000
Previous Owner Shore Acres Llc $1,000,000
Previous Owner Cheung Sammy S $500,000
Previous Owner Cheung Sammy S $525,000
Previous Owner Faraci Emilia R $620,000
Previous Owner Faraci Maria Emilia $435,000
Previous Owner Kleebauer James $338,500
Previous Owner Kleebauer James $349,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2017 10/19/17 Sold $1,950,000 +8.4% $492 / Sq Ft
08/30/2017 08/30/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $1,799,000 -- $454 / 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 $32,064 $2,218,762 $1,058,178 $1,160,584
2023 $32,064 $2,132,607 $1,017,089 $1,115,518
2022 $30,303 $2,090,793 $997,147 $1,093,646
2021 $28,963 $2,049,798 $977,596 $1,072,202
2020 $27,771 $2,028,780 $967,572 $1,061,208
2019 $28,110 $1,989,000 $948,600 $1,040,400
2018 $25,506 $1,950,000 $900,000 $1,050,000
2017 $14,880 $1,021,108 $510,554 $510,554
2016 $13,385 $1,001,088 $500,544 $500,544
2015 $12,841 $986,052 $493,026 $493,026
2014 $12,826 $966,738 $483,369 $483,369
Source: Public Records

Agents Affiliated with this Home

  • Q

    Seller's Agent in 2017

    Quan Phan

    GBA Realty

  • J

    Buyer's Agent in 2017

    Jerry Li

    Global Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81673781

MLSListings

APN: 035-072-060

California San Mateo County San Mateo 94402 Hayward Park

426 E 16th Ave Unit 1, San Mateo, CA

Not Listed for Sale

MultiFamily

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