NOT LISTED FOR SALE

429 Baden Ave South San Francisco, CA 94080

Downtown South San Francis Neighborhood

Estimated Value: $1,996,000 - $2,157,264

7 Beds
4 Baths
4,000 Sq Ft
$518/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $1,870,000 $468 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $13,056/month

33 Days on Market

About This Home

As of March 2020

Investment opportunity in booming South San Francisco! The subject property is located on a 50 X 140 foot lot fronting on both Baden Avenue and 2nd Lane. Consisting of four total units in 3 separate buildings. 429 Baden (will be delivered vacant) is a duplex, upstairs is a 2bd/1bath with laundry, downstairs is a garage and a 1BD/1Bath apartment. 431 Baden upstairs is a 2BD/1bath with laundry and the entire downstairs is garage / storage. 430 2nd Lane upstairs is a 2bd / 1 bath with laundry and the entire downstairs is garage/storage. All units are occupied with long term tenants on month to month leases currently paying below market rents. Huge upside in rents. Subject property is in the heart of Biotech industry and close to many large developments. Easy walk to downtown and Caltrain. Tenants pay all utilities. Possible lot split?

Last Agent to Sell the Property

Michael Costello

Costello Realty License #01004908 Listed on: 09/12/2019

Last Buyer's Agent

Michael Costello

Costello Realty License #01004908 Listed on: 09/12/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,078

Year Built

  • 1916

Lot Details

  • 7,000 Sq Ft Lot

Parking

  • 5 Car Attached Garage

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,264

Community Details

Overview

  • 4,000 Sq Ft Building

Building Details

  • 4 Leased Units
  • Operating Expense $7,500
  • Gross Income $84,264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,078

Year Built

1916

Lot Details

0

Parking

5

Listing Details

  • Zoning: RM0000
  • Subclass: Fourplex
  • Age: 103
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1916

Interior Features

  • Living Sq Ft: 4000
  • Stories: 2
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 5
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

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

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 24.92
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expenses Total: 7500
  • Income Annual Gross: 84264.00
  • Income Annual Rental: 84264
  • Income Gross Scheduled: 84264
  • Income Includes: Rents
  • Meters: Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Tax, Vacancy Factor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Chen Lin Family Trust
Bought by
Badenhome Llc
Current Estimated Value
$2,073,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,462,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 12, 2019
Closed on
Mar 2, 2020
Sold by
Baden Group Llc
Bought by
Chen Rymond Jia Hong and Lin Xia Hui
Seller's Agent
Michael Costello
Costello Realty
Buyer's Agent
Michael Costello
Costello Realty
List Price
$2,100,000
Sold Price
$1,870,000
Premium/Discount to List
-$230,000
-10.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.73%
Original Mortgage
$1,048,900
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Chamorro Bayardo J and Chamorro Gloria A
Bought by
Baden Group Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Badenhome Llc -- Old Republic Title
Chen Rymond Jia Hong $1,870,000 First American Title Company
Baden Group Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Badenhome Llc $1,462,500
Previous Owner Chen Rymond Jia Hong $1,048,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $1,870,000 -11.0% $468 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $2,100,000 -- $525 / 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 $24,078 $2,045,115 $1,093,645 $951,470
2023 $24,078 $1,965,702 $1,051,178 $914,524
2022 $22,361 $1,927,160 $1,030,567 $896,593
2021 $22,070 $1,889,373 $1,010,360 $879,013
2020 $9,202 $677,759 $202,461 $475,298
2019 $9,118 $664,471 $198,492 $465,979
2018 $8,907 $651,443 $194,600 $456,843
2017 $8,612 $638,671 $190,785 $447,886
2016 $8,330 $626,149 $187,045 $439,104
2015 $8,192 $616,745 $184,236 $432,509
2014 $8,060 $604,665 $180,628 $424,037
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Costello

    Costello Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81768246

MLSListings

APN: 012-322-180

California San Mateo County South San Francisco 94080 Downtown South San Francis

429 Baden Ave, South San Francisco, CA

This home is located at 429 Baden Ave, South San Francisco, CA 94080 since 12 September 2019 and is currently estimated at $2,073,755, approximately $518 per square foot. This property was built in 1916. 429 Baden Ave is a home located in San Mateo County with nearby schools including Spruce Elementary School, Parkway Heights Middle School, and South San Francisco High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes