NOT LISTED FOR SALE

Estimated Value: $1,476,000 - $1,652,000

8 Beds
4 Baths
5,400 Sq Ft
$289/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $1,500,000 $278 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,164/month

57 Days on Market

Highlights

  • Forced Air Heating System
  • Capuchino High School Rated A-
  • Coin Laundry

About This Home

As of September 2022

Here is your opportunity to get into a good investment property. Well laid out, 4-unit apartment building. Each unit is a full size, 2-BR, 1-Bath. Floorplans are the same except two are mirror image. Six large carport spaces. Roof permit taken out in 2015. Floorplan in photos was done with a phone app, not actual measurements taken. Illustrative purposes only and dimensions cannot be relied on for accuracy. Half mile to Caltrain station, 1 mile to BART, 1 mile to HWY 101, 4 miles to Genentech and S.S.F. Biotech. Good upside potential! Tenants pay their own PG&E. Drive by only. PLEASE DO NOT DISTURB TENANTS!!

Last Agent to Sell the Property

John Gieseker

Intero Real Estate Services License #00768503 Listed on: 06/12/2022

Intero Real Estate Services

Last Buyer's Agent

John Gieseker

Intero Real Estate Services License #00768503 Listed on: 06/12/2022

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,994

Year Built

  • 1964

Lot Details

  • 5,502 Sq Ft Lot

Parking

  • 6 Carport Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,400 Sq Ft Home
  • 3-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $100,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $960
  • Insurance Expense $2,400
  • Maintenance Expense $4,200
  • Manager Expense $5,832
  • Utility Expense $9,000
  • Operating Expense $45,192
  • Gross Income $99,764

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,994

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: residential
  • Subclass: Fourplex
  • Age: 58
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 5400
  • Stories: 3
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Flat / Low Pitch, Tar And Gravel

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 6

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1263
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.18
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2400
  • Expense Landscape: 960
  • Expense Maintenance: 4200
  • Expense Management: 5832
  • Expenses Total: 45192
  • Expenses Utility: 9000
  • Income Annual Gross: 99764.00
  • Income Annual Rental: 100800
  • Income Gross Scheduled: 101800
  • Income Includes: Laundry
  • Income Other: 1000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2025
Sold by
433 Milton Ave Llc
Bought by
Si Tian Jen
Current Estimated Value
$1,562,652

Purchase Details

Closed on
Dec 31, 2023
Sold by
Jen Si Tian
Bought by
433 Milton Ave Llc

Purchase Details

Listed on
Jun 12, 2022
Closed on
Sep 12, 2022
Sold by
Si Lisa
Bought by
Si Tian Jen
Seller's Agent
John Gieseker
Intero Real Estate Services
Buyer's Agent
John Gieseker
Intero Real Estate Services
List Price
$1,885,000
Sold Price
$1,500,000
Premium/Discount to List
-$385,000
-20.42%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.40%
Original Mortgage
$1,125,000
Interest Rate
4.99%
Mortgage Type
Balloon

Purchase Details

Listed on
Jun 12, 2022
Closed on
Sep 9, 2022
Sold by
Mahnken Trust
Bought by
Si Tian Jen
Seller's Agent
John Gieseker
Intero Real Estate Services
Buyer's Agent
John Gieseker
Intero Real Estate Services
List Price
$1,885,000
Sold Price
$1,500,000
Premium/Discount to List
-$385,000
-20.42%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
4.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 12, 1995
Sold by
Mahnken Charles H and Mahnken Anne C
Bought by
Mahnken Charles H and Mahnken Anne C
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
Si Tian Jen -- None Listed On Document
433 Milton Ave Llc -- None Listed On Document
Si Tian Jen -- Orange Coast Title Company Of
Si Tian Jen $1,500,000 Orange Coast Title
Mahnken Charles H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Si Tian Jen $1,125,000
Previous Owner Si Tian Jen $1,125,000
Previous Owner Mahnken Charles H $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $1,500,000 -14.2% $278 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
07/30/2022 07/30/22 Price Changed $1,749,000 -7.2% $324 / Sq Ft
06/12/2022 06/12/22 For Sale $1,885,000 -- $349 / 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 $19,994 $1,560,600 $754,290 $806,310
2023 $19,994 $1,500,000 $725,000 $775,000
2022 $5,361 $477,914 $129,424 $348,490
2021 $5,292 $468,544 $126,887 $341,657
2020 $5,242 $463,740 $125,586 $338,154
2019 $5,158 $454,648 $123,124 $331,524
2018 $4,904 $445,734 $120,710 $325,024
2017 $4,852 $436,995 $118,344 $318,651
2016 $4,749 $428,427 $116,024 $312,403
2015 $4,687 $421,993 $114,282 $307,711
2014 $4,619 $413,728 $112,044 $301,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81895928

MLSListings

APN: 020-391-160