NOT LISTED FOR SALE

435 Norfolk Dr Pacifica, CA 94044

Fairmont Neighborhood

Estimated Value: $1,720,000 - $2,441,013

5 Beds
5 Baths
2,710 Sq Ft
$733/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $1,400,000 $517 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $12,037/month

43 Days on Market

Highlights

  • Post and Beam
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Westmoor High School Rated A-

About This Home

As of September 2023

Welcome to this stunning 2-unit building located in Pacifica, boasting breathtaking ocean views. The building is designed to offer separate living spaces, with one unit featuring 3 bedrooms and 2.5 baths, while the other unit offers 2 bedrooms and 2 baths. Both units showcase decks to soak in the beauty of the ocean, as well as high ceilings, open living and dining areas, and cozy fireplaces. The 2-bedroom unit features a deck off the living room with ocean views, while the 3-bedroom unit offers two decks - one off the living room and another from the third-story bedroom. Parking is a breeze with a 2-car garage and additional space for 2 cars in the driveway. The property also includes spacious storage spaces. The washer/dryer hookups are conveniently available both in the units and in the garage. Separate utilities and forced air furnaces. Situated in a prime Pacifica location, just moments away from the beach, hiking trails, and bike paths and easy commute to SF!

Last Agent to Sell the Property

Nick Johnson

Coldwell Banker Realty License #01419663 Listed on: 07/13/2023

Coldwell Banker Realty

Last Buyer's Agent

Vicky li

Coldwell Banker Realty License #01896360

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1993

Lot Details

  • 8,194

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Post and Beam
  • Reinforced Concrete Foundation
  • Bitumen Roof

Interior Spaces

  • 2,710 Sq Ft Home
  • 2-Story Property

Additional Features

  • 8,194 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $84,424

Community Details

Overview

  • 2,710 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,000
  • Insurance Expense $3,000
  • Maintenance Expense $1,000
  • Operating Expense $18,124
  • Gross Income $80,203

Property Details

Home Type

Multi-Family

Year Built

1993

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2710
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1993

Interior Features

  • Living Sq Ft: 2710
  • Stories: 2

Exterior Features

  • Foundation: Post And Beam, Reinforced Concrete
  • Roof: Bitumen

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1881
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8195.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8195.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.71
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 1000
  • Expense Maintenance: 1000
  • Expenses Total: 18124
  • Income Annual Gross: 80203.00
  • Income Annual Rental: 84424
  • Income Gross Scheduled: 84424
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 8, 2023
Sold by
Chiu Ho-Man Rodney
Bought by
Feng Tao and Wei Yanlei
Seller's Agent
Nick Johnson
Coldwell Banker Realty
Buyer's Agent
Vicky li
Coldwell Banker Realty
List Price
$1,495,000
Sold Price
$1,400,000
Premium/Discount to List
-$95,000
-6.35%
Views
208
Current Estimated Value
$1,987,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$587,003
Avg. Annual Appreciation
16.52%
Original Mortgage
$980,000
Outstanding Balance
$957,938
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$1,029,065

Purchase Details

Listed on
Jan 12, 2013
Closed on
Apr 1, 2013
Sold by
Chiu Ho Man
Bought by
Chiu Ho Man Rodney and Ho Man Rodney Chiu Revocable Trust
Seller's Agent
Vince Armando
Armando Investment
Buyer's Agent
Nick Johnson
Coldwell Banker Realty
List Price
$799,000
Sold Price
$805,000
Premium/Discount to List
$6,000
0.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
Original Mortgage
$233,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2013
Closed on
Mar 25, 2013
Sold by
Oneill Francis J and Lorenz Carole L
Bought by
Chiu Ho Man
Seller's Agent
Vince Armando
Armando Investment
Buyer's Agent
Nick Johnson
Coldwell Banker Realty
List Price
$799,000
Sold Price
$805,000
Premium/Discount to List
$6,000
0.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2012
Sold by
Oneill Francis J
Bought by
Oneill Francis J and Lorenz Carole L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 1999
Sold by
Oneill Carole Lorenz
Bought by
Oneill Francis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.45%

Purchase Details

Closed on
Jun 27, 1996
Sold by
Norfolk Properties
Bought by
Obrien John David and Obrien Jolanda

Purchase Details

Closed on
Nov 4, 1993
Sold by
Norfolk Properties
Bought by
Dewar Donald and Dewar Kelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
6.91%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Feng Tao $1,400,000 Wfg National Title
Chiu Ho Man Rodney -- Accommodation
Chiu Ho Man $805,000 Fidelity National Title Co
Oneill Francis J -- Fidelity National Title Co
Oneill Francis J -- Fidelity National Title Co
Oneill Francis J $490,000 Fidelity National Title Co
Obrien John David -- American Title Ins Co
Dewar Donald -- Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feng Tao $980,000
Previous Owner Chiu Ho Man Rodney $233,000
Previous Owner Chiu Ho Man $233,000
Previous Owner Oneill Francis J $275,000
Previous Owner Oneill Francis J $350,000
Previous Owner Dewar Donald $259,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2023 09/12/23 Sold $1,400,000 -6.4% $517 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $1,495,000 +85.7% $552 / Sq Ft
04/09/2013 04/09/13 Sold $805,000 +0.8% $310 / Sq Ft View Prior Sale
02/28/2013 02/28/13 Pending -- -- --
01/12/2013 01/12/13 For Sale $799,000 -- $307 / 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 $19,154 $1,428,000 $897,600 $530,400
2024 $19,154 $1,400,000 $880,000 $520,000
2023 $13,458 $952,800 $476,400 $476,400
2022 $13,124 $934,118 $467,059 $467,059
2021 $13,889 $915,802 $457,901 $457,901
2020 $13,905 $906,412 $453,206 $453,206
2019 $13,078 $888,640 $444,320 $444,320
2018 $12,394 $871,216 $435,608 $435,608
2017 $12,041 $854,134 $427,067 $427,067
2016 $11,747 $837,388 $418,694 $418,694
2015 $11,396 $824,810 $412,405 $412,405
2014 $11,206 $808,654 $404,327 $404,327
Source: Public Records

Agents Affiliated with this Home

  • Nick Johnson

    Seller's Agent in 2023

    Nick Johnson

    Coldwell Banker Realty

    (415) 264-4789

    1 in this area

    38 Total Sales

    Nick Johnson
    Section Image
  • Vicky li

    Buyer's Agent in 2023

    Vicky li

    Coldwell Banker Realty

    (408) 300-3022

    5 in this area

    372 Total Sales

    Vicky li
    Section Image
  • Vince Armando

    Seller's Agent in 2013

    Vince Armando

    Armando Investment

    (415) 860-4527

    28 Total Sales

    Vince Armando
    Section Image
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Map

Source: MLSListings

MLS Number: ML81933309

MLSListings

APN: 009-382-220

California San Mateo County Pacifica 94044 Fairmont

435 Norfolk Dr, Pacifica, CA

Not Listed for Sale

MultiFamily

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