NOT LISTED FOR SALE

458 Railroad Ave South San Francisco, CA 94080

Downtown South San Francis Neighborhood

Estimated Value: $1,640,128 - $2,269,000

5 Beds
3 Baths
2,367 Sq Ft
$788/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $1,450,000 $613 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $11,891/month

70 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Tandem Parking
  • South San Francisco High School Rated A-
  • 3 Car Attached Garage
  • Washer and Dryer

About This Home

As of October 2018

Come & see this Multi-Family, 2 houses sitting on a 6,000 sq.ft. lot conveniently located near schools, Grand Avenue shopping, SFO & transportation. The front house, 458 Railroad Ave, has been totally remodeled 4 years ago, it features: Living room, opened kitchen w/stainless steel appliances, quartz countertops, eating area, 3 bedrooms 2 baths (1 master suite). Beautiful hardwood flooring throughout. Downstairs w/laundry room & huge 2 car parking garage. The house in the back, 459 First Lane, it features: Living room, remodeled opened kitchen, dining room & kitchen combined, 2 bedrooms & 1 remodeled bath. 1 car parking garage. Entrance to this house is from First Lane. Huge vacant land on Railroad Ave side, great for future potential.

Last Agent to Sell the Property

Michael Al-Ahwal

Comax Realty, Inc. License #00915425 Listed on: 05/17/2018

Last Buyer's Agent

George Lai

Far East Realty License #00986068

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,492

Year Built

  • 1959

Lot Details

  • 5,998 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 3 Car Attached Garage
  • Tandem Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,367 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Disposal

Flooring

  • Wood
  • Tile

Utilities

  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $58,200

Community Details

Overview

  • 2,367 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,600
  • Utility Expense $720
  • Operating Expense $11,920
  • Gross Income $58,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,492

Year Built

1959

Lot Details

0

Parking

3

Listing Details

  • Zoning: RM2
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2367
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Countertop - Other, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Gas, Refrigerator
  • Living Sq Ft: 2367
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Tandem Parking

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level, Paved, Regular
  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 25.76
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1600
  • Expenses Total: 11920
  • Expenses Utility: 720
  • Income Annual Gross: 58220.00
  • Income Annual Rental: 58200
  • Income Gross Scheduled: 58220
  • Income Other: 20
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2018
Closed on
Sep 12, 2018
Sold by
Peterson Laura and The William King Benton Revoca
Bought by
Sieger Property Development Llc
Seller's Agent
Michael Al-Ahwal
Comax Realty, Inc.
Buyer's Agent
George Lai
Far East Realty
List Price
$1,500,000
Sold Price
$1,450,000
Premium/Discount to List
-$50,000
-3.33%
Current Estimated Value
$1,866,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,043
Avg. Annual Appreciation
3.63%
Original Mortgage
$820,000
Outstanding Balance
$717,432
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,148,611

Purchase Details

Closed on
Jul 27, 2017
Sold by
Benton William K
Bought by
Benton William K and The William King Benton Revoca

Purchase Details

Closed on
Jan 9, 2015
Sold by
Hua De Kang
Bought by
Yang Zhiming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 19, 2013
Closed on
Nov 19, 2013
Sold by
Ming Raymond and Scampini Amelia B
Bought by
Benton William King and Yang Zhiming
Seller's Agent
Ed Khanin
Bay Properties
Buyer's Agent
Ed Khanin
Bay Properties
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
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
Sieger Property Development Llc $1,450,000 Fidelity National Title Co
Benton William K -- None Available
Yang Zhiming -- Fidelity National Title Co
Benton William King $650,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sieger Property Development Llc $820,000
Previous Owner Yang Zhiming $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2018 10/05/18 Sold $1,450,000 -3.3% $613 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $1,500,000 +130.8% $634 / Sq Ft
11/22/2013 11/22/13 Sold $650,000 -7.1% -- View Prior Sale
09/16/2013 09/16/13 Pending -- -- --
02/19/2013 02/19/13 For Sale $700,000 -- --
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 $25,492 $2,246,940 $808,749 $1,438,191
2023 $25,492 $2,297,192 $777,346 $1,519,846
2022 $22,374 $1,994,458 $762,104 $1,232,354
2021 $17,211 $1,494,322 $747,161 $747,161
2020 $17,000 $1,479,000 $739,500 $739,500
2019 $16,815 $1,450,000 $725,000 $725,000
2018 $9,947 $811,212 $538,684 $272,528
2017 $9,673 $795,307 $528,122 $267,185
2016 $9,445 $779,714 $517,767 $261,947
2015 $8,302 $675,486 $331,493 $343,993
2014 $8,026 $650,000 $325,000 $325,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Al-Ahwal

    Comax Realty, Inc.

  • G

    Buyer's Agent in 2018

    George Lai

    Far East Realty

  • E

    Seller's Agent in 2013

    Ed Khanin

    Bay Properties

See All Agents

Map

Source: MLSListings

MLS Number: ML81706065

MLSListings

APN: 012-323-480

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

458 Railroad Ave, South San Francisco, CA

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