NOT LISTED FOR SALE

512 Keoncrest Dr South San Francisco, CA 94080

Serra Highlands Neighborhood

Estimated Value: $1,628,000 - $1,713,000

7 Beds
4 Baths
3,250 Sq Ft
$513/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $1,650,000 $508 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,829/month

15 Days on Market

About This Home

As of June 2024

Unlock Investment Potential in the desirable Sierra Highlands. This 3-unit residence offers a compelling opportunity for investors seeking a stable asset with income-generation potential. Imagine the possibilities: owner-occupy a unit and potentially offset your mortgage with rental income (house hacking), or build your investment portfolio with a property poised for future returns. The building boasts a functional layout with three spacious units, totaling 7 bedrooms and 3.5 bathrooms across 3,250 square feet. Each unit enjoys access to a shared laundry area and a dedicated space in the attached garage for convenient parking. A shared backyard provides a play or gathering space for tenants. The current rent roll offers a solid foundation, with two long-term tenants occupying two units. One vacant unit presents an immediate chance to capitalize on the current market rate. This residence is nestled in the desirable Serra Highlands neighborhood of South San Francisco. Residents enjoy close proximity to Kaiser Permanente, Alta Loma Park, Buri Buri Park, and Buri Buri Elementary School. Convenient shopping is nearby with Westborough Plaza and a Costco just minutes away, while easy access to I-280 and El Camino Real ensures effortless commutes throughout the Bay Area.

Last Agent to Sell the Property

Caroline Huo

KW Advisors License #70010141 Listed on: 05/17/2024

KW Advisors

Co-Listed By

Julian Gonda

KW Advisors License #02125232

Last Buyer's Agent

Jaime Gonzalez

Gonzalez Properties License #01126649

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,896

Year Built

  • 1960

Lot Details

  • 5,088 Sq Ft Lot

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Triplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $106,020

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $960
  • Manager Expense $5,400
  • Other Expense $1,032
  • Utility Expense $11,940
  • Operating Expense $23,302
  • Gross Income $106,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,896

Year Built

1960

Lot Details

0

Parking

3

Listing Details

  • Zoning: CL00C1
  • Subclass: Triplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3250
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 3250
  • Stories: 2
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: On Street

Utilities

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

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Acres: 0.1168
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5088.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5088.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 16.15
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Landscape: 960
  • Expense Management: 5400
  • Expenses Other: 1032
  • Expenses Total: 23302
  • Expenses Utility: 11940
  • Income Annual Gross: 106820.00
  • Income Annual Rental: 106020
  • Income Gross Scheduled: 106820
  • Income Includes: Laundry, Lease
  • Income Other: 800
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 12, 2024
Sold by
Finnigan Cornelius F and Finni Barbara
Bought by
Geronimo Family Revocable Trust and Geronimo
Seller's Agent
Caroline Huo
KW Advisors
Buyer's Agent
Jaime Gonzalez
Gonzalez Properties
List Price
$1,725,000
Sold Price
$1,650,000
Premium/Discount to List
-$75,000
-4.35%
Views
25
Current Estimated Value
$1,667,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,940
Avg. Annual Appreciation
0.94%
Original Mortgage
$450,437
Outstanding Balance
$445,485
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$1,222,455

Purchase Details

Closed on
Jun 6, 2003
Sold by
Finnigan Cornelius F and Finnigan Barbara J
Bought by
Finnegan Cornelius F and Finnegan Barbara J
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
Geronimo Family Revocable Trust $1,650,000 Wfg National Title Insurance C
Finnegan Cornelius F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geronimo Family Revocable Trust $450,437
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $1,650,000 -4.3% $508 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $1,725,000 -- $531 / 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 $20,896 $1,683,000 $1,081,200 $601,800
2023 $20,896 $162,318 $40,035 $122,283
2022 $3,800 $159,136 $39,250 $119,886
2021 $3,733 $156,017 $38,481 $117,536
2020 $3,675 $154,418 $38,087 $116,331
2019 $3,655 $151,391 $37,341 $114,050
2018 $3,577 $148,423 $36,609 $111,814
2017 $3,384 $145,514 $35,892 $109,622
2016 $3,150 $142,662 $35,189 $107,473
2015 $3,093 $140,520 $34,661 $105,859
2014 $3,063 $137,769 $33,983 $103,786
Source: Public Records

Agents Affiliated with this Home

  • Caroline Huo

    Seller's Agent in 2024

    Caroline Huo

    KW Advisors

    (650) 558-6846

    1 in this area

    117 Total Sales

    Caroline Huo
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Julian Gonda

    KW Advisors

    (650) 502-5110

    1 in this area

    22 Total Sales

    Julian Gonda
    Section Image
  • Jaime Gonzalez

    Buyer's Agent in 2024

    Jaime Gonzalez

    RE/MAX

    (650) 779-7307

    1 in this area

    58 Total Sales

    Jaime Gonzalez
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81966272

MLSListings

APN: 010-263-170

California San Mateo County South San Francisco 94080 Serra Highlands

512 Keoncrest Dr, South San Francisco, CA

This home is located at 512 Keoncrest Dr, South San Francisco, CA 94080 since 17 May 2024 and is currently estimated at $1,667,940, approximately $513 per square foot. This property was built in 1960. 512 Keoncrest Dr is a home located in San Mateo County with nearby schools including Buri Buri Elementary School, Alta Loma Middle School, and El Camino 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