NOT LISTED FOR SALE

52 E 40th Ave San Mateo, CA 94403

Hillsdale Neighborhood

Estimated Value: $1,276,000 - $2,565,000

5 Beds
4 Baths
3,945 Sq Ft
$496/Sq Ft Est. Value

Last Sold October 01, 2012

Last sale price $735,000 $186 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $12,185/month

21 Days on Market

Highlights

  • Wood Flooring
  • George Hall Elementary School Rated A
  • Balcony

About This Home

As of October 2012

Nice 3 unit building close to Downtown San Mateo. Low maintenance and plenty of parking. Units are well kept with carpets, hardwood floors and tile. The lower unit has a nice sized kitchen with newer cabinets, granite countertops, and nice size back yard.

Last Agent to Sell the Property

Sunmeet Anand

WDB Realty and Finance Inc. License #01466907 Listed on: 06/29/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 6,752

Home Design

  • Triplex
  • Shingle Roof
  • Tar and Gravel Roof

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Parking

  • Carport
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • 2-Story Property
  • Balcony
  • Sprinkler System

Listing and Financial Details

  • Total Actual Rent $40,800
  • The owner pays for cable TV, electric, garbage, gas, heating, hot water, water

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Operating Expense $9,614
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Inspections Reports: Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Stories: 2
  • Laundry: In Some Units
  • Flooring: Tile, Carpet - Wall To Wall, Hardwood, Carpet, Varies By Unit

Exterior Features

  • Roof: Shingle, Tar And Gravel
  • Yard/Grounds: Sprinklers - Lawn, Balcony / Patio

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking, Uncovered Parking, Carport

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6750.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6750.00
  • Lot Size Area Min Search: 6750.00
  • Maximum Lot Size: 6750.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.75

Multi Family

  • Expenses Total: 9614
  • Income Annual Gross: 40800.00
  • Income Annual Rental: 40800
  • Income Gross Scheduled: 40800
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Master Electric, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Cable Tv, Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Heat, Utilities - Hot Water, Utilities - Water, Insurance, Fee - License/Advertising, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor, Miscellaneous/Other
  • Owner Pays: Cable Tv, Electric, Garbage, Gas, Heating, Hot Water, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2017
Sold by
Liu Hsiang Chung and Chang Celeste Sharon
Bought by
Price Enterpres Llc
Current Estimated Value
$1,958,333

Purchase Details

Listed on
Jun 29, 2012
Closed on
Aug 17, 2012
Sold by
Bakshi Mani and Bakshi Rajrani
Bought by
Liu Hsiang Chung and Chang Yu Mei
Seller's Agent
Sunmeet Anand
WDB Realty and Finance Inc.
List Price
$820,000
Sold Price
$735,000
Premium/Discount to List
-$85,000
-10.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
Sep 9, 2004
Sold by
Bakshi Mani P and Bakshi Raj Rani
Bought by
Bakshi Mani and Bakshi Rajrani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Bakshi Bhagyaditya
Bought by
Bakshi Mani P and Bakshi Raj Rani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,815
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2002
Sold by
Bakshi Mani P and Bakshi Raj Rani
Bought by
Bakshi Mani P and Bakshi Raj Rani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
6.06%

Purchase Details

Closed on
May 23, 2000
Sold by
Alberto Dini
Bought by
Bakshi Mani P and Bakshi Raj Rani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
9.65%
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
Price Enterpres Llc -- None Available
Liu Hsiang Chung $735,000 First American Title Company
Bakshi Mani -- First American Title Company
Bakshi Mani P -- North American Title Co
Bakshi Mani P -- North American Title Co
Bakshi Mani P $670,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bakshi Mani $706,000
Previous Owner Bakshi Mani P $129,815
Previous Owner Bakshi Mani P $715,000
Previous Owner Bakshi Mani P $500,000
Closed Bakshi Mani P $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2012 10/01/12 Sold $735,000 -10.4% $186 / Sq Ft
07/20/2012 07/20/12 Pending -- -- --
06/29/2012 06/29/12 For Sale $820,000 -- $208 / 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 $23,103 $1,733,324 $452,542 $1,280,782
2023 $23,103 $1,275,940 $434,970 $840,970
2022 $16,498 $1,120,884 $426,442 $694,442
2021 $13,010 $836,162 $418,081 $418,081
2020 $13,001 $827,590 $413,795 $413,795
2019 $12,436 $811,364 $405,682 $405,682
2018 $12,760 $795,456 $397,728 $397,728
2017 $11,328 $779,860 $389,930 $389,930
2016 $12,587 $764,570 $382,285 $382,285
2015 $10,313 $753,086 $376,543 $376,543
2014 $10,236 $738,336 $369,168 $369,168
Source: Public Records

Agents Affiliated with this Home

  • Sunmeet Anand

    Seller's Agent in 2012

    Sunmeet Anand

    WDB Realty and Finance Inc.

    (510) 676-8683

    1 in this area

    235 Total Sales

    Sunmeet Anand
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Map

Source: MLSListings

MLS Number: ML81224491

MLSListings

APN: 040-073-170

California San Mateo County San Mateo 94403 Hillsdale

52 E 40th Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

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