$1,835,000
SOLD DEC 10, 2024
6 Beds
5 Baths
4,100 Sq Ft
5,600 Sq Ft Lot

Recently Sold

$448 Per Sq Ft

3% Below List Price

16 Days on Market

Highlights

  • Panoramic View
  • Traditional Architecture
  • Fenced Yard
  • South San Francisco High School Rated A-
  • No HOA
  • 3-minute walk to City Hall Play Area

About This Home

As of December 2024

This amazing four plex in the heart of So San Francisco makes an incredible investment opportunity. Each unit currently occupied each with long term tenants. 536 4th Lane 3/1.5 two car garage. 539 Miller 1bed/1bath one car garage, 541 Miller 1bed/1bath one car garage and 539A Miller 1bed/1bath redwood deck and garden area. Close proximity to public transportation Caltrain / Bart, HI way 101 and SFO. Long term owners and well maintained.

Last Agent to Sell the Property

Paul Taylor

RE/MAX Grupe Gold License #00940274 Listed on: 10/20/2024

RE/MAX Grupe Gold

Last Buyer's Agent

John Sayage

Compass License #02068974

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,383

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 5,600 Sq Ft Lot
  • Fenced Yard

Parking

  • 4 Car Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Panoramic
  • Downtown

Home Design

  • Quadruplex
  • Traditional Architecture
  • Flat Roof Shape
  • Concrete Foundation
  • Combination Foundation
  • Frame Construction
  • Shingle Roof
  • Tar and Gravel Roof
  • Lap Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Electric Oven
  • Free-Standing Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • No Cooling
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Natural Gas Connected
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Balcony

Listing and Financial Details

  • Security Deposit $4,800
  • Tenant pays for water, sewer, gas, electricity, cable TV
  • Assessor Parcel Number 012-282-150

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • Terrabay Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • CPI Adjustment
  • Net Lease
  • Operating Expense $14,383
  • Net Operating Income $97,817

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,383

Year Built

Built in 1924 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Subtype Description: House(s), Apartments
  • Property Subtype 1: Quadruplex
  • Year Built: 1924
  • Architectural Style: Traditional
  • Levels: Two
  • Subdivision: TerraBay
  • Number of One Bedroom Units: 3
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Number Of1 Bedrooms Occupied: 3
  • Number Of3 Bedrooms Occupied: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Varies By Unit, Microwave, Gas Water Heater, Free Standing Refrigerator, Free Standing Gas Range, Free Standing Gas Oven, Free Standing Electric Range, Free Standing Electric Oven, Dishwasher
  • Other Equipment: Varies by Unit
  • Flooring: Varies by Unit, Tile, Laminate, Carpet
  • Basement: Full, Finished
  • Window Features: Varies by Unit, Dual Pane Partial, Caulked/Sealed

Exterior Features

  • Construction Materials: Wood, Stucco, Lap Siding, Frame, Concrete
  • Disclosures/Documents: Transfer Disclosure Statement, Structural Pest Control Report, Seller Property Questionnaire, Preliminary Title Report, Natural Hazard Disclosure Available, Lead Hazard Disclosure, Home Inspection Report
  • Exterior Features: Yard Space, Fenced Yard
  • Foundation: Concrete Perimeter, Concrete, Combination
  • Frontage Type: Varies by Unit
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1888000.00
  • Lot Features: Sidewalk, Curbs/Gutters, Curb(s)
  • New Construction: No
  • Patio And Porch Features: Varies by Unit, Balcony/Deck
  • Pool: No
  • Property Condition: Varies by Unit, Updated/Remodeled
  • Roof: Tar/Gravel, Shingle, Flat
  • Spa: No
  • Topography: Downslope,Downslope
  • View Description: Varies by Unit, Panoramic, Downtown

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Street, Off Street, Garage Door Opener, Garage, Attached
  • Total Parking Spaces: 4.00

Utilities

  • Security: Varies By Unit, Smoke Detector, Carbon Mon Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electric, City, Cable Connected, Cable Available
  • Cooling: None, Varies by Unit
  • Electric: 220 Volts
  • Heating: Wall Furnace, Varies by Unit
  • Laundry Features: Washer/Dryer Owned, Washer/Dryer Hookups, Varies by Unit, In Each Unit
  • Water Source: Public
  • Separate Meters: Water, Varies by Unit, Gas, Electricity

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: South San Francisco Unified

Lot Info

  • Zoning: RM0000
  • Irrigation: Public District
  • Lot Size Acres: 0.1286
  • Lot Size Sq Ft: 5600.00

Green Features

  • Energy Efficient: Windows, Appliances

Rental Info

  • Tenant Pays: Water, Sewer, Gas, Electricity, Cable TV
  • Total Deposit: 4800
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Gross Income: 112200
  • Operating Expense: 14383
  • Total Number Leasable: 4
  • Existing Lease Type: CPI Adjustment
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Units Furnished: None
  • One Bedroom Annual Occupancy: 100
  • Three Bedroom Annual Occupancy: 100

Tax Info

  • Assessor Parcel Number: 012-282-150
  • Current RE Taxes: 14383

MLS Schools

  • School District (County): San Mateo

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2024 12/10/24 Sold $1,835,000 -2.8% $448 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/20/2024 10/20/24 For Sale $1,888,000 -- $460 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 424075041

MetroList

APN: 012-282-150