NOT LISTED FOR SALE

55 Bill Drake Way Pacifica, CA 94044

Fairmont Neighborhood

Estimated Value: $1,528,319

0.18 Acre
$8,351,470 Price per Acre
7,971 Sq Ft Lot

Last Sold December 15, 2013

Last sale price $800,000

Est. 91% increase in value since last sale

Current estimated payment $9,382/month

20 Days on Market

About This Lot

As of December 2013

Rare opportunity to own a restaurant building in a prime location of Manor Shopping Center, Pacifica. Orginally built as an office. it was completely transformed into a Modern Asian Restaurant 2002.High ceiling, approx. 5000 sq.ft. 150 seating capacity. Business is also for sale at $80,000. Please do not disturb employees. Owner will carry 1st loan.

Last Agent to Sell the Property

George Lai

Far East Realty License #00986068 Listed on: 09/12/2013

Last Buyer's Agent

George Lai

Far East Realty License #00986068 Listed on: 09/12/2013

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,580

Lot Details

Utilities

  • Underground Utilities
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$16,580

Lot Details

0

Listing Details

  • Zoning: c1
  • Subclass: Other Commercial Land
  • Listing Class: Commercial Lots & Land
  • Present Use: Commercial
  • Development Status: No Site Approval
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Number: 23
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7921.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7921.00
  • Lot Size Area Min Search: 7921.00
  • Maximum Lot Size: 7921.00
  • Parcel Access: No Parcel Access

Rental Info

  • Lease Amount: 1000000

Multi Family

  • Utilities: Gas - On Site, Underground - On Site
  • Number Of Buildings: 1

MLS Schools

  • High School District Text: Jefferson Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Kong Yin Ah and Kong Vendy
Bought by
Kong Yin Ah and Kong Vendy
Current Estimated Value
$1,528,319

Purchase Details

Closed on
Jul 12, 2017
Sold by
Kong Yin Ah and Kong Vendy
Bought by
Kong Yin Ah and Kong Vendy

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
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2014
Sold by
Kong Kok Lai
Bought by
Kong Yin Ah

Purchase Details

Closed on
May 7, 2002
Sold by
Harper Jack F
Bought by
Gong Lina Yin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 1999
Sold by
Pacifica Care Center Inc
Bought by
Vajs Pacifica Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,256,800
Interest Rate
8.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 1999
Sold by
Hurthere Catherine P Tr
Bought by
Revo Harper Jack F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,256,800
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kong Yin Ah -- None Available
Kong Yin Ah -- Old Republic Title Company
Kong Yin Ah -- Fidelity National Title Co
Kong Vendy -- Fidelity National Title Co
Kong Yin Ah $800,000 Fidelity National Title Co
Gong Lina Yin $375,000 Fidelity National Title Co
Vajs Pacifica Llc $2,300,000 First American Title Co
Revo Harper Jack F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kong Yin Ah $715,000
Previous Owner Gong Lina Yin $243,750
Previous Owner Vajs Pacifica Llc $2,256,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2013 12/15/13 Sold $800,000 -92.7% --
10/02/2013 10/02/13 Pending -- -- --
09/12/2013 09/12/13 For Sale $11,000,000 -- --
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 $16,580 $980,681 $306,461 $674,220
2023 $16,580 $942,601 $294,561 $648,040
2022 $13,984 $924,120 $288,786 $635,334
2021 $12,638 $906,001 $283,124 $622,877
2020 $14,194 $896,712 $280,221 $616,491
2019 $13,607 $879,130 $274,727 $604,403
2018 $10,827 $861,893 $269,341 $592,552
2017 $10,496 $844,994 $264,060 $580,934
2016 $10,392 $828,427 $258,883 $569,544
2015 $9,983 $815,984 $254,995 $560,989
2014 $5,999 $451,910 $241,019 $210,891
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    George Lai

    Far East Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81333858

MLSListings

APN: 009-132-020

California San Mateo County Pacifica 94044 Fairmont

55 Bill Drake Way, Pacifica, CA

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