$1,500,000
SOLD NOV 16, 2018
5 Beds
2 Baths
1,770 Sq Ft
5,602 Sq Ft Lot

Recently Sold

$847 Per Sq Ft

27 Days on Market

About This Home

As of November 2018

Opportunity knocks with this turn key duplex that is two homes on one lot. The front house, which faces Miller avenue, is a 3BR 1BATH with an updated kitchen and great curb appeal. The back house has its own private entrance via 4th Lane and is a 2BR 1BATH with a newly remodeled kitchen and newly refinished, gleaming two-car garage. Both houses have brand new roofs and gutters, new coat of paint inside and out, new heaters, updated baths and new carpet and light fixtures throughout. Outdoor newly landscaped yard front and back. The property is just steps away from the thriving downtown South San Francisco and has easy access to the freeway, transit, San Francisco, bio tech hub, GenenTech and more. This ideal setting provides many possibilities--move in to one home and rent out another for additional cash, or rent out both for good returns.

Last Agent to Sell the Property

Daniel Chavez

Compass License #01962446 Listed on: 10/04/2018

Compass

Last Buyer's Agent

Feroza Unvala

Compass SF License #01929654

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,706

Year Built

  • 1919

Lot Details

  • 5,602 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,770 Sq Ft Home
  • Crawl Space

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $83,880

Community Details

Overview

  • 1,770 Sq Ft Building

Building Details

  • Gardener Expense $1
  • Insurance Expense $1,200
  • Maintenance Expense $600
  • Operating Expense $19,442
  • Gross Income $82,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,706

Year Built

1919

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Age: 99
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1770
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1919

Interior Features

  • Living Sq Ft: 1770

Exterior Features

  • Foundation: Concrete Slab, Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Acres: 0.1286
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5600.00

Rental Info

  • Gross Rent Multiplier: 17.82

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Landscape: 1
  • Expense Maintenance: 600
  • Expenses Total: 19442
  • Income Annual Gross: 82202.00
  • Income Annual Rental: 83880
  • Income Gross Scheduled: 83880
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2022
Sold by
Yaw Harvey W
Bought by
Yaw Barber Revocable Trust
Current Estimated Value
$1,662,137

Purchase Details

Listed on
Oct 4, 2018
Closed on
Nov 12, 2018
Sold by
Hanson Rickard and Hanson Marilyn J
Bought by
Yaw Harvey W
Seller's Agent
Daniel Chavez
Compass
Buyer's Agent
Feroza Unvala
Compass SF
List Price
$1,495,000
Sold Price
$1,500,000
Premium/Discount to List
$5,000
0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.53%
Original Mortgage
$400,000
Interest Rate
4.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 30, 2018
Closed on
Jun 19, 2018
Sold by
Mroaes Lawrence A and Mroaes Sharon E
Bought by
Hanson Rickard and Hanson Marilyn J
Seller's Agent
Anne Oliva
Marshall Realty
Buyer's Agent
Daniel Chavez
Compass
List Price
$1,300,000
Sold Price
$1,125,000
Premium/Discount to List
-$175,000
-13.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
113.20%
Original Mortgage
$335,000
Interest Rate
3.2%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 13, 2009
Sold by
Moraes Lawrence A and Moraes Sharon E
Bought by
Moraes Lawrence A and Moraes Sharon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2006
Sold by
Moraes Lawrence Anthony
Bought by
Moraes Lawrence A and Moraes Sharon E

Purchase Details

Closed on
Aug 4, 1997
Sold by
Moraes Sharon
Bought by
Moraes Lawrence A and Moraes Sharon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1995
Sold by
Moraes Paul Peyton
Bought by
Moraes Lawrence Anthony

Purchase Details

Closed on
Mar 14, 1994
Sold by
Moraes Lawrence and Moraes Lawrence Anthony
Bought by
Delong Gloria Moraes and Moraes Lawrence

Purchase Details

Closed on
Mar 2, 1994
Sold by
Moraes Paul Peyton
Bought by
Moraes Lawrence
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Grant Deed -- Thompson Welch Soroko & Gilber
Grant Deed -- Thompson Welch Soroko & Gilber
Grant Deed $1,500,000 Lawyers Title Co
Grant Deed $1,125,000 Fidelity National Title Co
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Co
Grant Deed -- --
Grant Deed -- --
Quit Claim Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Credit Line Revolving
Previous Owner $335,000 Adjustable Rate Mortgage/ARM
Previous Owner $402,794 Commercial
Previous Owner $425,000 Commercial
Previous Owner $406,400 Unknown
Previous Owner $317,000 Unknown
Previous Owner $315,000 Commercial
Previous Owner $225,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2021 01/18/21 Rented $2,850 -5.0% --
11/16/2020 11/16/20 For Rent $3,000 0.0% --
11/16/2018 11/16/18 Sold $1,500,000 +0.3% $847 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $1,495,000 +32.9% $845 / Sq Ft
06/29/2018 06/29/18 Sold $1,125,000 -13.5% $1,607 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
03/30/2018 03/30/18 For Sale $1,300,000 -- $1,857 / 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 $18,706 $1,673,274 $836,637 $836,637
2023 $18,706 $1,608,300 $804,150 $804,150
2022 $17,373 $1,576,766 $788,383 $788,383
2021 $17,156 $1,545,850 $772,925 $772,925
2020 $16,950 $1,530,000 $765,000 $765,000
2019 $16,759 $1,500,000 $750,000 $750,000
2018 $3,946 $299,397 $102,939 $196,458
2017 $3,824 $293,527 $100,921 $192,606
2016 $3,707 $287,773 $98,943 $188,830
2015 $3,646 $283,451 $97,457 $185,994
2014 $3,563 $277,899 $95,548 $182,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81726323

MLSListings

APN: 012-282-050