NOT LISTED FOR SALE

Estimated Value: $1,704,000 - $2,087,000

6 Beds
6 Baths
5,682 Sq Ft
$336/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2016

Last sale price $1,415,000 $249 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $12,173 / mo

81 Days on Market

Highlights

  • 4 Car Attached Garage
  • Westmoor High School Rated A-
  • Secured Garage or Parking

About This Home

As of May 2016

Turn key 4 unit investment property located less than 1/2 mile to the Colma Bart Station. Fantastic Unit Mix: (2) 2 Bed/2 bath and (2) 1 Bed/1 Bath units. Three units have been completely renovated with new kitchens, baths, floors, appliances, etc. The remaining unit has a completely renovated kitchen. All new flooring (laminate & carpet) in common hallway area and stairs. All renovations completed within the last year. Rents listed are actual and in place.

Last Agent to Sell the Property

Steve Zirelli

Cassidy Turley Northern California, Inc. License #01929245 Listed on: 01/29/2016

Co-Listed By

Brian Henry

Cassidy Turley Northern California, Inc. License #01385537

Last Buyer's Agent

Ming Lei

Prestige Realty License #01934839

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 2,483 Sq Ft Lot

Parking

  • 4 Car Attached Garage
  • Secured Garage or Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,682 Sq Ft Home
  • 3-Story Property

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $105,972

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,705
  • Maintenance Expense $2,000
  • Other Expense $480
  • Utility Expense $6,400
  • Trash Expense $1,944
  • Operating Expense $33,050
  • Gross Income $103,957

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

2,483 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5682
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 5682
  • Stories: 3
  • Security: Secured Garage / Parking

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.0570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2500.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 13.53
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 1705
  • Expense Maintenance: 2000
  • Expenses Other: 480
  • Expenses Total: 33050
  • Expenses Utility: 6400
  • Expense Trash: 1944
  • Income Annual Gross: 103957.00
  • Income Annual Rental: 105972
  • Income Gross Scheduled: 107172
  • Income Includes: Laundry
  • Income Other: 1200
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2016
Closed on
May 2, 2016
Sold by
Kletter Cary S and Nguyen Ngan Ha D
Bought by
Xindi Inc
Seller's Agent
Steve Zirelli
Cassidy Turley Northern California, Inc.
Buyer's Agent
Ming Lei
Prestige Realty
List Price
$1,598,000
Sold Price
$1,415,000
Premium/Discount to List
-$183,000
-11.45%
Current Estimated Value
$1,911,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$496,605
Avg. Annual Appreciation
3.05%

Purchase Details

Listed on
Nov 7, 2014
Closed on
Dec 17, 2014
Sold by
Huyen Hang Nga Cong and Nguyen Xuan Duc
Bought by
The Hang Nga Ton Nu Cong Huyen Revocable and Nguyen Xuan Duc
Seller's Agent
Sam Chong
Global Realty
Buyer's Agent
Cary Kletter
Lion's Gate Estates, Inc.
List Price
$950,000
Sold Price
$965,000
Premium/Discount to List
$15,000
1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.94%
Original Mortgage
$665,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2014
Closed on
Dec 16, 2014
Sold by
Phan Ngan
Bought by
Tsang Steven C
Seller's Agent
Sam Chong
Global Realty
Buyer's Agent
Cary Kletter
Lion's Gate Estates, Inc.
List Price
$950,000
Sold Price
$965,000
Premium/Discount to List
$15,000
1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2014
Closed on
Dec 12, 2014
Sold by
Tsang Steven C and Tsang Jason Seuchea
Bought by
Kletter Cary S and Nguyen Ngan Ha D
Seller's Agent
Sam Chong
Global Realty
Buyer's Agent
Cary Kletter
Lion's Gate Estates, Inc.
List Price
$950,000
Sold Price
$965,000
Premium/Discount to List
$15,000
1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2007
Sold by
Tsang Steven C and Tsang Jason Seuchea
Bought by
Tsang Steven C and Tsang Jason Seuchea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2006
Sold by
Tsang Jason Seuchea and Tsang Leslie Ieng
Bought by
Tsang Steven C and Tsang Jason Suchea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
6.99%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 28, 2005
Sold by
Tsang Jason Seuchea and Tsang Leslie Ieng
Bought by
Tsang Jason Seuchea and Tsang Leslie Ieng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 25, 2004
Sold by
Chan Philip W L and Chan Emmy Lili
Bought by
Tsang Jason Seuchea and Tsang Leslie Ieng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1994
Sold by
Chan Philip W L and Chan Emmy Lili
Bought by
Chan Philip W L and Chan Emmy Lili
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Xindi Inc $1,415,000 Old Republic Title Company
The Hang Nga Ton Nu Cong Huyen Revocable -- First American Title Company
Tsang Steven C -- First American Title Company
Kletter Cary S $965,000 Fidelity Natl Title Ins Co
Tsang Steven C -- Alliance Title Company
Tsang Steven C -- Fidelity National Title Co
Tsang Jason Seuchea -- Fidelity National Title
Tsang Jason Seuchea $800,000 First American Title Co
Chan Philip W L -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Kletter Cary S $665,000
Previous Owner Tsang Steven C $675,000
Previous Owner Tsang Steven C $685,000
Previous Owner Tsang Jason Seuchea $78,000
Previous Owner Tsang Jason Seuchea $691,500
Previous Owner Tsang Jason Seuchea $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2016 05/20/16 Sold $1,415,000 -11.5% $249 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $1,598,000 +65.6% $281 / Sq Ft
12/18/2014 12/18/14 Sold $965,000 +1.6% $170 / Sq Ft View Prior Sale
11/19/2014 11/19/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $950,000 -- $167 / Sq Ft
Source: MLSListings

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 $21,938 $1,675,068 $837,534 $837,534
2023 $21,938 $1,610,024 $805,012 $805,012
2022 $20,217 $1,578,456 $789,228 $789,228
2021 $19,783 $1,547,506 $773,753 $773,753
2020 $20,137 $1,531,640 $765,820 $765,820
2019 $19,050 $1,501,608 $750,804 $750,804
2018 $18,017 $1,472,166 $736,083 $736,083
2017 $16,378 $1,379,209 $721,650 $657,559
2016 $13,414 $979,716 $489,858 $489,858
2015 $14,087 $965,000 $482,500 $482,500
2014 $12,349 $880,000 $440,000 $440,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81548777

MLSListings

APN: 006-453-120

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