$1,600,000
SOLD FEB 18, 2025
6 Beds
6 Baths
5,632 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$284 Per Sq Ft

6% Below List Price

77 Days on Market

Highlights

  • Double Pane Windows
  • Security Gate
  • Zero Lot Line
  • Westmoor High School Rated A-
  • Tile Flooring
  • Coin Laundry

About This Home

As of February 2025

661 Villa Street, Daly City is an excellent choice for both seasoned and first-time investors looking to secure a reliable and straightforward addition to their portfolio. It's also a great option for those seeking passive income during retirement This impressive low-turnover building features two units with two bedrooms and two bathrooms, as well as two units with one bedroom and one bathroom. With long-term tenants already in place, managing this property is a breeze. Tenants are responsible for their own utilities, while the owner covers water and garbage expenses. Additionally, the property offers a coin-operated washer and dryer, a spacious ground-level garage with four parking spaces, and a low-maintenance front yard. Interior pictures for Apt #1 were taken in 2022.

Last Agent to Sell the Property

Norma Sayage

Sayage Realty Group License #00823440 Listed on: 11/08/2024

Sayage Realty Group

Co-Listed By

John Sayage

Compass License #02068974

Last Buyer's Agent

Cathylnne Liumai

Intero Burlingame License #01979090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,359

Year Built

  • 1968

Lot Details

  • 2,500 Sq Ft Lot
  • Level Lot
  • Grass Covered Lot
  • Zero Lot Line

Parking

  • 4 Car Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,632 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Security Gate

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $112,860

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $3,743
  • Maintenance Expense $2,500
  • Other Expense $898
  • Utility Expense $2,762
  • Trash Expense $3,286
  • Operating Expense $37,129
  • Gross Income $114,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,359

Year Built

1968

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5632
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 5632
  • Stories: 3
  • Security: Security Building
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • Yard/Grounds: Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Security Gate

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Description: Grade - Level, Zero Lot Line
  • Lot Acres: 0.0574
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2500.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.82
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3743
  • Expense Maintenance: 2500
  • Expenses Other: 898
  • Expenses Total: 37129
  • Expenses Utility: 2762
  • Expense Trash: 3286
  • Income Annual Gross: 114660.00
  • Income Annual Rental: 112860
  • Income Gross Scheduled: 114660
  • Income Includes: Laundry, Rents
  • Income Other: 1800
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Maintenance - Repair, Services - Trash Removal, Utilities, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2024
Closed on
Feb 6, 2025
Sold by
Caceres Family Trust and Caceres Pedro
Bought by
Lily L G Li Revocable Trust and Li
Seller's Agent
Norma Sayage
Sayage Realty Group
Buyer's Agent
Cathylnne Liumai
Intero Burlingame
List Price
$1,699,000
Sold Price
$1,600,000
Premium/Discount to List
-$99,000
-5.83%
Views
60
Current Estimated Value
$1,631,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,316
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Apr 12, 2011
Sold by
Caceres Pedro and Caceres Ivette
Bought by
Caceres Pedro and Caceres Ivette

Purchase Details

Closed on
Jan 10, 2007
Sold by
Mccoy Casey and Mccoy Grace
Bought by
Caceres Pedro and Caceres Ivette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
2.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 22, 2004
Sold by
Rivera Jose A and Rivera Maria A
Bought by
Mccoy Casey and Mccoy Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$674,950
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,600,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $1,100,000 Chicago Title Company
Grant Deed $900,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $825,000 Negative Amortization
Previous Owner $674,950 Purchase Money Mortgage
Previous Owner $200,000 Credit Line Revolving
Previous Owner $290,000 Unknown
Previous Owner $290,000 Unknown
Previous Owner $250,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2025 02/18/25 Sold $1,600,000 -5.8% $284 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
11/08/2024 11/08/24 For Sale $1,699,000 -- $302 / 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 $20,359 $1,473,756 $736,878 $736,878
2023 $20,359 $1,416,530 $708,265 $708,265
2022 $20,052 $1,388,756 $694,378 $694,378
2021 $18,878 $1,361,526 $680,763 $680,763
2020 $20,308 $1,347,566 $673,783 $673,783
2019 $19,239 $1,321,144 $660,572 $660,572
2018 $18,975 $1,295,240 $647,620 $647,620
2017 $18,653 $1,269,844 $634,922 $634,922
2016 $18,227 $1,244,946 $622,473 $622,473
2015 $17,114 $1,190,000 $595,000 $595,000
2014 $13,149 $815,000 $407,500 $407,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81986116

MLSListings

APN: 006-485-230