$1,500,000
SOLD JUN 11, 2025
8 Beds
-- Bath
3,072 Sq Ft
4,344 Sq Ft Lot

Recently Sold

$488 Per Sq Ft

3 Days on Market

Highlights

  • Water Views
  • Laundry Facilities
  • Level Lot
  • Terra Nova High School Rated A-

About This Home

As of June 2025

73 Carmel Ave is a charming four-unit building, each featuring two bedrooms and one bathroom. Every unit includes two carport parking for tenants. With a gross annual income of $111,276 and an impressive 4.94% actual cap rate, this property represents a solid investment opportunity. Located just half a block from the water, the property offers easy access to Highway 1, nearby restaurants, schools, and more. Additionally, 73 Carmel Ave connects to 65 Carmel Ave, which is also available for sale. Buyers have the option to purchase either property separately or together for a comprehensive investment. Seller financing options are available. Don't miss out on this fantastic opportunity!

Last Agent to Sell the Property

Jenny Ying He

Jenny He Realty Associates License #01255995 Listed on: 04/27/2025

Last Buyer's Agent

Sonny Tang

Corcoran Icon Properties License #01949981

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,344 Sq Ft Lot
  • Level Lot

Parking

  • 8 Carport Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,072 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Free-Standing Electric Range
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Separate Meters
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 016-012-250

Community Details

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Property Condition: Original
  • Accessibility Features: None
  • Stories: 2
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Appliances: Free Standing Electric Range, Free Standing Refrigerator
  • Laundry Features: In Common Area, Washer/Dryer Hookups
  • Price Per Square Foot: 488.28
  • Square Footage: 3072.00

Exterior Features

  • Construction Materials: Stucco
  • Roof: Flat
  • View: Water

Garage/Parking

  • Carport Spaces: 8.00
  • Covered Parking Spaces: 4.00

Utilities

  • Cooling: None
  • Security Features: Carbon Mon Detector, Smoke Detector
  • Sewer: Sewer Connected
  • Utilities: Natural Gas Connected
  • Water Source: Meter on Site, Public

Fee Information

  • Utilities Expenses: 7406

Lot Info

  • Assessor Parcel Number: 016-012-250
  • Lot Features: Shape Regular, Sidewalk
  • Lot Size Acres: 0.0997
  • Lot Size Sq Ft: 4344.00
  • Lot Size Units: SqFt
  • Price Per Acre: 15045135.41
  • Topography: Level

Rental Info

  • Number Of Units Month To Month: 4
  • Units Furnished: None

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Rent Multiplier: 13.48
  • Number Of2 Bedrooms Occupied: 4
  • Number Of Units Leased: 4
  • Separate Meters: Common Area Meter, Electricity, Gas

MLS Schools

  • School District County: San Mateo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2025
Closed on
Jun 9, 2025
Sold by
Zhu Vincent
Bought by
Lim Wing Lucy
Seller's Agent
Jenny Ying He
Jenny He Realty Associates
Buyer's Agent
Sonny Tang
Corcoran Icon Properties
List Price
$1,499,000
Sold Price
$1,500,000
Premium/Discount to List
$1,000
0.07%
Views
15
Current Estimated Value
$1,492,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,008
Avg. Annual Appreciation
-0.95%
Original Mortgage
$1,050,000
Outstanding Balance
$1,047,278
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$445,714

Purchase Details

Listed on
Apr 27, 2025
Closed on
Jun 5, 2025
Sold by
Egan Steve Greg and Yee David
Bought by
Lim Wing Lucy and Ying Zheng Wai
Seller's Agent
Jenny Ying He
Jenny He Realty Associates
Buyer's Agent
Sonny Tang
Corcoran Icon Properties
List Price
$1,499,000
Sold Price
$1,500,000
Premium/Discount to List
$1,000
0.07%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$1,047,278
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$445,714

Purchase Details

Closed on
Sep 8, 1998
Sold by
Yee Zhi Hui
Bought by
Yee David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.92%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Type Sale Price Title Company
Grant Deed -- Wfg National Title Insurance C
Grant Deed $1,500,000 Wfg National Title Insurance C
Interfamily Deed Transfer -- First American Title Co
Grant Deed $395,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Previous Owner $316,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2025 06/11/25 Sold $1,500,000 +0.1% $488 / Sq Ft
04/30/2025 04/30/25 Pending -- -- --
04/27/2025 04/27/25 For Sale $1,499,000 -- $488 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $10,821 $619,226 $188,115 $431,111
2023 $10,821 $595,182 $180,811 $414,371
2022 $9,389 $583,513 $177,266 $406,247
2021 $9,808 $572,073 $173,791 $398,282
2020 $9,755 $566,208 $172,009 $394,199
2019 $9,593 $555,107 $168,637 $386,470
2018 $8,926 $544,224 $165,331 $378,893
2017 $8,076 $533,554 $162,090 $371,464
2016 $7,539 $523,093 $158,912 $364,181
2015 $7,904 $515,236 $156,525 $358,711
2014 $7,764 $505,144 $153,459 $351,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 425032248

San Francisco Association of REALTORS®

APN: 016-012-250