NOT LISTED FOR SALE

Estimated Value: $1,513,000 - $2,065,000

3 Beds
3 Baths
2,736 Sq Ft
$637/Sq Ft Est. Value

Last Sold July 15, 2016

Last sale price $1,450,000 $530 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $10,984/month

17 Days on Market

Highlights

  • Contemporary Architecture
  • Den
  • Laundry Room
  • Capuchino High School Rated A-
  • 3 Car Attached Garage
  • Washer and Dryer

About This Home

As of July 2016

This turnkey real estate investment offers a tasteful, modern interior design, open and bright floor plan, stylish windows that allows maximum day light to fill the space, the amenities of a personal in-unit laundry facility, office room or walk in pantry, and an exclusive enclosed garage with direct access from the apartment. It’s centrally located close to mass public transit of CalTrain, San Bruno downtown stores and restaurants, shopping centers at Bayhill and Tanforan, close proximity to Google’s YouTube facility and a short drive or CalTrain ride to South San Francisco biotech industrial field. With so many property features and amenities, diverse tenant demographics, and low maintenance building allows you, the new owner of this amazing low maintenance investment to have peace of mind with a low vacancy factor, pay minimal expenses and collect top market rent. This is an ideal turnkey real estate investment!

Last Agent to Sell the Property

Jonathan T. Ng

RE/MAX Westlake License #01390988 Listed on: 06/09/2016

RE/MAX Westlake

Co-Listed By

Francis Ng

RE/MAX Gold Daly City License #00876163

Last Buyer's Agent

Millie Lum

Coldwell Banker Realty License #00483257

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,420

Year Built

  • 1950

Lot Details

  • 4,008 Sq Ft Lot

Parking

  • 3 Car Attached Garage
  • 6 Carport Spaces
  • Unassigned Parking

Home Design

  • Triplex
  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 2,736 Sq Ft Home
  • 2-Story Property
  • Den
  • Laminate Flooring

Kitchen

  • Gas Cooktop
  • Dishwasher

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $81,000
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $1,283
  • Maintenance Expense $300
  • Other Expense $470
  • Operating Expense $10,296
  • Gross Income $81,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,420

Year Built

1950

Lot Details

0

Parking

3

Listing Details

  • Zoning: RM0000
  • Subclass: Triplex
  • Style: Contemporary
  • Age: 66
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2736
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Cooktop - Gas, Dishwasher, Refrigerator
  • Living Sq Ft: 2736
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Laminate
  • Additional Rooms: Laundry Room, Office Area

Exterior Features

  • Foundation: Post And Pier
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 9
  • Garage Parking Features: Attached Garage, Parking Area, Unassigned Spaces
  • Carport Min: 6

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.0920
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3998.81
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3998.81

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.04
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1283
  • Expense Maintenance: 300
  • Expenses Other: 470
  • Expenses Total: 10296
  • Income Annual Gross: 81000.00
  • Income Annual Rental: 81000
  • Income Gross Scheduled: 81000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2017
Sold by
Dere William
Bought by
Dere William and Dere Sue W
Current Estimated Value
$1,742,046

Purchase Details

Listed on
Jun 9, 2016
Closed on
Sep 7, 2016
Sold by
Dere Franklin
Bought by
Dere Franklin and Dere Karen
Seller's Agent
Jonathan T. Ng
RE/MAX Westlake
Buyer's Agent
Millie Lum
Coldwell Banker Realty
List Price
$1,299,000
Sold Price
$1,450,000
Premium/Discount to List
$151,000
11.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.96%

Purchase Details

Listed on
Jun 9, 2016
Closed on
Jul 12, 2016
Sold by
Chen Raymond Jia Hong and Lin Xia Hui
Bought by
Dere Gordon and Dere Franklin
Seller's Agent
Jonathan T. Ng
RE/MAX Westlake
Buyer's Agent
Millie Lum
Coldwell Banker Realty
List Price
$1,299,000
Sold Price
$1,450,000
Premium/Discount to List
$151,000
11.62%

Purchase Details

Listed on
Jun 9, 2016
Closed on
Jul 11, 2016
Sold by
Dere Sue W
Bought by
Dere William
Seller's Agent
Jonathan T. Ng
RE/MAX Westlake
Buyer's Agent
Millie Lum
Coldwell Banker Realty
List Price
$1,299,000
Sold Price
$1,450,000
Premium/Discount to List
$151,000
11.62%

Purchase Details

Listed on
Apr 9, 2013
Closed on
Jun 11, 2013
Sold by
Lee Richard and Lee Chi Man
Bought by
Chen Raymond Jia Hong and Lin Xia Hui
Seller's Agent
Rosario Wong
CENTURY 21 Masters
Buyer's Agent
Patrick Lam
CENTURY 21 Masters
List Price
$738,000
Sold Price
$730,000
Premium/Discount to List
-$8,000
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.05%
Original Mortgage
$438,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2009
Sold by
Lee May Sheung Cheng
Bought by
Lee Richard and Lee Chi Man

Purchase Details

Closed on
Jul 27, 2004
Sold by
Dickson Melody
Bought by
Dickson James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2004
Sold by
Dickson James
Bought by
Lee May Sheung Cheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2002
Sold by
Andreini Ruth and Friedland Robert E
Bought by
Dickson James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,500
Interest Rate
7.08%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Dere William -- None Available
Dere Franklin -- None Available
Dere Gordon $1,450,000 Chicago Title Company
Dere William -- None Available
Dere Franklin -- Chicago Title Company
Chen Raymond Jia Hong $730,000 Fidelity National Title Co
Lee Richard -- None Available
Dickson James -- Fidelity National Title Co
Lee May Sheung Cheng $700,000 Fidelity National Title Co
Dickson James $620,000 Old Republic Title Company
Andreini Ruth $620,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Raymond Jia Hong $438,000
Previous Owner Lee May Sheung Cheng $80,000
Previous Owner Lee May Sheung Cheng $560,000
Previous Owner Lee May Sheung Cheng $560,000
Previous Owner Dickson James $441,000
Previous Owner Dickson James $362,500
Closed Lee May Sheung Cheng $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2016 07/15/16 Sold $1,450,000 +11.6% $530 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $1,299,000 +77.9% $475 / Sq Ft
06/19/2013 06/19/13 Sold $730,000 -1.1% $267 / Sq Ft
04/12/2013 04/12/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $738,000 -- $270 / 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 $20,420 $1,682,844 $1,450,730 $232,114
2023 $20,420 $1,617,499 $1,394,398 $223,101
2022 $17,570 $1,585,784 $1,367,057 $218,727
2021 $17,345 $1,554,691 $1,340,252 $214,439
2020 $17,182 $1,538,751 $1,326,510 $212,241
2019 $16,901 $1,508,580 $1,300,500 $208,080
2018 $16,058 $1,479,000 $1,275,000 $204,000
2017 $15,888 $1,450,000 $1,250,000 $200,000
2016 $8,354 $759,370 $379,685 $379,685
2015 $8,244 $747,964 $373,982 $373,982
2014 $8,123 $733,314 $366,657 $366,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81589707

MLSListings

APN: 020-122-070