NOT LISTED FOR SALE

78 Lausanne Ave Daly City, CA 94014

Hillside Neighborhood

Estimated Value: $1,559,000 - $1,760,000

5 Beds
4 Baths
4,348 Sq Ft
$388/Sq Ft Est. Value

Last Sold April 19, 2019

Last sale price $1,400,000 $322 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $10,744/month

4 Days on Market

Highlights

  • Panoramic View
  • Coin Laundry
  • 2-minute walk to Edgewood Park
  • Westmoor High School Rated A-
  • Washer and Dryer

About This Home

As of April 2019

**Rare COMPLETELY VACANT Outstanding Daly City Triplex** Live in One Unit and Rent Two . . . or Rent All Three!! Located Just a Short Walk to Mission Street, Schools, Shops & BART, this Spectacular VIEW TRIPLEX Features Two-1 Bedroom 1 Bath Units Plus HUGE 3 Bedroom 2 Bath Unit, all with Updated Kitchens w/ New Countertops & Sinks, New Stoves/Ovens & Vent Hoods, Paint, Flooring, Window Screens & Sparkling Clean In & Out - All Units Ready to Rent! Units have Separate Gas & Electric Meters. 2 Car Garage w/ Coin-Op Laundry Area Plus Add'l 2-Car Off-Street Parking & Three Storage Closets PLUS Outstanding PANO VIEWS! Many Important Upgrades Include Foam Roof, Double-Pane Windows & Rear Vinyl Siding! This Spacious 4,348 Sq. Ft. Building Has Strong Rental Potential & Is Ideally Located Just Blocks to Mission Street Shops,Schools, Transportation & Restaurants! Short Commute to Downtown San Francisco & Minutes to 280 Freeway to the Peninsula/Silicon Valley. Close Proximity to 2 BART Stations.

Last Agent to Sell the Property

Patrick Shannon

Trinity Realty, Inc License #00830949 Listed on: 03/13/2019

Last Buyer's Agent

Anne Chou

Chou Evergreen Realty, Inc. License #00956198

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,698

Year Built

  • 1965

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Lighted Parking
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,348 Sq Ft Home
  • 3-Story Property
  • Panoramic Views
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Range Hood

Utilities

  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $97,200

Community Details

Overview

Additional Features

  • Coin Laundry
  • Gross Income $93,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,698

Year Built

1965

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Triplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4348
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: 220 Volt Outlet, Hood Over Range, Oven Range - Electric
  • Living Sq Ft: 4348
  • Stories: 3
  • Security: Security Building
  • Laundry: Coin Operated, Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Foam
  • View: Panoramic
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Lighted Parking Area, Off-Street Parking
  • Carport Min: 2

Utilities

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

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Description: Views
  • 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

Rental Info

  • Gross Rent Multiplier: 13.71

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Income Annual Gross: 93480.00
  • Income Annual Rental: 97200
  • Income Gross Scheduled: 98400
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 1200
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Insurance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 17, 2019
Sold by
Soracco Peter A and Soracco Colleen Shannon
Bought by
Kwok Henri and Kwok Renee
Seller's Agent
Patrick Shannon
Trinity Realty, Inc
Buyer's Agent
Anne Chou
Chou Evergreen Realty, Inc.
List Price
$1,349,000
Sold Price
$1,400,000
Premium/Discount to List
$51,000
3.78%
Current Estimated Value
$1,685,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,854
Avg. Annual Appreciation
2.78%
Original Mortgage
$950,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2006
Sold by
Soracco Peter A and Soracco Colleen Shannon
Bought by
Soracco Peter A and Soracco Colleen Shannon

Purchase Details

Closed on
Sep 13, 2002
Sold by
Scales Jordan D and Daurbigney Dwayne
Bought by
Soracco Peter A and Soracco Coleen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.16%

Purchase Details

Closed on
Jun 15, 2000
Sold by
Scales Jordan D
Bought by
Scales Jordan D and The Jordan D Scales Living Tru
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kwok Henri $1,400,000 Old Republic Title Company
Soracco Peter A -- Old Republic Title Company
Soracco Peter A -- None Available
Soracco Peter A $600,000 First American Title Company
Scales Jordan D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwok Henri $936,000
Closed Kwok Henri $950,000
Closed Kwok Henri $950,000
Previous Owner Soracco Peter A $302,465
Previous Owner Soracco Peter A $350,000
Previous Owner Soracco Peter A $350,000
Previous Owner Scales Jordan D $11,500
Previous Owner Scales Jordan D $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2019 04/19/19 Sold $1,400,000 +3.8% $322 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $1,349,000 -- $310 / 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 $18,698 $1,561,722 $669,309 $892,413
2023 $18,698 $1,501,080 $643,320 $857,760
2022 $17,845 $1,471,648 $630,706 $840,942
2021 $17,227 $1,442,793 $618,340 $824,453
2020 $17,952 $1,428,000 $612,000 $816,000
2019 $9,503 $778,998 $389,499 $389,499
2018 $10,723 $763,724 $381,862 $381,862
2017 $10,643 $748,750 $374,375 $374,375
2016 $10,926 $734,070 $367,035 $367,035
2015 $9,862 $723,044 $361,522 $361,522
2014 $10,353 $708,882 $354,441 $354,441
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Patrick Shannon

    Trinity Realty, Inc

  • A

    Buyer's Agent in 2019

    Anne Chou

    Chou Evergreen Realty, Inc.

See All Agents

Map

Source: MLSListings

MLS Number: ML81742532

MLSListings

APN: 003-392-300

California San Mateo County Daly City 94014 Hillside

78 Lausanne Ave, Daly City, CA

This home is located at 78 Lausanne Ave, Daly City, CA 94014 since 13 March 2019 and is currently estimated at $1,685,854, approximately $387 per square foot. This property was built in 1965. 78 Lausanne Ave is a home located in San Mateo County with nearby schools including John F. Kennedy Elementary School, Thomas R. Pollicita Middle School, and Jefferson High School.

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