NOT LISTED FOR SALE

Estimated Value: $1,244,000 - $1,439,000

2 Beds
2 Baths
1,834 Sq Ft
$731/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $1,150,000 $627 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,250/month

110 Days on Market

Highlights

  • Marble Flooring
  • Granite Countertops
  • Double Pane Windows
  • Capuchino High School Rated A-
  • 1 Car Attached Garage
  • 4-minute walk to 7th Ave and Walnut Park

About This Home

As of March 2021

Back on Market, Great Investment with $5,550.00 monthly rental income, Built as a duplex so there are separate meters, including 2 PG&E/Gas/Water. 2 garages, each unit has its own laundry room, both unit comes with Front/Backyards; 2 Separate identical 1Bedroom units are attached at garages so this is almost like 2 single family homes. Ideal for an investor or condo buyer who wants the tenant to pay most of their mortgage. Where else can you buy a duplex close to SF or San Mateo area that can actually pay for itself ? Owner can use one and rent out the 2nd house !

Last Agent to Sell the Property

David Dai

CMM Global Realty License #01403284 Listed on: 10/10/2020

Last Buyer's Agent

Jim ONeil

Sotheby's International Realty License #01501936

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 5,001 Sq Ft Lot
  • Security Fence
  • Corners Of The Lot Have Been Marked
  • Grass Covered Lot
  • Back Yard

Parking

  • 1 Car Attached Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,834 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Range Hood
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Marble

Utilities

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

Listing and Financial Details

  • Total Actual Rent $66,600

Community Details

Overview

  • 1,834 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $200
  • Insurance Expense $800
  • Maintenance Expense $200
  • Manager Expense $100
  • Other Expense $50
  • Utility Expense $50
  • Operating Expense $9,900
  • Gross Income $64,602

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Parking

1

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1834
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Granite, Hood Over Range, Oven - Gas, Oven Range, Refrigerator
  • Living Sq Ft: 1834
  • Stories: 1
  • Security: Security Fence
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Laminate, Marble

Exterior Features

  • Foundation: Crawl Space, Wood Frame
  • Roof: Shingle
  • Yard/Grounds: Back Yard, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Attached Garage
  • Carport Min: 1

Utilities

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

Lot Info

  • Lot Description: Corners Marked, Surveyed
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.42
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 800
  • Expense Landscape: 200
  • Expense Maintenance: 200
  • Expense Management: 100
  • Expenses Other: 50
  • Expenses Total: 9900
  • Expenses Utility: 50
  • Income Annual Gross: 64602.00
  • Income Annual Rental: 66600
  • Income Gross Scheduled: 66600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Accounting/Legal, Equipment - Purchase, Insurance, Loan - Mortgage, Maintenance - Exterminator
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2022
Sold by
Velasco Lopez Virginia
Bought by
Zabalza Susana
Current Estimated Value
$1,341,478

Purchase Details

Listed on
Oct 10, 2020
Closed on
Feb 8, 2021
Sold by
Fang Yi
Bought by
Lopez Virginia Velasco
Seller's Agent
David Dai
CMM Global Realty
Buyer's Agent
Jim ONeil
Sotheby's International Realty
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%

Purchase Details

Listed on
Jan 30, 2015
Closed on
Feb 17, 2015
Sold by
Soria Jeffrey Raoul and Schindler Vickie Sue
Bought by
Fang Yi
Seller's Agent
John Gieseker
Berkshire Hathaway Home Services California Realty
Buyer's Agent
David Dai
CMM Global Realty
List Price
$639,000
Sold Price
$800,000
Premium/Discount to List
$161,000
25.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%

Purchase Details

Closed on
May 4, 1996
Sold by
Raoul Soria
Bought by
Soria Raoul and Soria Nancy
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 Buyer Sale Price Title Company
Zabalza Susana -- None Listed On Document
Lopez Virginia Velasco $1,150,000 First American Title Company
Fang Yi $800,000 Fidelity National Title Co
Soria Raoul -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2021 03/02/21 Sold $1,150,000 -4.1% $627 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
10/10/2020 10/10/20 For Sale $1,199,000 +49.9% $654 / Sq Ft
02/24/2015 02/24/15 Sold $800,000 +25.2% $436 / Sq Ft View Prior Sale
02/11/2015 02/11/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $639,000 -- $348 / 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 $14,656 $1,227,672 $780,300 $447,372
2023 $14,656 $1,180,000 $750,000 $430,000
2022 $13,012 $1,173,000 $663,000 $510,000
2021 $9,940 $888,256 $444,128 $444,128
2020 $9,847 $879,150 $439,575 $439,575
2019 $9,686 $861,912 $430,956 $430,956
2018 $9,204 $845,012 $422,506 $422,506
2017 $9,107 $828,444 $414,222 $414,222
2016 $8,925 $812,200 $406,100 $406,100
2015 $3,306 $296,642 $88,985 $207,657
2014 $3,258 $290,832 $87,242 $203,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81825828

MLSListings

APN: 020-187-010