NOT LISTED FOR SALE

885 3rd Ave San Bruno, CA 94066

Belle Air Park Neighborhood

Estimated Value: $1,219,000 - $1,484,000

2 Beds
2 Baths
1,834 Sq Ft
$745/Sq Ft Est. Value

Sale Details

Date Sold: March 2, 2021

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

Est. 14% increase in value since last sale

Current estimated payment $8,509 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

5,001 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2022
Sold by
Velasco Lopez Virginia
Bought by
Current Estimated Value
$1,314,484

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
3.17%

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Belle Air Park, CA

  • Kathleen Sparer Real Estate Agent - Compass

    Kathleen Sparer

    Responds Quickly

    Compass

    (650) 562-8667

    25 Total Sales

    1 in Belle Air Park

    $1,000,000 Price

    Kathleen Sparer
     Section Image
  • Harry Kapukchyan Real Estate Agent - HPD Realty Corp.

    Harry Kapukchyan

    Responds Quickly

    HPD Realty Corp.

    (424) 365-9790

    29 Total Sales

    1 in Belle Air Park

    $835,000 Price

    Harry Kapukchyan
     Section Image
  • Regina Zabarte Real Estate Agent - Hello Hello Bay Area

    Regina Zabarte

    Responds Quickly

    Hello Hello Bay Area

    (669) 213-1152

    25 Total Sales

    1 in Belle Air Park

    $1,050,000 Price

    Regina Zabarte
     Section Image
  • Eva Cedillo Real Estate Agent - Home Buyers Realty

    Eva Cedillo

    Responds Quickly

    Home Buyers Realty

    (925) 678-6619

    418 Total Sales

    1 in Belle Air Park

    $1,075,000 Price

    Eva Cedillo
     Section Image
  • Ramez Tabri Real Estate Agent - CENTURY 21 Masters

    Ramez Tabri

    Responds Quickly

    CENTURY 21 Masters

    (650) 648-6571

    85 Total Sales

    1 in Belle Air Park

    $1,175,000 Price

    Ramez Tabri
     Section Image
  • Mita Kapadia Real Estate Agent - RE/MAX Gold Redwood Shores

    Mita Kapadia

    RE/MAX Gold Redwood Shores

    (650) 649-4769

    11 Total Sales

    1 in Belle Air Park

    $870,000 Price

    Mita Kapadia
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- 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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $533,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • DD

    Seller's Agent in 2021

    David Dai

    CMM Global Realty

  • JO

    Buyer's Agent in 2021

    Jim ONeil

    Sotheby's International Realty

  • JG

    Seller's Agent in 2015

    John Gieseker

    Berkshire Hathaway Home Services California Realty

    Section Image

  • LG

    Seller Co-Listing Agent in 2015

    Lee Ginsburg

    Berkshire Hathaway Home Services California Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81825828

MLSListings

APN: 020-187-010

California San Mateo County San Bruno 94066 Belle Air Park

885 3rd Ave, San Bruno, CA

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