NOT LISTED FOR SALE

940 Laurel St San Carlos, CA 94070

Howard Park Neighborhood

Estimated Value: $1,269,000 - $2,378,597

8 Beds
4 Baths
6,392 Sq Ft
$286/Sq Ft Est. Value

Sale Details

Date Sold: September 2, 2021

Last sale price $8,600,000 $1,345 Per Sq Ft

Current estimated payment $12,199 / mo

10 Days on Market

Highlights

  • 0.55 Acre Lot
  • Brittan Acres Elementary School Rated A
  • 1-Story Property

About This Home

As of September 2021

Fantastic development opportunity! Currently 4 duplexes each sitting on an approximately 6,000 sq ft lot. Each duplex consists of 2 - 2 bedroom, 1 baths units. Collect rents while you go through entitlements. Rare opportunity with 200 ft frontage on prime westside Laurel Street location.

Last Agent to Sell the Property

John Shroyer

Golden Gate Sotheby's International Realty License #00613370 Listed on: 08/16/2021

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Julie Tsai Law

Compass License #01339682

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1943

Lot Details

  • 0.55

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,392 Sq Ft Home
  • 1-Story Property

Parking

  • 8 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • 24,002 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $147,000

Community Details

Overview

  • 6,392 Sq Ft Building

Building Details

  • 6 Leased Units
  • Insurance Expense $5,000
  • Maintenance Expense $3,600
  • Operating Expense $92,600
  • Gross Income $110,250

Property Details

Home Type

Multi-Family

Year Built

1943

Lot Details

0.55 Acres

Listing Details

  • Zoning: MU-N
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 6392
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Living Sq Ft: 6392
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Off-Street Parking, On Street, Parking Area

Utilities

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

Lot Info

  • Lot Acres: 0.5510
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 24000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 24000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 47.62
  • Number Of Leased: 6

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 5000
  • Expense Maintenance: 3600
  • Expenses Total: 92600
  • Income Annual Gross: 110250.00
  • Income Annual Rental: 147000
  • Income Gross Scheduled: 147000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 4
  • Operating Expenses Include: Depreciation, Insurance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 25

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

Listed on
Aug 16, 2021
Closed on
Aug 31, 2021
Sold by
Bought by
Seller's Agent
John Shroyer
Golden Gate Sotheby's International Realty
Buyer's Agent
Julie Tsai Law
Compass
List Price
$7,000,000
Sold Price
$8,600,000
Premium/Discount to List
$1,600,000
22.86%
Current Estimated Value
$1,827,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,772,134
Avg. Annual Appreciation
-27.77%

Purchase Details

Closed on
Sep 9, 2020
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

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

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
$8,600,000 Lawyers Title Company
$1,800,000 None Available
-- First Amer Ttl Ins Co Natl C
-- None Available
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
09/02/2021 09/02/21 Sold $8,600,000 +22.9% $1,345 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $7,000,000 -- $1,095 / 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 $28,145 $2,281,596 $2,069,355 $212,241
2023 $28,145 $2,193,000 $1,989,000 $204,000
2022 $26,457 $2,150,000 $1,950,000 $200,000
2021 $4,818 $190,956 $139,689 $51,267
2020 $4,702 $188,999 $138,257 $50,742
2019 $4,503 $185,295 $135,547 $49,748
2018 $4,400 $181,663 $132,890 $48,773
2017 $4,283 $178,102 $130,285 $47,817
2016 $4,144 $174,611 $127,731 $46,880
2015 $4,136 $171,989 $125,813 $46,176
2014 $3,875 $168,621 $123,349 $45,272
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Shroyer

    Golden Gate Sotheby's International Realty

    Section Image
  • Julie Tsai Law

    Buyer's Agent in 2021

    Julie Tsai Law

    Compass

    (650) 799-8888

    1 in this area

    120 Total Sales

    Julie Tsai Law
    Section Image
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Map

Source: MLSListings

MLS Number: ML81858619

MLSListings

APN: 051-357-190

California San Mateo County San Carlos 94070 Howard Park

940 Laurel St, San Carlos, CA

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