NOT LISTED FOR SALE

Estimated Value: $1,816,000 - $2,504,000

8 Beds
8 Baths
5,031 Sq Ft
$448/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $1,650,000 $328 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $13,779/month

128 Days on Market

Highlights

  • Water Views
  • Contemporary Architecture
  • 1 Car Attached Garage
  • El Camino High School Rated A-
  • Balcony
  • Double Pane Windows

About This Home

As of February 2017

Back on the market.. Provides one of the best Investment opportunity at 5.0 or better cap rate in to days market . Great rental location, close to Bart, down town SSF, schools and church. Corner location. desirable split level units with 2 br and 1.5 bath each. Both Bedrooms located on 2 nd floor. Large units, partial walk in closets. Close garage parking, 1 car park assigned to each unit. Please do not disturb tenants. Call Listing ofc to show or offer subject to inspection. Qualified Buyers only, pls. Ideal 1031 Exchange.

Last Agent to Sell the Property

Yenkata Naidu

Gandhi & Associates R.E. Inc. License #00898249 Listed on: 08/16/2016

Last Buyer's Agent

George Lai

Far East Realty License #00986068

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,419

Year Built

  • 1969

Lot Details

  • 4,879 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Attached Garage
  • On-Street Parking

Property Views

  • Water
  • City Lights
  • Hills
  • Garden

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,031 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laundry Room

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Laminate
  • Travertine
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Shower

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Heating Available
  • Vented Exhaust Fan
  • Separate Meters
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $120,000

Community Details

Overview

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,650
  • Maintenance Expense $2,541
  • Manager Expense $600
  • Other Expense $1,452
  • Utility Expense $1,000
  • Trash Expense $1,092
  • Operating Expense $15,019
  • Gross Income $116,449

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,419

Year Built

1969

Lot Details

0

Parking

1

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Style: Contemporary
  • Age: 47
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5031
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Formica, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric
  • Living Sq Ft: 5031
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Laminate, Travertine, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Tar And Gravel
  • View: City Lights, Garden / Greenbelt, Hills, Water
  • Yard/Grounds: Balcony / Patio, Courtyard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Cooling System: Central Ac
  • Heating System: Electric
  • Sewer/Septic System: Community Sewer / Septic

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: South San Francisco Unified
  • Elementary School: Sunshine Gardens Elementary
  • Middle School: Parkway Heights Middle
  • High School: El Camino High
  • High School: 760
  • Elementary School: 758
  • Middle School: 753

Lot Info

  • Lot Description: Grade - Gently Sloped, Grade - Level
  • Lot Acres: 0.1120
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4879.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4879.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.58
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1650
  • Expense Landscape: 600
  • Expense Maintenance: 2541
  • Expense Management: 600
  • Expenses Other: 1452
  • Expenses Total: 15019
  • Expenses Utility: 1000
  • Expense Trash: 1092
  • Income Annual Gross: 116449.00
  • Income Annual Rental: 120000
  • Income Gross Scheduled: 120050
  • Income Includes: Rents
  • Income Other: 50
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Contract Services, Fee - License/Advertising, Fee - Other Taxes, Fee - Property Tax, Insurance, Services - Gardener, Services - On-Site Manager, Services - Trash Removal, Supplies, Telephone, Utilities - Electric, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2022
Sold by
Kevin Chen
Bought by
Chen Kevin and Lee Joyce Danbee
Current Estimated Value
$2,255,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$991,400
Outstanding Balance
$920,590
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$1,334,655

Purchase Details

Listed on
Aug 16, 2016
Closed on
Feb 23, 2017
Sold by
Chauhan Ninienne Roshni and Chauhan Arun
Bought by
Chen Kevin
Seller's Agent
Yenkata Naidu
Gandhi & Associates R.E. Inc.
Buyer's Agent
George Lai
Far East Realty
List Price
$1,750,000
Sold Price
$1,650,000
Premium/Discount to List
-$100,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%
Original Mortgage
$1,072,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2003
Sold by
Sharma Shiwdatt
Bought by
Sharma Shiwdatt

Purchase Details

Closed on
Oct 25, 1996
Sold by
Sharma Sylvester S and Sharma Shiwdatt
Bought by
Sharma Shiwdatt and Sharma Deojani
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
Chen Kevin -- Old Republic Title
Chen Kevin $1,650,000 Fidelity National Title Co
Sharma Shiwdatt -- --
Sharma Shiwdatt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Kevin $991,400
Previous Owner Chen Kevin $1,072,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2017 02/24/17 Sold $1,650,000 -5.7% $328 / Sq Ft
12/23/2016 12/23/16 Pending -- -- --
10/24/2016 10/24/16 For Sale $1,750,000 0.0% $348 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
09/05/2016 09/05/16 For Sale $1,750,000 +6.1% $348 / Sq Ft
09/01/2016 09/01/16 Off Market $1,650,000 -- --
08/16/2016 08/16/16 For Sale $1,750,000 -- $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 $23,419 $1,914,959 $1,392,699 $522,260
2023 $23,419 $1,840,601 $1,338,620 $501,981
2022 $21,772 $1,804,512 $1,312,373 $492,139
2021 $21,480 $1,769,131 $1,286,641 $482,490
2020 $21,208 $1,750,992 $1,273,449 $477,543
2019 $20,990 $1,716,660 $1,248,480 $468,180
2018 $20,495 $1,683,000 $1,224,000 $459,000
2017 $6,518 $384,336 $111,521 $272,815
2016 $6,191 $376,801 $109,335 $267,466
2015 $6,084 $371,142 $107,693 $263,449
2014 $6,005 $363,873 $105,584 $258,289
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81600259

MLSListings

APN: 011-271-050