NOT LISTED FOR SALE

Estimated Value: $1,012,000 - $1,190,000

5 Beds
4 Baths
2,860 Sq Ft
$388/Sq Ft Est. Value

Last Sold April 20, 2018

Last sale price $1,050,000 $367 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,093/month

153 Days on Market

Highlights

  • Ocean View
  • Loft
  • Enclosed Patio or Porch
  • Traditional Architecture
  • Granite Countertops
  • Walk-In Closet

About This Home

As of April 2018

2 Units are tenant occupied. Please show it by appointment with LA. Seller and agent have buyers to see all the unit. Please be prepared for 1031 Exchange. Projected income includes development of the side parcel next of to the 4 units building. This opportunity to elaborate the plan and specify type of SFH. Plans to be approved by Alameda County planning. Space is limited but is up to the new buyer best interest.

Last Agent to Sell the Property

Ana Palma

Alliance Bay Realty License #01209648 Listed on: 10/06/2017

Alliance Bay Realty

Last Buyer's Agent

Wayne Lee

RE/MAX Gold Daly City License #01007018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,988

Year Built

  • 1930

Lot Details

  • 3,498 Sq Ft Lot
  • Security Fence
  • Lot Sloped Up
  • Mostly Level
  • Grass Covered Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Property Views

  • Ocean
  • City Lights

Home Design

  • Quadruplex
  • Traditional Architecture
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 2,860 Sq Ft Home
  • 2-Story Property
  • Loft
  • Security Gate
  • Washer and Dryer Hookup

Kitchen

  • Gas Cooktop
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Parking

  • 6 Parking Spaces
  • No Garage
  • Covered Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $66,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,300
  • Utility Expense $1,800
  • Trash Expense $500
  • Operating Expense $14,240
  • Gross Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,988

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: COMM
  • Subclass: Fourplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2860
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Granite
  • Living Sq Ft: 2860
  • Stories: 2
  • Security: Security Fence
  • Laundry: Hookups Only
  • Flooring: Carpet, Tile
  • Additional Rooms: Loft

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Tar And Gravel
  • View: City, City Lights, Ocean
  • Yard/Grounds: Low Maintenance, Porch - Enclosed
  • Construction Type: Concrete

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Common Parking Area, No Garage

Utilities

  • Heating System: Central Forced Air - Gas, Gas
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Security Gate, Walk-In Closet

Schools

  • High School: 27276

Lot Info

  • Lot Description: Grade - Mostly Level, Grade - Sloped Up, Possible Lot Split
  • Lot Acres: 0.0803
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3500.00

Green Features

  • Energy Features: Thermostat Controller

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.35
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1300
  • Expenses Total: 14240
  • Expenses Utility: 1800
  • Expense Trash: 500
  • Income Annual Gross: 66000.00
  • Income Annual Rental: 66000
  • Income Gross Scheduled: 66000
  • Income Includes: Rents
  • Meters: Master Electric, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Tax, Loan - Mortgage, Maintenance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2018
Sold by
Fernandez Steve
Bought by
Hui Chu Chi Hung and Hui Wei
Current Estimated Value
$1,111,000

Purchase Details

Listed on
Oct 6, 2017
Closed on
Apr 9, 2018
Sold by
Fernandez Steve
Bought by
Hui Chu Chi Hung and Hui Wei
Seller's Agent
Ana Palma
Alliance Bay Realty
Buyer's Agent
Wayne Lee
RE/MAX Gold Daly City
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.75%
Original Mortgage
$500,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 3, 2005
Sold by
Fernandez Elvira
Bought by
Fernandez Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,625
Interest Rate
5.61%
Mortgage Type
Seller Take Back
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
Hui Chu Chi Hung -- Old Republic Title Company
Hui Chu Chi Hung $1,050,000 Old Republic Title Company
Fernandez Steve -- Alliance Title Company
Fernandez Steve $712,500 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hui Chu Chi Hung $500,000
Previous Owner Fernandez Steve $605,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2018 04/20/18 Sold $1,050,000 -2.7% $367 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
02/06/2018 02/06/18 Price Changed $1,079,000 -6.2% $377 / Sq Ft
10/06/2017 10/06/17 For Sale $1,150,000 -- $402 / 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 $14,988 $1,080,919 $227,562 $853,357
2024 $14,988 $1,059,725 $223,100 $836,625
2023 $14,963 $1,038,948 $218,726 $820,222
2022 $14,687 $1,018,580 $214,438 $804,142
2021 $14,243 $998,611 $210,234 $788,377
2020 $13,885 $988,380 $208,080 $780,300
2019 $13,861 $969,000 $204,000 $765,000
2018 $11,685 $823,751 $63,051 $760,700
2017 $11,148 $807,605 $61,815 $745,790
2016 $10,640 $791,774 $60,603 $731,171
2015 $9,491 $700,000 $200,000 $500,000
2014 $7,913 $550,000 $165,000 $385,000
Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81680726

MLSListings

APN: 080A-0218-015-00