$1,500,000
SOLD MAY 23, 2025

South San Francisco, CA 94080

Downtown South San Francis Neighborhood
4 Beds
4 Baths
4,596 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$326 Per Sq Ft

5% Below List Price

31 Days on Market

About This Home

As of May 2025

This is your opportunity to transform this property into something truly unique. Located in Old South San Francisco, this rare find offers two distinct single-family homes on one lot, providing endless possibilities for investors, contractors, flippers, or families. Nestled in the iconic Old South San Francisco, this property is steps away from vibrant downtown; amenities, including restaurants, shops, and the bustling business district. 1/2 a mile from Sign Hill Park; Convenient access to SSF BART, CalTrain stations, major commute routes, and San Francisco International Airport (SFO). 670 Grand Avenue features a spacious 2-bedroom, 2-bathroom layout with an open floor plan, a fireplace, and a eat-in kitchen. The finished basement provides additional living areas, storage space, and the home includes an attached one-car garage with a laundry area. 671 4th Lane offers a flexible living arrangement with ground-level living areas and a separate rear entry, making it ideal for rental potential or private use. Please note that the property is being sold strictly as-is. Buyers are encouraged to conduct due diligence to verify square footage, usage, and property status, as well as to consult the City of South San Francisco regarding building requirements and zoning options.

Last Agent to Sell the Property

Steven Karp

California Realty License #00809114 Listed on: 01/18/2025

Last Buyer's Agent

Wendy Chen

First National Realty License #01009036

Property Details

Home Type

  • Multi-Family

Year Built

  • 1933

Lot Details

  • 7,000 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Combination Foundation
  • Rolled or Hot Mop Roof

Interior Spaces

  • 4,596 Sq Ft Home
  • 2-Story Property

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $1

Community Details

Overview

  • 4,596 Sq Ft Building

Building Details

  • Gardener Expense $1
  • Insurance Expense $1
  • Maintenance Expense $1
  • Manager Expense $1
  • Other Expense $1
  • Utility Expense $1
  • Trash Expense $1
  • Operating Expense $5
  • Gross Income $2

Property Details

Home Type

Multi-Family

Year Built

1933

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4596
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1933

Interior Features

  • Living Sq Ft: 4596
  • Stories: 2

Exterior Features

  • Foundation: Combination
  • Roof: Rolled Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Gross Rent Multiplier: 787750.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1
  • Expense Landscape: 1
  • Expense Maintenance: 1
  • Expense Management: 1
  • Expenses Other: 1
  • Expenses Total: 5
  • Expenses Utility: 1
  • Expense Trash: 1
  • Income Annual Gross: 2.00
  • Income Annual Rental: 1
  • Income Gross Scheduled: 2
  • Income Other: 1
  • Meters: Separate Other
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2025
Closed on
May 12, 2025
Sold by
Chen Wendy Wan-Li
Bought by
Chan James Mo-Tai
Seller's Agent
Steven Karp
California Realty
Buyer's Agent
Wendy Chen
First National Realty
List Price
$1,585,000
Sold Price
$1,500,000
Premium/Discount to List
-$85,000
-5.36%
Views
26
Current Estimated Value
$1,479,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,966
Avg. Annual Appreciation
-2.36%
Original Mortgage
$750,000
Outstanding Balance
$747,329
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$731,705

Purchase Details

Closed on
Feb 4, 2016
Sold by
San Mateo County Public Guardian
Bought by
Fogliani John B
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

Date Type Sale Price Title Company
Deed -- Chicago Title
Grant Deed $1,500,000 Chicago Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2025 05/23/25 Sold $1,500,000 -4.8% $326 / Sq Ft
02/18/2025 02/18/25 Pending -- -- --
02/18/2025 02/18/25 Price Changed $1,575,500 -0.6% $343 / Sq Ft
01/18/2025 01/18/25 For Sale $1,585,000 -- $345 / 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 $9,108 $710,412 $491,295 $219,117
2023 $9,108 $682,828 $472,219 $210,609
2022 $8,472 $669,440 $462,960 $206,480
2021 $8,355 $656,316 $453,883 $202,433
2020 $8,248 $649,588 $449,230 $200,358
2019 $8,166 $636,853 $440,422 $196,431
2018 $7,976 $624,368 $431,787 $192,581
2017 $7,740 $612,126 $423,321 $188,805
2016 $3,246 $200,293 $50,065 $150,228
2015 $3,190 $197,285 $49,313 $147,972
2014 $3,148 $193,422 $48,348 $145,074
Source: Public Records

Agents Affiliated with this Home

  • Steven Karp

    Seller's Agent in 2025

    Steven Karp

    California Realty

    (650) 861-2292

    1 in this area

    14 Total Sales

    Steven Karp
    Section Image

  • W

    Buyer's Agent in 2025

    Wendy Chen

    First National Realty

See All Agents

Source: MLSListings

MLS Number: ML81990941

MLSListings

APN: 012-242-120

California San Mateo County South San Francisco 94080

Downtown South San Francis

Sold

MultiFamily

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