$885,000
$918,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
3,620 SqFt
SOLD DATE : 06/06/2016
Key Details
Sold Price $885,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,620 sqft
Price per Sqft $244
MLS Listing ID ML81518137
Sold Date 06/06/16
HOA Y/N No
Year Built 1977
Annual Tax Amount $13,775
Lot Size 5,998 Sqft
Property Description
This spacious duplex, 3bd/1.5ba and 2bd/1ba, has 2 garage units, decks and fenced front/back yard. Walking distance to beaches, schools, downtown restaurants and shops. Strong demand and limited supply for local apartment units has created low vacancy/rising rents environment. New owner can add value by renovating and re-tenanting. This property is attractively priced below recent sales comps. 100% occupied at below market rents. Market rent estimates: 3bd/1.5ba: $3100-$2900. 2bd/1ba:$2300-$2100.
Location
State CA
County San Mateo
Zoning R-3
Interior
Heating Forced Air
Cooling None
Flooring Carpet
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered, Off Street
Garage Spaces 4.0
Garage Description 4.0
Roof Type Composition
Building
Story 2
Water Public
Schools
School District Other
Others
Tax ID 056141890
Financing Cash
Special Listing Condition Standard
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Bought with Randy Kinghorn • Kinghorn Commercial Properties