$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
Garage 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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Randy Kinghorn • Kinghorn Commercial Properties