$4,400,000
$4,750,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
9,591 SqFt
SOLD DATE : 08/24/2022
Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,591 sqft
Price per Sqft $458
MLS Listing ID ML81897328
Sold Date 08/24/22
Bedrooms 2
Full Baths 1
Year Built 1962
Lot Size 9,000 Sqft
Property Description
519 Commercial Avenue in downtown South San Francisco presents an incredible value add opportunity for an investor. The property boasts an almost unheard of unit mix consisting of (9) 2 bedroom, 1 bath units. This investment has solid in place rents with massive upside potential through renovation. It is located in downtown South San Francisco, is blocks from Grand Ave. and sports a WalkScore of 91 (Walkers Paradise). With unprecedented growth in South San Francisco fueled by Biotech/Life Science companies this will prove to be a fantastic asset. Two units have been completely and beautifully renovated and demonstrate significant upside as these units are now currently under maximum achievable current rent levels.
Location
State CA
County San Mateo
Area Old South Sf / Rocca
Zoning Multi Family
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Attached Garage, Covered Parking, Tandem Parking
Garage Spaces 3.0
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions Age - No Restrictions
Tax ID 012-271-170
Security Features None
Special Listing Condition Not Applicable
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Bought with Larry Mueller • RE/MAX Star Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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