South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE
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$4,400,000

$4,750,000

7.4%
Est.Price: ?

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Est. payment /mo

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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MLSListings Inc. (MLSListings)
Listed by Steve Zirelli • Cornish & Carey Commercial
Bought with Larry Mueller • RE/MAX Star Properties
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