$2,220,000
$2,290,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
10 Baths
3,174 SqFt
SOLD DATE : 01/19/2022
Key Details
Sold Price $2,220,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,174 sqft
Price per Sqft $699
MLS Listing ID ML81867641
Sold Date 01/19/22
Bedrooms 11
Full Baths 9
Half Baths 2
Year Built 1948
Lot Size 6,000 Sqft
Property Description
Live comfortably in a fully-renovated, 4-bedroom/3.5 bath home (Front House) Or can be 3 BR/2 BA PLUS Rear Studio/1 BA: 2 Units, and rent out the other 2 units (2 rear flats) for $7,400/month to pay for mortgage+all expenses-OR-generate $12,000+/month and invest in a renovated property as hedge against inflation plus rental income. 100% completely renovated 3-Unit property with excellent unit mix. Each unit offers individual addresses: Front home (561 4th Ave-VACANT)-4 BR/3.5 BA; Rear downstairs home (563 4th Ave-OCCUPIED-MTM)-3 BR/2.5 BA; Rear upstairs home (565 4th Ave-VACANT)-4 BR/4 BA. Each unit separately metered for PG&E. Water and trash paid by owner. Excellent return from Day 1. Units offer 3 bedroom and 4 bedroom floorplans with in-suite bathrooms - makes for easy rental. Pro-forma Cap Rate: 4.46% / Pro-forma GRM: 15.6. Rear ground-floor unit is leased out month-to-month to friend of owner. All 3 units will be delivered vacant at COE. Total Size is 3,174 SF (approved permit)
Location
State CA
County San Mateo
Area Dumbarton Etc.
Zoning R20000
Interior
Heating Central Forced Air - Gas
Cooling Window / Wall Unit
Exterior
Parking Features Common Parking Area, Off-Street Parking, Uncovered Parking
Utilities Available Natural Gas, Public Utilities
Roof Type Composition
Building
Story 1
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Tax ID 060-057-040
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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Bought with Ross Sit • Realty One Group Infinity
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