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Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,250 sqft
Price per Sqft $507
MLS Listing ID ML81966272
Sold Date 06/28/24
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,970
Lot Size 5,087 Sqft
Property Description
Unlock Investment Potential in the desirable Sierra Highlands. This 3-unit residence offers a compelling opportunity for investors seeking a stable asset with income-generation potential. Imagine the possibilities: owner-occupy a unit and potentially offset your mortgage with rental income (house hacking), or build your investment portfolio with a property poised for future returns. The building boasts a functional layout with three spacious units, totaling 7 bedrooms and 3.5 bathrooms across 3,250 square feet. Each unit enjoys access to a shared laundry area and a dedicated space in the attached garage for convenient parking. A shared backyard provides a play or gathering space for tenants. The current rent roll offers a solid foundation, with two long-term tenants occupying two units. One vacant unit presents an immediate chance to capitalize on the current market rate. This residence is nestled in the desirable Serra Highlands neighborhood of South San Francisco. Residents enjoy close proximity to Kaiser Permanente, Alta Loma Park, Buri Buri Park, and Buri Buri Elementary School. Convenient shopping is nearby with Westborough Plaza and a Costco just minutes away, while easy access to I-280 and El Camino Real ensures effortless commutes throughout the Bay Area.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning CL00C1
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Spaces 3.0
Garage Description 3.0
View Y/N No
Roof Type Other
Accessibility None
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District South San Francisco Unified
Others
Tax ID 010263170
Financing Conventional
Special Listing Condition Standard
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Bought with Jaime Gonzalez • Gonzalez Properties