$1,399,000 Price Analysis   ♡   South San Francisco, CA 94080 4 bed 2 bath 2,020 SqFt ($692/SqFt) 7,228SqFt lot. Built 1951 Listed 2024-05-17, Taxes $2,359 | Ⓧ USDA Ineligible due to price & location near South San Francisco |
Exceptional investment opportunity In South San Francisco.
85-87 Chestnut Ave consists of two 2 bedroom, 1 bath units on an oversized 7, 228sf (per assessor) pa rcel. Potential to add another ADU (buyer to verify with City). Extensive capital improvements and site work have been performed.
Gas, Electric and water are separately metered and paid by the tenants (trash as well) One unit is currently vacant allowing for immdiate occupancy by an owner user or the ability to re-rent at market rate. Ideal location that is walkable to both Downtown South San Francisco and Bart. Truly a turnkey investment opportunity.
Presented by Matthew Rogers at
Rogers & Associates.
Property MLS #ML81966204 from MLSListings
Lot Size Source: Assessor
Lot Size Square Feet: 7228
Parking Features: Attached Garage, Gate / Door Opener, Off-Street Parking, On Street
Parking Total: 3
Calculated Total Monthly Association Fees: 0
Gardener Expense: 150
Maintenance Expense: 1000
Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 3400
Unit 2 Total Actual Rent: 3400
High School District: South San Francisco Unified
Map directions Map directions Map directions Map directionsIncome Includes: Rents
Source Listing Status: Active
County: San Mateo
Source Property Type: Residential Income (2-4 units)
Inclusions: Building, Land, Oven/Range - All Units, Refrigerator - All Units
Insurance Expense: 1778
Area: So. San Francisco - Industrial
Source Neighborhood: So. San Francisco - Industrial
Parcel Number: 011-314-040
Postal City: SOUTH SAN FRANCISCO
Zoning: R20000
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $53,109 + $34,638 $87,747 | $2,359 |
| 2021 | $52,068 + $33,959 $86,027 | $2,316 |
| 2020 | $51,535 + $33,611 $85,146 | $2,280 |
| 2019 | $50,525 + $32,952 $83,477 | $2,269 |
| 2018 | $49,535 + $32,306 $81,841 | $2,221 |
| 2017 | $48,564 + $31,673 $80,237 | $2,096 |
| 2016 | $47,612 + $31,052 $78,664 | $1,938 |
| 2015 | $46,897 + $30,586 $77,483 | $1,902 |
| 2014 | $45,979 + $29,987 $75,966 | $1,886 |
| 2013 | $45,772 + $29,852 $75,624 | $1,934 |
| 2012 | $44,875 + $29,267 $74,142 | $1,919 |
| 2011 | $43,996 + $28,694 $72,690 | $1,896 |
| 2010 | $43,668 + $28,480 $72,148 | $1,838 |
| 2009 | $43,772 + $28,548 $72,320 | $1,712 |
| 2008 | $42,914 + $27,989 $70,903 | $1,540 |
| 2007 | $42,073 + $27,441 $69,514 | $1,464 |
$1,399,000
MLSListings
Price Changed 2024-06-07
$1,450,000
MLSListings
Listed 2024-05-17
$1,500,000
MLSListings
Sold 2022-11-22
$1,100,000
Public Record
Operating Expense Includes: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Vacancy Factor
Year Built: 1951
Foundation Details: Concrete Perimeter and Slab
Property Age: 73
Roof: Composition, Shingle
Levels or Stories: 2
Total Area Sqft: 2020
Year Built Source: Assessor
Individual Electric Meters
Individual Gas Meters
Public Utilities
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.