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$ 1,698,000

Est. payment | -/mo

6 Beds

4 Baths

2,600 SqFt

Save

$ 1,698,000

Est. payment | -/mo

Save

6 Beds

4 Baths

2,600 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $653

Lot Size 5,030 Sqft

MLS Listing ID ML82039898

Style Traditional,Bungalow

Bedrooms 6

Full Baths 4

Property Description

Why pay rent when you can own and have excellent tenants help you with mortgage payments? Build equity today and live in a fully-renovated 3 BR/2 BA unit for less than $3,000/Month, with proven rental income from 2 Easy-To-Manage Units. To Demonstrate: Put 20% Down, Finance 80% at 5.75% (Multi-Family Financing). Monthly Payment: $7,427.25. Collect $2,170 (1 BR) + $3,045 (2 BR) from 2 Units on Ground Floor = $5,215/Month While Living in a Fully-Renovated, Sun-Drenched 3 BR/2 BA House. Deduct $5,215 (Rent Collected) from Mortgage = $7,927.25. Net Monthly Payment (to Live in the Upstairs 3 BR/2 BA): $2,712.25/Month. All 3 Units (House & 2 Ground Floor Units) Completely Renovated by Licensed Contractors in 2018 and 2019. New Electrical, New Copper Plumbing, New Furnaces, New Kitchens, New Baths, New Tuff-Sheds in Backyard for Extra Storage. (1-Storage Per Unit). All 3 Units Consistently Rented for: $4,695+ (3 BR), $2,200+ (1 BR) and $3,200+ (2 BR) with Driveway Parking for each unit. Easy Access to Genentech and the Epicenter of Biotech/Life-Sciences Companies, as well as Kaiser, SF Airport, and other Silicon Valley Companies. 10-15 Minutes from Downtown San Francisco w/ Easy Access to 101 and 280. Don't Wait. This Deal Will Not Last.

Location

State CA

County San Mateo

Area Old South Sf / Rocca

Zoning R10006

Rooms

Family Room No Family Room

Other Rooms Laundry Room

Guest Accommodations Accessory Dwelling Unit,Other

Dining Room Breakfast Nook, Eat in Kitchen

Kitchen Countertop - Tile, Dishwasher, Cooktop - Gas, Garbage Disposal, Refrigerator, Oven - Gas

Interior

Heating Central Forced Air - Gas

Cooling None

Flooring Tile, Vinyl / Linoleum, Wood

Fireplaces Type Living Room, Wood Burning

1-purchase type For Sale

Exterior

Exterior Feature Back Yard, Fenced, Balcony / Patio, Drought Tolerant Plants

Garage Workshop in Garage, Attached Garage, On Street, Off-Street Parking, Uncovered Parking

Fence Fenced Back, Chain Link

Utilities Available Public Utilities

View Neighborhood

Roof Type Composition

Building

Lot Description Grade - Gently Sloped

Faces South

Story 1

Foundation Concrete Perimeter and Slab, Concrete Perimeter

Sewer Sewer - Public

Water Public

Story 1

Others

Tax ID 012-153-150

Miscellaneous None

Security Features None

Horse Property No

Special Sale Not Applicable

Listed by Don Sung of Colliers Parrish International, Inc.
Bought with Don Sung of Colliers Parrish International, Inc.

601 Walnut AVE South San Francisco, CA 94080