$4,400,000
$4,750,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
9,591 SqFt
SOLD DATE : 08/24/2022
Key Details
Sold Price $4,400,000
Property Type Commercial
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
HOA Y/N No
Year Built 1962
Annual Tax Amount $55,748
Lot Size 8,999 Sqft
Acres 0.2066
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 699 - Not Defined
Zoning Multi Family
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition
Total Parking Spaces 7
Building
Water Public
Schools
School District South San Francisco Unified
Others
Tax ID 012271170
Financing Conventional
Special Listing Condition Standard
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Bought with Larry Mueller • RE/MAX Star Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States