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Sold for $3,500,000 Sold

86 E 39th Avenue
San Mateo, CA 94403

Multi Family Home
9148 sq ft lot - MLS# ML81751006 Courtesy of Intero Real Estate Services, Jennie Lee
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Sold

Sold for $3,500,000 on May 31, 2019

Description

9-unit apartment building in the heart of Peninsula! Minutes to Hillsdale Shopping Center and Caltrain Hillsdale station, this property provides excellent commute to businesses on the Peninsula and San Francisco by car and by CalTrain. Excellent unit mix of (6) junior one-bedroom units and (3) large one-bedroom units. All units have been updated with remodeled kitchens and bathrooms, abundant closet space and extra storage, laminate wood floors or newer carpets. One carport parking space for each unit. Rear unit has private yard, washer/dryer and carport with extra storage. All windows are double pane. Each units has own electric/gas meters, water heater, wall heater. Shared coin-op laundry on site. Large 9000 sq ft lot (per county) and low maintenance landscaping. The property benefits from a non-rent control market.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $3,490,000
  • County/Area: San Mateo County
  • Zip Code: 94403
  • Year Built: 1954
  • Age: 65
  • Sq.Ft.: 5,610 sq ft
  • Lot Size: 9148 sq ft lot
  • Zoning: R3
  • All Units Have: Updated Baths, Updated Kitchen, Refrigerator
  • Annual Gross Sched Inc: 209934
  • Annual Taxes: 33129
  • Annual Util Exp: 7081
  • Apx Lot Sq Ft: 9000
  • Cap Rate: 4.08
  • Flooring: Laminate, Tile
  • Heating: Electric, Wall Furnace
  • Laundry: Coin Operated
  • Net Oper Income: $142,356
  • Operating Expenses: Electric, Gas, Insurance, Water
  • Some Units Have: Dishwasher
  • Tenant Pays: Electric, Gas
  • Unit # 2 # Of Bedrooms: 1
  • Water/Sewer: Sewer System - Public, Water - Public
  • Sold Price: 3500000
  • Sold Date: 2019-05-31
Courtesy of Intero Real Estate Services, Jennie Lee

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