ML#:426125548 324 Railroad Ave, South San Francisco, CA 94080 $1,088,000
Cross Street: S. Linden Area/District: Old South SF/Rocca Subdistrict:
Active
UNITS 3
PARKING 4
SQ FEET 3206
LOT SIZE 3000
YEAR BUILT 1978
DOM/CDOM 4/4
(17)

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This is a great opportunity for investors! The property, built in 1978, is located within 3 blocks of Grand Avenue, the heart of downtown South San Francisco, with numerous restaurants, shops and public transportation. SSF is home to the biotech industry, and Silicon Valley is accessible via the nearby 101 freeway. The Costco Business Center is located just across the freeway, as is a retail Costco and gas station. The building is nestled on a hillside with a southwestern view. The property consists of one 1-bedroom unit and two 2-bedroom units on two levels. Each unit is carpeted, with some linoleum and vinyl flooring. Kitchens are equipped with electric stoves vented to the outside, dishwashers, and garbage disposals. There are two garages at either end of the building, one with side-by-side parking for two units, and one two-car garage for the third unit, accessed from an alley at the rear of the lot. The tenants are stable, long-term residents on month-to-month leases. 324 Railroad hasn't been on the market in 33 years! Don't miss this one!

Cross Street: S. Linden
Subdistrict Name: # of Units: 3
Assoc Fee/Freq:
LISTING AGENT & OFFICE INFORMATION
Listing Agent: Beatrice S Kopilenko(ID:810834), Phone:415-407-5324, Lic:01970797, beatrice@primaverarealty.com
Listing Office: Primavera Realty(ID:PRIMA), Phone:415-407-5324, Office Lic.:02249205
Listing Co-Agent: Vera Kopilenko(ID:802987), Phone:415-305-6202, Lic:00935763, vera@primaverarealty.com
Listing Co-Office: Primavera Realty(ID:PRIMA), Phone:415-407-5324, Office Lic.:02249205
UNIT INFORMATION
# Of Buildings: 0 Units Furnished: None
# Of Units Leased: 3 Elevation Units: Feet
# Of Un Mnth to Mnth: 0 # Of Furnished Units: 0
# Of Units Total: 3 Total # Owner Occ: 0
# Of Units Vacant: 0 # of 1 Bdrms Occ: 2
# of 1 Bedroom Units: 1 # of 2 Bdrms Occ: 4
# of 2 Bedroom Units: 2 # of 3 Bdrms Occ: 0
# of 3 Bedroom Units: 0 # of 4 Bdrms Occ: 0
# of 4 Bedroom Units: 0 # Studios Occ: 0
# of Studio Units: 0 Studio Annual Occ: 0%
# Commercial Units: 0
Unit 1 Unit 2 Unit 3 Unit 4
Bedrooms: 0 2 2 0
Full Baths: 1 1 1 0
Partial Baths: 0 0 0 0
Rent: $1750 $2041 $2187 $0
Approx SqFt: 1000 1100 1100 0
# of Rooms: 3 4 4 0
UNIT INCOME & EXPENSES
Gross Income
Multiplier:
15.200% Gross Scheduled Inc: $71736
Gross Rent Multiplier: 15.17
Net Operating Inc: $51624
Monthly Income: $0
Income Includes: Rent Only
Operating Expense: $20112
Total Deposit: $3850
Total # Leasable: 0
Operating Exp Incl: Electricity,Gas,Insurance,Licenses,Propert
y Tax,Trash,Water/Sewer
Utilities Expense: $6795
Tax Annual Amount: $6226
Monthly Expenses: $0
Financial Data Srce: Owner
Actual or Scheduled: Actual
Separate Meters: Common Area Meter,Electricity,Water
Lease Deposit: $0
PROPERTY INFORMATION
Subtype Description: Apartments Approx SqFt: 3206
Lot Size Source: Assessor Auto-Fill # of Rooms: 12
SqFt Source: Assessor Auto-Fill Lot Acres (approx): 0.0689
Lot Sq Ft (approx): 3000 Year Built Source: Assessor Auto-Fill
Year Built: 1978 Property Condition: Original
Stories: 2
Special List Cond: Trust
PROPERTY LOCATION
County: San Mateo
APN: 012-333-210
Area/District: 900532
INTERIOR INFORMATION
Appliances: Disposal,Free Standing Electric Range,Free Standing Refrigerator,Gas Water Heater
Flooring: Carpet,Laminate,Linoleum
CONSTRUCTION INFORMATION
Architectural Style: Contemporary
Constr Materials: Shingle Siding,Stucco
Utilities: Cable Connected,City,Electric,Sewer Connected
Water Source: Meter on Site,Public
Sewer: Public Sewer
Security Features: Carbon Mon Detector,Smoke Detector
LOT & OUTDOOR INFORMATION
Lot Features: Shape Regular,Sidewalk
PARKING INFORMATION
Garage Spaces: 4
Total Parking Spaces: 4
Parking Features: Attached,Garage
ASSOCIATION INFORMATION
Association: No
FINANCIAL INFORMATION
City Trans Tax Rate: 0.00
County Trs Tax Rate: 0.00
Possession: Close Of Escrow,Subject To Tenant Rights
OTHER LISTING INFORMATION
Special Zones: See Attached Docs
Disclosures/Docs: Airport Disclosure,Disclosure Package Available,Environmental Hazards Report,Home Inspection Report,Natural
Hazard Disclosure Available,Preliminary Title Report,Seller Property Questionnaire,Structural Pest Control
Report,Transfer Disclosure Statement
Show to VOW: True
Show Addr on VOW: 1
Listing Service: Full Service


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