512 Keoncrest Drive

South San Francisco, CA 94080

$1,650,000
Last Sold Price
Beds
3,250 Sq. Ft.
$508 / Sq. Ft.
3,250
Sq. Ft.
$508
per Sq. Ft.

Description

Unlock Investment Potential in the desirable Sierra Highlands. This 3-unit residence offers a compelling opportunity for investors seeking a stable asset with income-generation potential. Imagine the possibilities: owner-occupy a unit and potentially offset your mortgage with rental income (house hacking), or build your investment portfolio with a property poised for future returns. The building boasts a functional layout with three spacious units, totaling 7 bedrooms and 3.5 bathrooms across 3,250...Unlock Investment Potential in the desirable Sierra Highlands. This 3-unit residence offers a compelling opportunity for investors seeking a stable asset with income-generation potential. Imagine the possibilities: owner-occupy a unit and potentially offset your mortgage with rental income (house hacking), or build your investment portfolio with a property poised for future returns. The building boasts a functional layout with three spacious units, totaling 7 bedrooms and 3.5 bathrooms across 3,250 square feet. Each unit enjoys access to a shared laundry area and a dedicated space in the attached garage for convenient parking. A shared backyard provides a play or gathering space for tenants. The current rent roll offers a solid foundation, with two long-term tenants occupying two units. One vacant unit presents an immediate chance to capitalize on the current market rate. This residence is nestled in the desirable Serra Highlands neighborhood of South San Francisco. Residents enjoy close proximity to Kaiser Permanente, Alta Loma Park, Buri Buri Park, and Buri Buri Elementary School. Convenient shopping is nearby with Westborough Plaza and a Costco just minutes away, while easy access to I-280 and El Camino Real ensures effortless commutes throughout the Bay Area.
  1. Listed by Caroline K. Huo Group • DRE #70010141 • Brokerage DRE #01906450 • KW Advisors • 650-627-3769
  2. Listed by Julian Gonda • DRE #02125232 • Brokerage DRE #01906450 • KW Advisors

Property Details for 512 Keoncrest Drive

MLS City Name
SOUTH SAN FRANCISCO
Building Type
TRIPLEX
Garage Spaces
3
Parking Spaces
0
Cross Street
Newman Dr
LISTING UPDATED: 06/28/2024 06:42 PM

Property Details for 512 Keoncrest Drive

StatusSold
MLS #ML81966272
Days on Compass15
Taxes$3,970 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1960
Lot Size0.12 AC / 5,088 SF
CountySan Mateo County

Building Information for 512 Keoncrest Drive

Stories2Residences3Year Built1960Building Size-Lot Size0.12 AC / 5,088 SF

Property Information for 512 Keoncrest Drive

Features
Features
  • Fireplace: No
  • Laundry: Hookups Only
  • Living SqFt: 3250
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas, Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Serra Highlands
  • Roof: Other
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 512
  • Street Name: Keoncrest
  • Street Suffix: Drive
  • Area ID: 528
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3250
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Ownership Type: Trust
  • Zoning Detail: CL00C1
Location Information
  • Parcel Number: 010-263-170
  • County Name: San Mateo
  • City Name: SOUTH SAN FRANCISCO
  • City Postal ID: 73
  • Postal Code: 94080
  • Elementary School District: 941
  • High School District Text: South San Francisco Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .12
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $3,970
  • Building Unit Total: 3
  • Capitalization Rate: 4.84
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Lease
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $960
  • Expense Maintenance: $0
  • Expense Management: $5,400
  • Expense Trash: $0
  • Expenses Other: $1,032
  • Expenses Utility: $11,940
  • Expenses Total: $23,302
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Services - Sewer, Services - Trash Removal
  • Gross Rent Multiplier: 16.15
  • Income Annual Gross: $106,820
  • Income Annual Rental: $106,020
  • Income Gross Scheduled: $106,820
  • Income Other: $800
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,800
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,800
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,325

Property History for 512 Keoncrest Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 512 Keoncrest Drive

Taxable ValueLand$979,200Additions$734,400Total$1,713,600
Tax Record2024$20,896 ($1,741 / month)
Home Facts
Baths3.5Total Finished SqFt3,250 SqFtAbove Grade Finished SqFt3,250 SqFtStories2Lot Size5,002 SqFtStyleTriplexYear Built1960ZoningCL00C1CountySAN MATEOAPN010-263-170

Schools near 512 Keoncrest Drive

This home is within South San Francisco Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Buri Buri Elementary School
PublicK to 5

Alta Loma Middle School
Public6 to 8

El Camino High School
Public9 to 12

Baden High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Caroline K. Huo Group, DRE #70010141; KW Advisors, Julian Gonda, DRE #02125232

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.