502 Commercial Lane

South San Francisco, CA 94080

$9,888,000
Price
Beds
9,999 Sq. Ft.
$989 / Sq. Ft.
9,999
Sq. Ft.
$989
per Sq. Ft.

Description

Unlock the door to an extraordinary real estate opportunity in South San Francisco. This unique bundle of sale presents a blend of lucrative investment potential, featuring a meticulously crafted single-family home and a collection of 10 modern townhomes. Welcome to a lifestyle where residential elegance meets strategic investment. This sale is including physical addresses of 502, 504,506, 508 Commercial Ave, 508-A Commercial Ave, 101, 103, 107, 109, 111 Spruce Ave and 507 Second Lane. This is your...Unlock the door to an extraordinary real estate opportunity in South San Francisco. This unique bundle of sale presents a blend of lucrative investment potential, featuring a meticulously crafted single-family home and a collection of 10 modern townhomes. Welcome to a lifestyle where residential elegance meets strategic investment. This sale is including physical addresses of 502, 504,506, 508 Commercial Ave, 508-A Commercial Ave, 101, 103, 107, 109, 111 Spruce Ave and 507 Second Lane. This is your chance to own a distinctive piece of South San Francisco real estate, where residential comfort and investment potential converge.
  1. Listed by Victoria Lam • DRE #01326466 • Brokerage DRE #01908304 • Coldwell Banker Realty • 650-455-8878
  2. Listed by Blaise Lin • DRE #01324926 • Brokerage DRE #01091783 • Acel Realty

Property Details for 502 Commercial Lane

MLS City Name
SOUTH SAN FRANCISCO
Building Type
Other
Garage Spaces
12
Parking Spaces
5

Location

Listing Courtesy of Coldwell Banker Realty, Victoria Lam, DRE #01326466; Acel Realty, Blaise Lin, DRE #01324926
LISTING UPDATED: 03/17/2024 10:38 PM

Property Details for 502 Commercial Lane

StatusActive
MLS #ML81957415
Days on Compass45
Taxes$22,464 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1940
Lot Size0.11 AC / 5,005 SF
CountySan Mateo

Location

Listing Courtesy of Coldwell Banker Realty, Victoria Lam, DRE #01326466; Acel Realty, Blaise Lin, DRE #01324926

Building Information for 502 Commercial Lane

Stories-Residences-Year Built1940Building Size-Lot Size0.11 AC / 5,005 SF

Payment Calculator

$55,835 per month

30 year fixed, 7.25% Interest

Principal and Interest

$53,963

Property Taxes

$1,872

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 Commercial Lane

Features
Features
  • Fireplace: No
  • Living SqFt: 9999
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas, Electric
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Off-Site Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 11
  • Area Text: Old South SF / Rocca
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 502
  • Street Name: Commercial
  • Street Suffix: Lane
  • Area ID: 532
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 9999
  • Structure SqFt Source: Other
  • Age: 84
Development Information
  • Ownership Type: Individual
  • Zoning Detail: DRH
Location Information
  • Directions: Spruce Avenue to Commercial Ave
  • Parcel Number: 012272240
  • 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 Slab
  • Lot Acres: .11
  • 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: 11
General Information
  • Annual Tax Amount: $22,464
  • Capitalization Rate: 3.78
  • Tenant Expenses: All Expenses
  • Income Includes: Parking
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $5,760
  • Expense Landscape: $50
  • Expense Maintenance: $50
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $28,324
  • Operating Expenses Include: Fee - Property Tax, Other
  • Gross Rent Multiplier: 24.61
  • Income Annual Gross: $401,740
  • Income Annual Rental: $401,340
  • Income Gross Scheduled: $401,740
  • Income Other: $400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Approx Square Footage: 3550
  • Unit 2 Full Bathrooms: 5
  • Unit 2 Number of Bedrooms: 6
  • Unit 2 Rent: $7,595
Unit 3 Information
  • Unit 3 Rent: $2,195

Property History for 502 Commercial Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Similar Homes

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502 Commercial Lane is a multi-family home for sale in South San Francisco, CA 94080. This property was listed for sale on March 13, 2024 by Coldwell Banker Realty, it's currently listed at $9,888,000. 502 Commercial Lane is a 0-bed, 0-bath, 9,999 sqft multi-family home built in 1940.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Victoria Lam, DRE #01326466; Acel Realty, Blaise Lin, DRE #01324926

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.