519 Commercial Avenue
519 Commercial Avenue
$4,400,000
—
9,591
9,591
$459
Sold 8/24/22
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...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.
- Listed by Steve Zirelli • DRE #01929245 • Brokerage DRE #00586119 • Cornish & Carey Commercial • 650-224-3118
- Listed by Brian Henry • DRE #01385537 • Brokerage DRE #00586119 • Newmark Cornish & Carey
Property Details for 519 Commercial Avenue
MLS City Name
SOUTH SAN FRANCISCO
Building TypeOther
Garage Spaces3
Parking Spaces7
Location
LISTING UPDATED: 08/25/2022 12:54 PM
Property Details for 519 Commercial Avenue
Status | Sold |
---|---|
MLS # | ML81897328 |
Days on Compass | 52 |
Taxes | $55,748 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1962 |
Lot Size | 0.21 AC / 9,000 SF |
County | San Mateo County |
Location
Building Information for 519 Commercial Avenue
Stories-Residences-Year Built1962Building Size-Lot Size0.21 AC / 9,000 SF
Payment Calculator
$28,658 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 519 Commercial Avenue
Property History for 519 Commercial Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 519 Commercial Avenue
Taxable ValueLand$2,750,000Additions$1,650,000Total$4,400,000
Tax Record2023$54,679 ($4,557 / month)
Home Facts
Baths9Total Finished SqFt9,591 SqFtAbove Grade Finished SqFt9,591 SqFtStories2Lot Size9,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountySAN MATEOAPN012-271-170
Schools near 519 Commercial Avenue
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 - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Spruce Elementary School PublicK to 5 | ||
Parkway Heights Middle School Public6 to 8 | ||
South San Francisco High School Public9 to 12 | ||
Community Day Public6 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.
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