85-87 Chestnut Avenue

South San Francisco, CA 94080

$1,399,000
Price
Beds
2,020 Sq. Ft.
$693 / Sq. Ft.
2,020
Sq. Ft.
$693
per Sq. Ft.

Description

Exceptional investment opportunity In South San Francisco. 85-87 Chestnut Ave consists of two 2 bedroom, 1 bath units on an oversized 7,228sf (per assessor) parcel. Potential to add another ADU (buyer to verify with City). Extensive capital improvements and site work have been performed. Gas, Electric, and water are separately metered and paid by the tenants (trash as well) One unit is currently vacant allowing for immediate occupancy by an owner user, or the ability to re-rent at market rate. Ideal...Exceptional investment opportunity In South San Francisco. 85-87 Chestnut Ave consists of two 2 bedroom, 1 bath units on an oversized 7,228sf (per assessor) parcel. Potential to add another ADU (buyer to verify with City). Extensive capital improvements and site work have been performed. Gas, Electric, and water are separately metered and paid by the tenants (trash as well) One unit is currently vacant allowing for immediate occupancy by an owner user, or the ability to re-rent at market rate. Ideal location that is walkable to both Downtown South San Francisco and Bart. Truly a turnkey investment opportunity.
  1. Listed by Matthew Rogers • DRE #01824110 • Brokerage DRE #00473300 • Rogers & Associates • 650-678-4837

Property Details for 85-87 Chestnut Avenue

MLS City Name
SOUTH SAN FRANCISCO
Building Type
DUPLEX
Garage Spaces
2
Parking Spaces
3
LISTING UPDATED: 07/12/2024 10:42 AM

Property Details for 85-87 Chestnut Avenue

StatusActive
MLS #ML81966204
Days on Compass64
Taxes$17,522 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1951
Lot Size0.17 AC / 7,228 SF
CountySan Mateo County

Building Information for 85-87 Chestnut Avenue

Stories2Residences2Year Built1951Building Size-Lot Size0.17 AC / 7,228 SF

Property Information for 85-87 Chestnut Avenue

Features
External Links
Features
  • Fireplace: No
  • Laundry: Washer / Dryer
  • Living SqFt: 2020
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Other
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Gate / Door Opener, Off-Street Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: So. San Francisco - Industrial
  • Roof: Composition, Shingle
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 85-87
  • Street Name: Chestnut
  • Street Suffix: Avenue
  • Area ID: 524
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2020
  • Structure SqFt Source: Assessor
  • Age: 73
Development Information
  • Zoning Detail: R20000
Location Information
  • City Limits: Yes
  • Parcel Number: 011-314-040
  • 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 and Slab
  • Horse Property: No
  • Lot Acres: .17
  • 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: 1
General Information
  • Annual Tax Amount: $17,522
  • Building Unit Total: 2
  • Capitalization Rate: 4.20
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,778
  • Expense Landscape: $150
  • Expense Maintenance: $1,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $20,450
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Vacancy Factor
  • Gross Rent Multiplier: 17.14
  • Income Annual Gross: $79,152
  • Income Annual Rental: $81,600
  • Income Gross Scheduled: $81,600
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,400
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,400

Property History for 85-87 Chestnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 85-87 Chestnut 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
Sunshine Gardens Elementary School
PublicK to 5

Parkway Heights Middle School
Public6 to 8

El Camino 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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85-87 Chestnut Avenue is a multi-family home for sale in South San Francisco, CA 94080. This property was listed for sale on May 17, 2024 by Rogers & Associates, it's currently listed at $1,399,000. It has been on the market for a total of 64 days and was last sold on November 30, 2022. This listing's school district is South San Francisco Unified School District. Nearby schools include Sunshine Gardens Elementary School, Parkway Heights Middle School and El Camino High School. 85-87 Chestnut Avenue is a 0-bed, 0-bath, 2,020 sqft multi-family home built in 1951.

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 Rogers & Associates, Matthew Rogers, DRE #01824110

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.