South San Francisco, CA 94080,519 Commercial AVE
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South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE
South San Francisco, CA 94080,519 Commercial AVE

$4,400,000

Est. payment /mo

$4,750,000

7.4%
Est.Price: ?

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519 Commercial AVE South San Francisco, CA 94080

8,999 Sqft Lot

SOLD DATE : 08/24/2022

Key Details

Sold Price $4,400,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81897328

Sold Date 08/24/22

HOA Y/N No

Year Built 1962

Annual Tax Amount $55,748

Lot Size 8,999 Sqft

Property 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 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.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning Multi Family

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 5

Roof Type Composition

Total Parking Spaces 7

Building

Water Public

Schools

School District South San Francisco Unified

Others

Tax ID 012271170

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steve Zirelli • Cornish & Carey Commercial
Bought with Larry Mueller • RE/MAX Star Properties
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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