$1,498,888
$90K PRICE DROP

Estimated payment $9,563/month

Total Views 1,999
7 Beds
5 Baths
3,500 Sq Ft
$428 Price per Sq Ft

Highlights

  • Secured Garage or Parking
  • 1-minute walk to Oakdale/Palou Station
  • Washer and Dryer
  • Forced Air Heating System
  • Coin Laundry
  • 4-minute walk to Palou & Phelps Park

About This Home

Prime Three-Unit Multifamily Investment Opportunity with Solar Savings Discover this exceptional three-unit multifamily property, a fantastic investment opportunity with strong rental income and long-term tenants. The building features two spacious 3-bedroom, 2-bath units, each approximately 1,500 sq. ft., beautifully remodeled and well-maintained. The third unit is a charming 1-bedroom, 1-bath located downstairs. Adding to its appeal, this property has a solar panel system, helping lower operating costs and putting more money in the landlord's pocket. Tenants benefit from reduced utility expenses, making this an even more attractive rental option. Conveniently situated near major freeways and downtown, this property offers easy access to shopping, dining, and employment hubs, ensuring high demand and stable occupancy. With great income potential, energy-efficient savings, and an excellent location, this is an ideal investment for both seasoned and first-time investors. Don't miss out on this high-performing multifamily opportunity.

Listing Agent

Paymon Ghafouri

Paymon Real Estate Group License #01375245 Listed on: 06/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,404

Year Built

  • 1989

Parking

  • 2 Car Garage
  • Secured Garage or Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,500 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher

Additional Features

  • 2,500 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Insurance Expense $3,451
  • Maintenance Expense $938
  • Other Expense $1,476
  • Utility Expense $3,095
  • Trash Expense $1,375
  • Operating Expense $25,739
  • Gross Income $110,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,404

Year Built

1989

Lot Details

0

Parking

2

Listing Details

  • Zoning: RH2
  • Subclass: Triplex
  • Age: 36
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1989

Interior Features

  • Kitchen: Dishwasher, Cooktop - Gas, Hood Over Range, Oven Range - Gas
  • Living Sq Ft: 3500
  • Stories: 3
  • Security: Secured Garage / Parking
  • Laundry: Coin Operated, Washer/Dryer - Some Units

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Francisco Unified

Lot Info

  • Lot Acres: 0.0574
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2500.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 13.63
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3451
  • Expense Maintenance: 938
  • Expenses Other: 1476
  • Expenses Total: 25739
  • Expenses Utility: 3095
  • Expense Trash: 1375
  • Income Annual Gross: 110000.00
  • Income Annual Rental: 110000
  • Income Gross Scheduled: 110000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Laundry, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,404 $1,247,618 $873,336 $374,282
2023 $15,171 $1,223,156 $856,212 $366,944
2022 $14,880 $1,199,174 $839,424 $359,750
2021 $14,616 $1,175,664 $822,966 $352,698
2020 $14,786 $1,163,610 $814,528 $349,082
2019 $14,183 $1,140,796 $798,558 $342,238
2018 $13,706 $1,118,428 $782,900 $335,528
2017 $13,246 $1,096,500 $767,550 $328,950
2016 $13,028 $1,075,000 $752,500 $322,500
2015 $7,368 $600,798 $153,056 $447,742
2014 $7,173 $589,030 $150,058 $438,972
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $1,498,888 -5.7% $428 / Sq Ft
06/16/2025 06/16/25 For Sale $1,588,888 -- $454 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Natl Title Co
Grant Deed $1,075,000 Chicago Title Company
Interfamily Deed Transfer -- Placer Title Company
Interfamily Deed Transfer -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $907,500 New Conventional
Closed $543,000 Commercial
Previous Owner $543,444 Commercial
Previous Owner $273,000 Commercial
Previous Owner $266,000 Unknown
Previous Owner $260,000 Commercial
Source: Public Records

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Source: MLSListings

MLS Number: ML82011143

MLSListings

APN: 5322-047