519 Commercial AVE

SOUTH SAN FRANCISCO, CA, 94080

$4,400,000

$458 per ft²
$4,400,000
$458 per ft²
Sold
Sold
carpenters-square
9,591 ft²
property_type
Commercial
calendar
Built 1962
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.
MLS® ID:
ML81897328
Updated:
9/29/22
Christie's International Real Estate
The Damelio Group

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
8,999 ft² lot
Roof
Composition
Sewer
Sewer - Public

Other Property Details

Area Name
532
Garage
Yes
Garage Spaces
3
Parking
Attached Garage, Covered Parking, Tandem Parking
Parking Total
7.0
View
Y
County
San Mateo
Utilities
Public Utilities
Water Source
Public
Pool
Yes
Zoning
Multi Family

Property History

Date
Event
Price
Value
8/26/22
Sold
-
-
8/26/22
Price Change
$4,400,000
-7%
8/16/22
Pending
-
-

 

Courtesy of Steve Zirelli, Cornish & Carey Commercial

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Damelio Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than The Damelio Group are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 2:43 AM UTC, 9/29/22

 

Christie's International Real Estate
The Damelio Group
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