601 Walnut Avenue, South San Francisco, CA 94080
Why pay rent when you can own and have excellent tenants help you with mortgage payments? Build equity today and live in a fully-renovated 3 BR/2 BA unit for less than $3,000/Month, with proven rental income from 2 Easy-To-Manage Units. To Demonstrate: Put 20% Down, Finance 80% at 5.75% (Multi-Family Financing). Monthly Payment: $7,427.25. Collect $2,170 (1 BR) + $3,045 (2 BR) from 2 Units on Ground Floor = $5,215/Month While Living in a Fully-Renovated, Sun-Drenched 3 BR/2 BA House. Deduct $5,215 (Rent Collected) from Mortgage = $7,927.25. Net Monthly Payment (to Live in the Upstairs 3 BR/2 BA): $2,712.25/Month. All 3 Units (House & 2 Ground Floor Units) Completely Renovated by Licensed Contractors (but without benefit of permits) in 2018 and 2019. New Electrical, New Copper Plumbing, New Furnaces, New Kitchens, New Baths, New Tuff-Sheds in Backyard for Extra Storage. (1-Storage Per Unit). All 3 Units Consistently Rented for: $4,695+ (3 BR), $2,200+ (1 BR) and $3,200+ (2 BR) with Driveway Parking for each unit. Easy Access to Genentech and the Epicenter of Biotech/Life-Sciences Companies, as well as Kaiser, SF Airport, and other Silicon Valley Companies. 10-15 Minutes from Downtown San Francisco w/ Easy Access to 101 and 280. Don't Wait. This Deal Will Not Last.
Bedrooms
6
Bathrooms
4
Square Feet
2,600
Lot Size
5,030 sqft
Year Built
1924
Property Type
Single Family Residence
Days on Market
0
HOA Fee
N/A
Garage Total
0
MLS #
ML82039898
Interior Features
Breakfast Area
Flooring
Tile, Wood
Fireplace
Living Room, Wood Burning
Appliances
Dishwasher, Gas Cooktop, Disposal, Gas Oven, Refrigerator
Total Parking Spaces
1
Attached Garage
Yes
Parking Features
Off Street, Uncovered, Workshop In Garage
Fencing
Chain Link
Construction
Stucco
Foundation
Concrete Perimeter
Roof
Composition
Direction Faced
South
Sewer
Public Sewer
Water Source
Public
$0
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Based on price, location, and features
Topfind Realty, DRE # 02240815, is a licensed real estate broker in California. Topfind Realty pledges to support the Fair Housing Act and adhere to Equal Housing Opportunity laws.
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