198 West Moltke Street

Daly City, CA 94014

$2,000,000
Last Sold Price
Beds
5,979 Sq. Ft.
$335 / Sq. Ft.
5,979
Sq. Ft.
$335
per Sq. Ft.

Description

This "Original Daly City" 6 unit apartment built in 1931 has been meticulously maintained and loved. It has not been on the market for over 45 years. Excellent location with easy access to freeways, downtown SF, Mid Peninsula, SFO, Walking distance to BART, and public bus transportation. Located just blocks from Junipero Serra Blvd and Mission and all it's amenities. Close to Schools, shops, restaurants, and more. This property features one 2bd/1bth, and five 1bd/1bth units. 3 of the units have been...This "Original Daly City" 6 unit apartment built in 1931 has been meticulously maintained and loved. It has not been on the market for over 45 years. Excellent location with easy access to freeways, downtown SF, Mid Peninsula, SFO, Walking distance to BART, and public bus transportation. Located just blocks from Junipero Serra Blvd and Mission and all it's amenities. Close to Schools, shops, restaurants, and more. This property features one 2bd/1bth, and five 1bd/1bth units. 3 of the units have been completely updated and 3 of the units have been partially updated. Each unit has its own one car garage, and is individually metered. This allows each unit to pay for their own gas, electric, garbage, and water, which offers a significant savings to the owner. Newly painted and a newer roof. Great long term tenants. A great investment property, or a multi-generational family compound. Don't miss out on this remarkable chance to own a piece of Daly City's history that offers financial rewards.
  1. Listed by Valerie Hinton • DRE #01828277 • Brokerage DRE #01828277 • Valerie Hinton, Broker • 650-773-2042

Property Details for 198 West Moltke Street

MLS City Name
DALY CITY
Building Type
OTHER
Garage Spaces
6
Parking Spaces
0
Cross Street
Station Ave
LISTING UPDATED: 09/14/2024 08:11 AM

Property Details for 198 West Moltke Street

StatusSold
MLS #ML81955718
Days on Compass149
Taxes$6,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1931
Lot Size0.10 AC / 4,320 SF
CountySan Mateo County

Building Information for 198 West Moltke Street

Stories2Residences-Year Built1931Lot Size0.10 AC / 4,320 SF

Property Information for 198 West Moltke Street

Features
Room Information
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Countertop - Tile, Hood Over Range, Oven Range, Refrigerator
Features
  • Amenities: None
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: None
  • Living SqFt: 5979
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Floor Furnace, Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: 'Original' Daly City
  • Roof: Composition
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 198
  • Street Name: Moltke
  • Street Direction Prefix: West
  • Street Suffix: Street
  • Area ID: 690
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 5979
  • Structure SqFt Source: Assessor
  • Age: 93
Development Information
  • Construction Type: Concrete, Masonry, Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Parcel Number: 003-302-340
  • County Name: San Mateo
  • City Name: DALY CITY
  • City Postal ID: 13
  • Postal Code: 94014
  • Elementary School District: 693
  • High School District Text: Jefferson Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .10
  • 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: 6
General Information
  • Annual Tax Amount: $6,800
  • Capitalization Rate: 5.08
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $7,400
  • Expense Landscape: $0
  • Expense Maintenance: $5,800
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $50
  • Expenses Total: $20,050
  • Operating Expenses Include: Maintenance - Repair
  • Gross Rent Multiplier: 16.74
  • Income Annual Gross: $134,400
  • Income Annual Rental: $134,400
  • Income Gross Scheduled: $134,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,500
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,800
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,800
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,800

Property History for 198 West Moltke Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 198 West Moltke Street

Taxable ValueLand$58,864Additions$267,261Total$326,125
Tax Record2024$5,850 ($488 / month)
Home Facts
Baths6Total Finished SqFt5,979 SqFtAbove Grade Finished SqFt5,979 SqFtStories2Lot Size4,307 SqFtStyleMulti-Family Res (5+ Units)Year Built1931CountySAN MATEOAPN003-302-340Fireplace TypeHas Fireplace

Schools near 198 West Moltke Street

This home is within Jefferson Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Margaret Pauline Brown Elementary School
PublicK to 5

Benjamin Franklin Intermediate School
Public6 to 8

Westmoor High School
Public9 to 12

Oceana High School
Public9 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.

Similar Homes

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Similar Sold Homes

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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Valerie Hinton, Broker, Valerie Hinton, DRE #01828277

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.