424 Lux Avenue

South San Francisco, CA 94080

$2,075,000
Last Sold Price
Beds
5,575 Sq. Ft.
$372 / Sq. Ft.
5,575
Sq. Ft.
$372
per Sq. Ft.

Description

The time has come for the owners to sell this property. Unusual offering. Five buildings on two parcels (APN 012-165-050 and 012-165-040). The properties face on Lux and Park Way. At 428 Lux there is a 2 bedroom home. 424-426 Lux is a duplex with 1bed/1bath both units. 419, 421 and 423 Park Way are each one bedroom homes. Long term tenants, could be considered a fixer upper. Some tenants are subletting space, with creativity.The time has come for the owners to sell this property. Unusual offering. Five buildings on two parcels (APN 012-165-050 and 012-165-040). The properties face on Lux and Park Way. At 428 Lux there is a 2 bedroom home. 424-426 Lux is a duplex with 1bed/1bath both units. 419, 421 and 423 Park Way are each one bedroom homes. Long term tenants, could be considered a fixer upper. Some tenants are subletting space, with creativity.
  1. Listed by Dennis Moreno • DRE #00409846 • Brokerage DRE #00409846 • MGM Real Estate • 408-888-2553

Property Details for 424 Lux Avenue

MLS City Name
SOUTH SAN FRANCISCO
Building Type
Other
Style
Traditional
Garage Spaces
8
Parking Spaces
6
Cross Street
Walnut
LISTING UPDATED: 12/24/2024 10:22 AM

Property Details for 424 Lux Avenue

StatusSold
MLS #ML81980818
Days on Compass35
Taxes$44,469 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1928
Lot Size0.24 AC / 10,590 SF
CountySan Mateo County

Building Information for 424 Lux Avenue

Stories-Residences-Year Built1928Building Size-Lot Size0.24 AC / 10,590 SF

Property Information for 424 Lux Avenue

Features
Room Information
  • Kitchen: Appliances - Vary by Unit, Countertop - Formica, Countertop - Tile, Exhaust Fan, Garbage Disposal, Oven Range - Electric, Varies by Unit
Features
  • Amenities: None
  • Energy Features: Thermostat Controller
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 5575
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric, Floor Furnace, Forced Air, 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, Off-Street Parking, Tandem Parking
Property Details
Homeowners Association
  • HOA Amenities: None
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Old South SF / Rocca
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 424
  • Street Name: Lux
  • Street Suffix: Avenue
  • Area ID: 532
Lot / Property Details
Building Information
  • Number of Buildings: 5
  • Structure SqFt: 5575
  • Structure SqFt Source: Other
  • Age: 96
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Corporation
  • Zoning Detail: R10006
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 012-165-050
  • County Name: San Mateo
  • City Name: SOUTH SAN FRANCISCO
  • City Postal ID: 73
  • Postal Code: 94080
  • Elementary School: 775
  • Elementary School District: 941
  • Middle School Text: Parkway Heights Middle
  • High School District Text: South San Francisco Unified
  • High School Text: South San Francisco High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .24
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Balcony / Patio
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $44,469
  • Capitalization Rate: 6.67
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,700
  • Expense Landscape: $0
  • Expense Maintenance: $13,560
  • Expense Management: $14,400
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $76,129
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Vacancy Factor
  • Gross Rent Multiplier: 9.57
  • Income Annual Gross: $222,906
  • Income Annual Rental: $229,800
  • Income Gross Scheduled: $229,800
  • Income Other: $0

Property History for 424 Lux Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 424 Lux Avenue

Taxable ValueLand$984,280Additions$563,226Total$1,547,506
Tax Record2024$18,348 ($1,529 / month)
Home Facts
Baths2.5Total Finished SqFt4,269 SqFtAbove Grade Finished SqFt4,269 SqFtStories2Lot Size4,257 SqFtStyleMulti-Family Dwelling (2-4)Year Built1928ZoningR10006CountySAN MATEOAPN012-165-050Fireplace TypeHas Fireplace

Schools near 424 Lux Avenue

This home is within South San Francisco Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Spruce Elementary School
PublicK to 5

Parkway Heights Middle School
Public6 to 8

South San Francisco High School
Public9 to 12

Community Day
Public6 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 MGM Real Estate, Dennis Moreno, DRE #00409846

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.