116 San Felipe Avenue, San Bruno, California 94066, San Bruno, - bed, bath

home-pic
ACTIVE$1,499,000
116 San Felipe Avenue, San Bruno, California 94066
0Bed
0Bath
3,540Sqft
7,112Lot
Year Built
1930
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015456
Home ConditionPoor
Features
Deck
View-

About this home

Rarely available, two buildings on one lot cash cow. Front building has nine individually rented rooms with common kitchen & baths. Rear, free standing charming cottage has fenced yards and parking. Front house is two stories with common kitchen upstairs, nine month to month rented rooms, two full and one quarter common baths, and a small common food prep area on first floor. Rear House is charming with two bedrooms, living room, cheerful kitchen, and a two large private storage areas down and a private laundry area. Long time family owned, it is perfect for a hands on property manager to maximize rental income; a person who lives in the rear house and rents the front; an organization that needs individual room flexibility, or a buyer that can envision future possibilities with its large lot. It is within mere feet of El Camino Real with north/south bus stops on the corners, Please do not disturb tenants. A unique, rare opportunity!

Nearby schools

4/10
Lomita Park Elementary School
Public,K-50.5mi
6/10
Taylor Middle School
Public,6-81.5mi
9/10
Mills High School
Public,9-122.0mi

Price History

Date
Event
Price
08/11/25
Listing
$1,499,000
Condition Rating
Poor

Built in 1930, this property shows significant signs of age and deferred maintenance. The images reveal extremely outdated kitchens with old cabinets, laminate countertops, basic appliances, and utilitarian lighting, requiring a complete overhaul. Bathrooms are similarly basic and dated, featuring old fixtures and finishes. The exterior exhibits wear, peeling paint, and unfinished areas, indicating a need for substantial repairs and rehabilitation to meet modern living standards. While functional for its current rental purpose, it is far from move-in ready for a typical buyer.
Pros & Cons

Pros

High Income Potential: Described as a 'cash cow' with nine individually rented rooms and a separate charming cottage, offering significant rental income opportunities from two distinct structures on one lot.
Flexible Use & Owner-Occupancy: The property's configuration allows for an owner to reside in the private rear cottage while generating substantial income from the front building, or operate as a full investment property.
Excellent Transit-Oriented Location: Situated 'within mere feet of El Camino Real with north/south bus stops on the corners,' providing superb public transportation access for tenants and enhancing rental desirability.
Development/Value-Add Potential: The 'large lot' (7112 sqft) and the description's hint at 'future possibilities' suggest potential for redevelopment, expansion, or increased density, subject to local zoning.
Unique Multi-Unit Configuration: A 'rarely available' and 'unique' setup with two distinct buildings on one lot, offering a specialized investment opportunity not commonly found in the market.

Cons

Intensive Property Management Required: The front building's nine individually rented rooms with common facilities and month-to-month leases will necessitate a 'hands on property manager' for optimal income, tenant relations, and maintenance.
Age and Potential for Deferred Maintenance: Built in 1930 and 'long time family owned,' the property may require significant capital investment for updates, repairs, or modernization to meet current standards and maximize its potential.
Tenant Occupancy & Access Constraints: The instruction 'Please do not disturb tenants' indicates occupied units, which can complicate showings, inspections, and due diligence for prospective buyers, potentially impacting the sales process.

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