120 Gardiner Avenue, South San Francisco, California 94080, South San Francisco, - bed, bath
ACTIVE$1,499,999
120 Gardiner Avenue, South San Francisco, California 94080
0Bed
0Bath
2,184Sqft
5,000Lot
Year Built
1935
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81982870
Home ConditionFair
Features
Patio
View-
About this home
With the high demand for rental properties in South San Francisco, this triplex presents a remarkable opportunity for investors or homeowners looking to offset their mortgage with rental income. Units #B and #C provides one car garage and private backyards. Great neighborhood, this triplex is just minutes away from parks, schools, shopping, public transportation and adjacent to the birthplace of Biotechnology. Easy access to major highways makes commuting to San Francisco convenient.
Nearby schools
5/10
Martin Elementary School
Public,•K-5•0.4mi
/10
Hillside Elementary
Public,•PK-5•1.3mi
5/10
Parkway Heights Middle School
Public,•6-8•1.4mi
5/10
South San Francisco High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
09/05/25
Price Change
$1,499,999
10/06/24
Listing
$1,550,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,184 | 2,367 | 50% |
| Lot Size | 5,000 | 6,000 | 50% |
| Price | $1.5M | $1.41M | 50% |
| Price per square foot | $687 | $603.5 | 50% |
| Built year | 1935 | 9535968 | 100% |
| HOA | |||
| Days on market | 395 | 253 | 50% |
Condition Rating
Fair
The property was built in 1935, making it an older home. While the exterior appears maintained and the backyard has a recent artificial turf update, there are no interior photos of the kitchen or bathrooms. Given its age and the lack of information regarding major renovations, it's highly probable that the interior components, especially the kitchen and bathrooms, are outdated in style and features, even if functional. This aligns with the 'Fair' criteria, indicating an aged but maintained property where major components are functional but show signs of being outdated and would likely require minor updates or repairs for modern standards.
Pros & Cons
Pros
Income-Generating Asset: This triplex offers a significant opportunity for investors or homeowners to generate substantial rental income in a high-demand market, potentially offsetting mortgage costs.
Strategic Location: Situated in a great neighborhood in South San Francisco, the property boasts proximity to parks, schools, shopping, public transportation, and the thriving biotechnology hub, enhancing tenant appeal.
Excellent Commuter Access: Easy access to major highways makes commuting to San Francisco and other Bay Area destinations highly convenient, a key draw for potential renters.
Individual Unit Amenities: Units #B and #C provide desirable features such as a one-car garage and private backyards, adding value and appeal for tenants.
Strong Rental Market: The property benefits from the high demand for rental properties in South San Francisco, ensuring a robust tenant pool and consistent occupancy.
Cons
Age of Property: Built in 1935, the property may require significant updates to systems (plumbing, electrical, HVAC) and interiors to meet modern tenant expectations and maximize rental value.
Limited Unit Detail: The description lacks specific details on the condition or features of each individual unit, particularly Unit A, which may not offer the same amenities (garage, backyard) as Units B and C.
Potential for Capital Expenditures: Given its age, a new owner should anticipate potential capital expenditures for renovations, deferred maintenance, or upgrades to enhance competitiveness and long-term value.