831841 Santa Lucia Avenue, San Bruno, California 94066, San Bruno, 94066 - 4 bed, 2 bath
ACTIVE$1,170,000
831841 Santa Lucia Avenue, San Bruno, California 94066
4Beds
2Baths
2,240Sqft
5,001Lot
Price Vs. Estimate
The estimated value ($1,099,908.315) is $70,091.685 (5%) lower than the list price ($1,170,000). This property may be overpriced.
Key pros and cons
Top Pros:
Duplex Configuration: The property is an outstanding duplex with two separate units, each having its own entrance, offering excellent potential for rental income or multi-generational living.
Top Cons:
Age of Property: Built in 1955, the property's age may imply older infrastructure (e.g., plumbing, electrical, HVAC systems) that could require significant future capital investment if not already updated beyond cosmetic renovations.
Compared to the nearby listings
Price:$1.17M vs avg $1.37M ($-195,500)29%
Size:2,240 sqft vs avg 1,385 sqft89%
Price/sqft:$522 vs avg $9822%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this property has received recent cosmetic updates such as refinished hardwood flooring and fresh interior paint, which are positive. However, the kitchen and bathrooms are extremely outdated. The kitchen features very old cabinetry, tiled countertops, and no visible appliances, indicating a need for a complete overhaul. The bathroom is a relic with its original pink tiled walls and floor, and an old vanity. While the property is clean and superficially maintained, the critical areas of the kitchen and bathrooms require substantial rehabilitation to meet modern standards, aligning with the 'Poor' condition criteria.
Year Built
1955
Close
-
List price
$1.17M
Original List price
$1.17M
Price/Sqft
$522
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026159
Home ConditionPoor
Features
Patio
View-
About this home
Outstanding Duplex - 2 separate units with their own separate entrances side by side. Each have their own separate garage space (with storage lofts and laundry in each garage), separate yards, and they are separately metered for all utilities. Beautifully maintained, vacant and ready to occupy! Just refinished hardwood flooring throughout both units, recent paint interior paint for both units, curb appeal and much more! Perfect for rental or owner occupancy! This is an absolute do not miss!
Condition Rating
Poor
Built in 1955, this property has received recent cosmetic updates such as refinished hardwood flooring and fresh interior paint, which are positive. However, the kitchen and bathrooms are extremely outdated. The kitchen features very old cabinetry, tiled countertops, and no visible appliances, indicating a need for a complete overhaul. The bathroom is a relic with its original pink tiled walls and floor, and an old vanity. While the property is clean and superficially maintained, the critical areas of the kitchen and bathrooms require substantial rehabilitation to meet modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Duplex Configuration: The property is an outstanding duplex with two separate units, each having its own entrance, offering excellent potential for rental income or multi-generational living.
Independent Units: Each unit benefits from separate utility metering, individual garage spaces with storage lofts and laundry, and private yards, enhancing tenant independence and appeal.
Move-in Ready Condition: Both units are beautifully maintained, vacant, and ready for immediate occupancy, featuring recently refinished hardwood flooring and fresh interior paint, minimizing immediate buyer expenses.
Versatile Investment Opportunity: The property is ideal for both rental investment and owner occupancy, providing flexibility for various buyer strategies in a desirable San Bruno location.
Potential Value Proposition: The current listing price of $1,170,000 is below the estimated property value of $1,280,228, suggesting a favorable acquisition opportunity for buyers.
Cons
Age of Property: Built in 1955, the property's age may imply older infrastructure (e.g., plumbing, electrical, HVAC systems) that could require significant future capital investment if not already updated beyond cosmetic renovations.
Modest Lot Size: With a lot size of 5001 sqft for a duplex, the individual yard spaces for each unit might be relatively modest, potentially limiting extensive outdoor living areas or future expansion possibilities.
Lack of Major System Upgrade Details: While cosmetic updates are highlighted, the description lacks specific information regarding major system upgrades (e.g., roof, windows, foundation, electrical panel), which could be a concern for long-term maintenance planning.