Property Overview:
560 Grand Ave is a multi-family property in South San Francisco, CA, built in 1958. The offering includes two detached single-family homes on a single lot:
- 560 Grand Ave: 2 bedrooms, 1 bath, approx. 951+ sq. ft., one-car garage.
- 561 4th Lane: Two-story, 2 bedrooms, 1 bath, den, approx. 2,250 sq. ft., two-car tandem garage, two exterior tandem carports.
Both homes are remodeled with new kitchens, new roof, refinished hardwood floors, and fresh interior/exterior paint. Separate PG&E and water meters for each home. Shared central yard.
Neighborhood Highlights:
-
Crime Rate:
- Personal crime risk: 5.3% (lower than state average of 11.8%).
- Property crime risk: 7.3% (lower than state average of 10.8%).
-
Schools:
Nearby schools: Spruce Elementary, Parkway Heights Middle, Community Day.- Average SAT score: 951 (below state average of 975).
-
Job Market:
- 58.3% white-collar jobs, 41.7% blue-collar jobs.
- Unemployment rate: 3.6% (lower than state average of 4.7%).
-
Demographics:
- Community population: 59,728 (10% growth since 2000).
- 73% families with children.
- Largest age group: 25-34 years (15%); second largest: 35-44 years (14.29%).
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 48.8°F (January), 62.9°F (July).
- Average rainfall: 18.3 inches/year.
- Average snowfall: 0 inches/year.
-
Cost of Living:
- Median household income: $66,857.
- Average annual spending: $52,389.
Property Features:
- Two remodeled 2-bedroom, 1-bath homes on a 32.5 x 140 ft lot with dual street frontages.
- 561 4th Lane:
- Full basement for future improvement.
- Bonus room (downstairs, no warranty).
- Private entrance for added privacy.
- Washer/dryer hookups (electric & gas).
- Parking:
- One-car garage (560 Grand Ave).
- Two-car tandem garage and two exterior tandem carports (561 4th Lane).
- Utilities:
- Separate PG&E and water meters for each home.
- Outdoor Space:
- Shared central yard between both homes.
Location Benefits:
- Prime location in the heart of South San Francisco.
- Ideal for owner-occupants (live in one, rent the other) or investors seeking rental income.
- Commuter-friendly: Easy access to public transportation and major highways.
- Family-oriented community with strong growth and amenities.