$1,698,000

601 Walnut Avenue, South San Francisco, CA 94080

  • 2,600 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon5,031sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $653/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Great Starter Opportunity! Live upstairs (fully-renovated 3 BR/2 BA) and easily lease/self-manage the 2 downstairs units w/ high-quality tenants. Build equity today while living in comfort, with proven rental income from 2 Very-Easy-To-Manage Units. Put 35% Down, Finance 65% at 5.75% (Multi-Family Financing). Monthly Payment: $6,440.89. Collect $2,170 (1 BR) + $3,045 (2 BR) from 2 Ground Floor Units ($5,215/Month) While Living in a Renovated, Sun-Drenched 3 BR/2 BA House. Deduct $5,215 (Rent Collected) from Mortgage ($6,440.89). Net Monthly Payment (to Live in the Upstairs 3 BR/2 BA): $1,225.89/Month. Day 1 CAP Rate: 5.03% / Pro-Forma CAP: 5.61%. All 3 Units (House & 2 Ground Floor Units) Completely Renovated by Licensed Contractors in 2018 and 2019. New Electrical, New Copper Plumbing, New Furnaces, New Kitchens, New Baths, New Tuff-Sheds in Backyard for Extra Storage. (1-Storage Per Unit). All 3 Units Consistently Rented for: $4,695+ (3 BR), $2,200+ (1 BR) and $3,200+ (2 BR) with Driveway Parking for each unit. Tenants Pay All Utilities (Water, Garbage, PG & E) Easy Access to Genentech and the Epicenter of Biotech/Life-Sciences Companies, as well as Kaiser, SF Airport, and other Silicon Valley Companies. 10-15 Minutes from Downtown San Francisco w/ Easy Access to 101 and 280.

Listing Status:
Active
Date Added:
March 23, 2026
Data Last Updated:
April 3, 2026 at 2:18AM
Listing Office:
Colliers Parrish International, Inc. : 408-282-3800
Listing Agent:
Don Sung : 650-380-5188
MLS ID:
ML82039970
  • Appliances: DishwasherDisposalIce MakerMicrowaveRefrigeratorRange Hood
  • A/C: Whole House Fan
  • Heating: Wall Furnace
  • Disability Feature: Parking
  • Parking: UncoveredParking spaces: 2
  • Roofing: Composition
  • General: 3
  • Originating MLS: CRMLS_MLSL
  • School District: South San Francisco Unified
  • County: San Mateo
  • Zoning: R10006012153140
  • Utilities: Natural Gas Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_MLSL

This listing courtesy of Don Sung , Colliers Parrish International, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Spruce Elementary School

501 Spruce Ave, South San Francisco, CA, 94080

Grades KG-5

0.18 miles away

P

Parkway Heights Middle School

650 Sunset Ave, South San Francisco, CA, 94080

Grades 6-8

0.83 miles away

C

Community Day

201 W Orange Ave, South San Francisco, CA, 94080

Grades 6-12

0.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.