50 Theta Ave, Daly City 94014
$499,000

* Status: Active
* Bedroom: 2
* Bathroom: 2
* Year Built: N/A
* Lot Size: 4900
* Square Footage: N/A
* List Date: 7/21/2007
* Garage Spaces: 0
* MLS#: 740690
*
very close to public tranportation,freeway 280,shopping center,bart 2 bedrooms 1 full bath and kitchen. now rental $1700.00 month to month.seller will carry 2nd

So right now this rents out for $1700 a month. Now, you could rent it, or you could buy it for $499. $499000/(1700*12) is only 24! That’s a pretty good ratio don’t you think?

Not only that, but the seller will carry the mysterious 2nd.

Frankly, this is a fantastic investment opportunity if you ask me. It’s all about cashflow, and cash will be flowing for sure. Wouldn’t you agree?

Hey everyone,

I’m sure you’ve been wondering whatever happened to the yellow house in Daly City. To refresh your memory, here’s what happened:

January 2007:

August 2007:

December 2007:

January 2008:

Well, bad news my friends. It’s been sold, so you can’t buy it. It sold for $445k - meaning the new owner scored a sweet $405,000 in instant equity that you didn’t.

Here’s the final sales history:

4/20/2007     $558,763     Trustee’s Deed upon Sale     Resale     Recontrust Co Na     HSBC Bank USA     600316737

5/30/2006     $815,000     Grant Deed     Resale     Serano, Camilo     Cumberworth, Carmen     400528853

4/5/2004          Grant Deed     Resale     Diaz, Jorge N     Melendez, Mayda C     255774005

4/5/2004          Grant Deed     Resale     Calalang, Charito B     Calalang, Tennyson M     255773232

4/5/2004     $575,000     Grant Deed     Resale     Cornelius, Maria L     Serano, Camilo     255766895

4/5/2004          Grant Deed     Resale     Alvarado, Juan A     Cornelius, Maria L     255766767

7/5/1996          Grant Deed     Resale     Cornelius, Edwin E     Cornelius, Maria L     255770445

7/5/1996               Refi     Cornelius, Maria L     Cornelius, Maria L     255768149

6/12/1992     $205,000     Grant Deed     Resale     Fielder, John W &     Cornelius, Edwin&Maria     255771475

Thanks to Burbed reader Renter for notifying me of this!

January 2007:

August 2007:

December 2007:

January 2008:

Oh. My. God.

This is the deal of the century: starting bid, $219k. Previously valued to:  $815k $850k (Thanks to this site!)

If you’re not bidding for this house, I don’t know what’s wrong with you. Obviously the final bid will be closer to $1 million than $219k, so now’s the time to open your checkbook and buy the Daly City house of your dream!

Yellow house, you still have me at hello.

(Thanks to Burbed reader Tracey for this find!)

Let’s start the New Year strong! Happy 2008 everyone!

Single Family Home - 726 Niantic Ave, Daly City, CA, 94014 - Realtor.com
$435,000

726 Niantic Ave
Daly City, CA 94014
MLS ID# 332746
3 Bed, 1 Bath, 1,470 Sq. Ft.

Single Family Property, Area: Original Daly City, County: San Mateo, City view, Golf course view, Hill/mountain view, Waterview, Three story

Wow… that’s certainly a unique house. According to Movoto, the Realtor notes read:

Value in the land. This is a large multi-unit lot. Daly City Planning says another home or Multi-Unit Building can be built on this property. Per Seller, Architectural plans for Multi-Units available. Property in desired location close

Close…? Oh no! A cliff hanger!

How large is this large multi-unit lot? “Approximate lot is 3175 sq ft”.

Wow… you could build the next Trump Tower Daly City right here!

The other day, a commenter named Martin posted this (edited) comment:

SFGate: Bay Area is too Expensive. Burbed:Bay Area is too Affordable [Burbed.com]
Look at this house:
http://www.movoto.com/real-estate/homes-for-sale/CA/Daly-City/1125-Hanover-St-100_728944.htm

I selected a decent house in Daly City. It costs $514,900. Other houses before this one I consider a junk.
Sorted by price from low to high. So, it’s 9th, out from 339.

[snip]

A tiny amount has a household income above 150k.

So, what can justify this kind of house pricing???!
Why it costs so much and who can afford it???!
Daly City is a dirty neighborhood with a worst weather on a peninsula.

I wouldn’t buy this house even for 100k!

Let’s look at the house he found:

Hey that looks familiar!

Why, it’s from the famous “Yellow house that had me at hello” post from back in August…

And the original post back in January:

Wow! What a wild year it’s been!

Come on Martin - this house has already been reduced 39%. Buy it! It was meant for you!

MLSlistings Property Detail for MLS number 728944

1125 HANOVER ST
Daly City, CA 94014
$639,900

This Single Family Residence has the following features:
MLS#: 728944 Approx Age: Unavailable Approx Sq Ft: 940
Detached Single Family 2 Stories Victorian
2 Bedrooms 1 Bathroom 1 Stall Shower
1 Shower over Tub 1 Tub Bonus Room

Does this house look familiar? It should - it was featured previously on this site:

Wow… a 25% price cut. Well, that doesn’t really mean anything - I hear that Daly City isn’t part of the Bay Area anymore - just like how Gilroy was recently removed.

Wait a minute… according to Zillow:

Sale History
04/20/2007:     $558,763
05/30/2006:     $815,000
04/05/2004:     $575,000

Ok… I’m super mega confused. What’s going on here?

MLSlistings Property Detail for MLS number 735821
144 HUNTINGTON DR
Daly City, CA 94015
$579,000

This Single Family Residence has the following features:
MLS#: 735821 Approx Age: 52 Years Approx Sq Ft: 1130
Detached Single Family 1 Story 3 Bedrooms
1 Bathroom 1 Shower over Tub 1 Tub
Living Rm/Dining Rm Combo Laundry Area - Garage Hardwood Floors

Dear House - you might want to ask your doctor if ointment is right for you. You’ve got some wacky peeling problems on the front. Sunburn in Daly City perhaps? Mold? Best to get that checked out. At least you’re only $579,000!

What a week it’s been! Welcome to the last day of Burbed’s Daly City Week!

First, a fact about Daly City: Median gross rent (dollars)     $1,074
And now, our final fine Daly City house for the week:

MLSlistings Property Detail for MLS number 665350
HANOVER ST
Daly City, CA 94014
$850,000

9

This Single Family Residence has the following features:
MLS#: 665350 Approx Age: Unavailable Approx Sq Ft: 2500
Detached Single Family 2 Stories Victorian
2 Bedrooms 1 Bathroom 1 Shower over Tub

Wow. What can I say about you, house. You simply had me at hello. Your fine yellow coat. The funky van out doors. These are all things that make you Bay Area special.

You go house, you go.