116 San Felipe Avenue, San Bruno, California 94066, San Bruno, 94066 - bed, bath

116 San Felipe Avenue, San Bruno, California 94066 home-pic-0
ACTIVE$1,499,000
116 San Felipe Avenue, San Bruno, California 94066
0Bed
0Bath
3,540Sqft
7,112Lot
Year Built
1930
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015456
Home ConditionPoor
Features
Deck
Patio
View-

About this home

We found 3 Cons,6 Pros.

Rarely available, two buildings on one lot cash cow. Front building has nine individually rented rooms with common kitchen & baths. Rear, free standing charming cottage has fenced yards and parking. Front house is two stories with common kitchen upstairs, nine month to month rented rooms, two full and one quarter common baths, and a small common food prep area on first floor. Rear House is charming with two bedrooms, living room, cheerful kitchen, and a two large private storage areas down and a private laundry area. Long time family owned, it is perfect for a hands on property manager to maximize rental income; a person who lives in the rear house and rents the front; an organization that needs individual room flexibility, or a buyer that can envision future possibilities with its large lot. It is within mere feet of El Camino Real with north/south bus stops on the corners, Please do not disturb tenants. A unique, rare opportunity!

Nearby schools

4/10
Lomita Park Elementary School
Public,K-50.5mi
6/10
Taylor Middle School
Public,6-81.5mi
9/10
Mills High School
Public,9-122.0mi

Price History

Date
Event
Price
08/11/25
Listing
$1,499,000
Condition Rating
Poor

Built in 1930 and 'long time family owned' with a focus on rental income, the property exhibits significant deferred maintenance on its exterior, including peeling paint and worn siding. The lack of interior photos, combined with the age, strongly suggests that kitchens, bathrooms, and major systems are severely outdated and require substantial repairs and rehabilitation to meet current standards and comfort levels. The property is functional for tenants but needs significant capital expenditure for modernization.
Pros & Cons

Pros

Great Schools: High School: Mills High School (9/10).
High Income-Generating Potential: Explicitly described as a 'cash cow' with nine individually rented rooms and a separate charming cottage, offering substantial and diversified rental income streams.
Flexible Multi-Unit Configuration: Features two distinct buildings on one lot, providing versatility for owner-occupancy with rental income, full investment, or specialized organizational use.
Excellent Public Transit Accessibility: Strategically located 'mere feet from El Camino Real with north/south bus stops,' ensuring convenient access to public transportation for tenants.
Significant Lot Size for Future Potential: A generous 7,112 sqft lot offers potential for future expansion, landscaping improvements, or even redevelopment, enhancing long-term value.
Rare & Unique Investment Opportunity: Positioned as a 'rarely available' and 'unique' offering, appealing to investors seeking a distinctive, high-yield property with diverse operational possibilities.

Cons

Intensive Property Management Required: The front building's nine-room rental model with common facilities necessitates active, hands-on management, potentially leading to higher operational demands and tenant-related issues.
Potential for Deferred Maintenance & Outdated Systems: Built in 1930 and 'long time family owned,' the property likely requires significant capital expenditure for updates, repairs, and modernization of systems and finishes.
Challenges of Rooming House Model: The individual room rental setup, while profitable, can introduce complexities in tenant relations, common area maintenance, and adherence to specific housing regulations for shared living spaces.

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