NOT LISTED FOR SALE

Estimated Value: $2,790,192

12 Beds
4 Baths
8,463 Sq Ft
$330/Sq Ft Est. Value

Last Sold July 23, 2019

Last sale price $3,125,000 $369 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $18,466/month

122 Days on Market

Highlights

  • City Lights View
  • Edwardian Architecture
  • Wood Siding
  • Harvey Milk Civil Rights Academy Rated A

About This Home

As of July 2019

Massive 5-unit mixed-use building on bustling Valencia between 22nd & 23rd. The roughly 2,897 sqft comm. space, currently used as a food processing/mfg. facility for Lucca Ravioli Co, is significantly underutilized and offers tremendous opportunity for an adaptive re-use project with a number of possible configurations and uses. Property has dual frontage on Valencia and San Jose. Above the comm. are (4) 3bd/1ba (5-room) flats with mirror image floor plans. Flats have period details, tall ceilings, ornamental fireplaces, bay windows, wainscoting, airy living rooms and feature eat-in kitchens. Each flat also features an enclosed porch with w/d hookups and additional storage. One top-floor flat was renovated prior to 2016 tenant moving in. There is an astounding 110% upside in the residential rents offering savvy investors more than one way to significantly increase cash flows as well as value.

Last Agent to Sell the Property

Jordan Geller

Jordan Geller, Broker License #01919128 Listed on: 01/29/2019

Co-Listed By

Jeffrey Williams

J.B. Williams, Broker License #01923164

Last Buyer's Agent

Jordan Geller

Jordan Geller, Broker License #01919128

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,554

Year Built

  • Built in 1890

Lot Details

  • 3,374 Sq Ft Lot

Home Design

  • Edwardian Architecture
  • Mixed Use
  • Slab Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 8,463 Sq Ft Home
  • City Lights Views

Utilities

  • Wall Furnace
  • Separate Meters

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 3635-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,554

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Mixed Use
  • Architectural Style: Edwardian
  • Year Built: 1890
  • Number Commercial Units: 1
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 369.25
  • Square Footage: 8463.00

Exterior Features

  • Construction Materials: Frame, Stucco, Wood, Other
  • Foundation: Concrete Perimeter, Slab
  • Roof: Tar/Gravel
  • View: City Lights

Utilities

  • Heating: Wall Furnace

Schools

  • School District: San Francisco

Lot Info

  • Assessor Parcel Number: 3635-002
  • Lot Size Acres: 0.0775
  • Lot Dimensions: 81678
  • Lot Size Sq Ft: 3374.00
  • Lot Size Units: SqFt
  • Price Per Acre: 40322580.65
  • Zoning: NCT

Building Info

  • Number of Units Total: 5

Multi Family

  • Gross Rent Multiplier: 12.66
  • Number of 3 Bedroom Units: 4
  • Separate Meters: Electricity, Gas

MLS Schools

  • School District County: San Francisco

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2019
Closed on
Jul 17, 2019
Sold by
Evelyn L Feno Family Limited Partnership
Bought by
Valencia Ventures Lp
Seller's Agent
Jordan Geller
Jordan Geller, Broker
Buyer's Agent
Jordan Geller
Jordan Geller, Broker
List Price
$3,125,000
Sold Price
$3,125,000
Current Estimated Value
$2,790,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$334,808
Avg. Annual Appreciation
-1.77%
Original Mortgage
$1,800,000
Outstanding Balance
$1,583,704
Interest Rate
3.82%
Mortgage Type
Construction
Estimated Equity
$1,216,444

Purchase Details

Closed on
Feb 5, 2007
Sold by
Feno Michael Anthony and Immel Cathleen Susan
Bought by
The Evelyn L Feno Family Lp

Purchase Details

Closed on
Jan 19, 2007
Sold by
Feno Michael Anthony
Bought by
Feno Michael A and Immel Cathleen Susan

Purchase Details

Closed on
Jun 27, 2002
Sold by
Feno Michael Anthony and Immel Cathleen Susan
Bought by
The Evelyn L Feno Family Ltd Prtnrshp Lp
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Valencia Ventures Lp $3,125,000 Old Republic Title Company
The Evelyn L Feno Family Lp -- None Available
Feno Michael A -- None Available
The Evelyn L Feno Family Ltd Prtnrshp Lp -- --
Feno Michael Anthony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valencia Ventures Lp $1,800,000
Previous Owner Evelyn L Feno Family Limited Partnership $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2019 07/23/19 Sold $3,125,000 0.0% $369 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $3,125,000 -- $369 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,554 $3,417,634 $2,392,346 $1,025,288
2024 $40,554 $3,350,624 $2,345,438 $1,005,186
2023 $39,827 $3,284,928 $2,299,450 $985,478
2022 $38,726 $3,220,520 $2,254,364 $966,156
2021 $38,049 $3,157,374 $2,210,162 $947,212
2020 $38,392 $3,125,000 $2,187,500 $937,500
2019 $5,052 $350,116 $160,706 $189,410
2018 $4,871 $343,252 $157,555 $185,697
2017 $4,517 $336,522 $154,466 $182,056
2016 $4,403 $329,925 $151,438 $178,487
2015 $4,336 $324,970 $149,164 $175,806
2014 $4,224 $318,606 $146,243 $172,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 480669

San Francisco Association of REALTORS® MLS

APN: 3635-002