NOT LISTED FOR SALE

Estimated Value: $1,495,000 - $1,735,579

7 Beds
3 Baths
2,670 Sq Ft
$605/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $1,600,000 $599 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,446/month

48 Days on Market

About This Home

As of August 2023

1224-1226 11th Avenue is a multi-family home in the Inner Sunset District, located just half a block from the historic Irving Street. Irving Street is the main retail corridor in the Sunset District which offers many popular restaurants, coffee/boba tea shops, bars, and retail stores. Golden Gate Park and the multiple museums within the park are also just a few minutes away. 1224-1226 11th Avenue is a 2,670 square foot building (Tax Records) on a 3,000 square foot lot (Tax Records). This building has 1 three-room one bath unit on the ground floor and 2 two-bedroom one-bath units on the upper floors. The subject property's APN is 1740-041 and zoning is Residential House (RH-2). The subject property presents a phenomenal investment opportunity for investors to acquire a multi-family home in the celebrated Inner Sunset District.

Last Agent to Sell the Property

Ning Ho

Marcus & Millichap License #01943903 Listed on: 06/23/2023

Last Buyer's Agent

Ning Ho

Marcus & Millichap License #01943903 Listed on: 06/23/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,749

Year Built

  • Built in 1904

Lot Details

  • 3,000 Sq Ft Lot
  • Irregular Lot

Interior Spaces

  • 2,670 Sq Ft Home
  • 3-Story Property

Listing and Financial Details

  • Assessor Parcel Number 1740-041

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,749

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Other
  • Subtype Description: Apartments
  • Property Condition: Original
  • Levels: Three
  • Year Built: 1904
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 10
  • Price Per Square Foot: 599.25
  • Square Footage: 2670.00

Lot Info

  • Assessor Parcel Number: 1740-041
  • Lot Features: Shape Irregular
  • Lot Size Acres: 0.0689
  • Lot Size Sq Ft: 3000.00
  • Lot Size Units: SqFt
  • Price Per Acre: 23222060.96

Building Info

  • Number of Units Total: 3

Rental Info

  • Units Furnished: Varies By Unit

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 12.60
  • Number Of2 Bedrooms Occupied: 2
  • Number of 2 Bedroom Units: 2
  • Number of 3 Bedroom Units: 1
  • Number Of Units Leased: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2024
Sold by
Zheng Lanfang
Bought by
Zheng Lanfang and Kao Coleman
Current Estimated Value
$1,615,145

Purchase Details

Closed on
Jan 2, 2024
Sold by
Coleman Kao
Bought by
Zheng Lanfang

Purchase Details

Listed on
Jun 23, 2023
Closed on
Aug 30, 2023
Sold by
Quan/Yong Family Trust
Bought by
Zhou Yuan
Seller's Agent
Ning Ho
Marcus & Millichap
Buyer's Agent
Ning Ho
Marcus & Millichap
List Price
$1,700,000
Sold Price
$1,600,000
Premium/Discount to List
-$100,000
-5.88%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.83%
Original Mortgage
$1,280,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2004
Sold by
Quan Steve and Quan Yong Emily
Bought by
Quan Steve and Quan Yong Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2004
Sold by
Quan Steve
Bought by
Quan Steve and Quan Yong Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2001
Sold by
Steve Yong and Steve Quan
Bought by
Quan Steve and Quan Yong Emily

Purchase Details

Closed on
Jan 5, 1994
Sold by
Yong Emily
Bought by
Yong Emily and Quan Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
7.16%
Mortgage Type
Commercial
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
Zheng Lanfang -- None Listed On Document
Zheng Lanfang -- None Listed On Document
Zheng Lanfang -- None Listed On Document
Zhou Yuan $1,600,000 Wfg National Title
Quan Steve -- North American Title Company
Quan Steve -- North American Title Company
Quan Steve -- --
Yong Emily -- Commonwealth Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Zhang Dongyang $0
Previous Owner Zhou Yuan $1,280,000
Previous Owner Quan Steve $117,000
Previous Owner Yong Emily $229,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $1,600,000 +1.6% $599 / Sq Ft
08/01/2023 08/01/23 Price Changed $1,575,000 -7.4% $590 / Sq Ft
06/23/2023 06/23/23 For Sale $1,700,000 -- $637 / 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 $19,749 $1,632,155 $1,142,400 $489,600
2024 $19,749 $1,600,198 $1,120,000 $480,000
2023 $6,573 $482,939 $210,162 $272,539
2022 $6,423 $473,490 $206,042 $267,196
2021 $6,308 $464,320 $202,002 $262,318
2020 $6,457 $459,954 $199,931 $260,023
2019 $6,246 $450,951 $196,011 $254,940
2018 $6,034 $442,125 $192,168 $249,957
2017 $5,430 $413,196 $188,400 $224,796
2016 $5,313 $405,109 $184,706 $220,403
2015 $4,893 $369,487 $181,932 $187,555
2014 $4,768 $362,265 $178,369 $183,896
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 423751811

San Francisco Association of REALTORS® MLS

APN: 1740-041