$4,950,000
SOLD DEC 5, 2024
10 Beds
-- Bath
10,890 Sq Ft
4,813 Sq Ft Lot

Recently Sold

$455 Per Sq Ft

7% Below List Price

14 Days on Market

Highlights

  • 0.11 Acre Lot
  • 1-minute walk to Jackson And Hyde
  • 2-minute walk to Washington-Hyde Mini Park
  • Marina Middle School Rated A-
  • 7 Car Garage

About This Home

As of December 2024

1371 Jackson Street is a 15 unit apartment building in the heart of Nob Hill. This well-maintained asset consists of 5 Studios, 7 One-Bedrooms, and 3 Junior One-Bedrooms. The units have hardwood floors, updated kitchens, and abundant natural light. Some units have GG Bridge views. The owner has converted three of the Studios to Junior One-Bedroom, which may be possible with the remaining five studios, providing additional upside potential. Some of the units have been leased as furnished rentals over the years, currently four are leased in this manner, which has helped keep the rents at or near market rate. There is a garage that can accommodate around 7 cars. The units are separately metered for gas and electricity. Heat is supplied by a steam boiler. There is coin operated laundry for the tenant's convenience. The building has undergone a soft-story seismic upgrade. It is also compliant with the sleep alarm ordinance. The main electrical panel indicates 600 amps of power. This is an excellent opportunity to purchase a turn-key asset in the heart of Nob Hill.

Last Agent to Sell the Property

Adam Filly

Compass Commercial License #01354775 Listed on: 10/18/2024

Compass Commercial

Last Buyer's Agent

Adam Filly

Compass Commercial License #01354775 Listed on: 10/18/2024

Compass Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,813 Sq Ft Lot

Parking

  • 7 Car Garage

Home Design

  • 10,890 Sq Ft Home

Community Details

  • 15 Units
  • 15 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 0187-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Year Built: 1929
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 36
  • Price Per Square Foot: 454.55
  • Square Footage: 10890.00

Garage/Parking

  • Garage Spaces: 7.00
  • Parking Features: Garage
  • Total Parking Spaces: 7.00
  • Covered Parking Spaces: 7.00
  • Independent Parking Spaces: 7

Fee Information

  • Utilities Expenses: 41419

Lot Info

  • Assessor Parcel Number: 0187-027
  • Lot Features: None
  • Lot Size Acres: 0.1105
  • Lot Size Sq Ft: 4813.00
  • Lot Size Units: SqFt
  • Price Per Acre: 44796380.09

Building Info

  • Number of Units Total: 15

Rental Info

  • Units Furnished: Varies By Unit

Multi Family

  • Gross Rent Multiplier: 10.84
  • Number Of1 Bedrooms Occupied: 10
  • Number of 1 Bedroom Units: 10
  • Number of Studio Units: 5
  • Number Of Units Leased: 15
  • Number Studios Occupied: 5

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $4,950,000 -6.6% $455 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $5,300,000 -- $487 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424074798

San Francisco Association of REALTORS® MLS