$3,600,000
SOLD AUG 11, 2016
-- Bed
-- Bath
8,660 Sq Ft
3,120 Sq Ft Lot

Recently Sold

$416 Per Sq Ft

12 Days on Market

Highlights

  • Wood Siding
  • 3-minute walk to Mason And Green
  • 4-minute walk to Woh Hei Yuen Park
  • Yick Wo Elementary School Rated A

About This Home

As of May 2023

Colliers International is pleased to present 1500 Powell Street/790 Vallejo Street, SF, CA for purchase. This asset is located on corner of Powell & Vallejo Street in colorful & vibrant North Beach. Building consists of 27 SRO's (9 vac @ COE) & 2 Commercial Units. Located just north of Nob Hill & Downtown & near Chinatown & Fisherman's Wharf. North Beach is a popular tourist destination, but is equally favored by locals who appreciate its dining, lively nightlife & diverse charm. Bus lines on nearby Stockton Street, Columbus Avenue and Union Street provide easy access to various parts of the City. This is a unique opportunity for investors to acquire a mixed-use asset with tremendous income upside potential in a great location.

Last Agent to Sell the Property

Brian Leung

Compass Commercial License #01203473 Listed on: 05/06/2016

Compass Commercial

Co-Listed By

Bradley Lagomarsino

Colliers International License #01058500

Last Buyer's Agent

Brian Leung

Compass Commercial License #01203473 Listed on: 05/06/2016

Compass Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,996

Year Built

  • Built in 1907

Lot Details

  • 3,120 Sq Ft Lot

Home Design

  • Mixed Use
  • Brick Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Wood Siding

Interior Spaces

  • 8,660 Sq Ft Home
  • Basement Fills Entire Space Under The House

Community Details

  • 29 Units
  • 9 Vacant Units

Listing and Financial Details

  • Assessor Parcel Number 0130022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,996

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Mixed Use
  • Year Built: 1907
  • Number Commercial Units: 2
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Full, Storage Area
  • Number Of Rooms: 33
  • Price Per Square Foot: 415.70
  • Square Footage: 8660.00

Exterior Features

  • Construction Materials: Frame, Wood, Wood Siding
  • Foundation: Brick/Mortar
  • Roof: Tar/Gravel

Schools

  • School District: San Francisco

Lot Info

  • Assessor Parcel Number: 0130022
  • Lot Size Acres: 0.0716
  • Lot Size Sq Ft: 3120.00
  • Lot Size Units: SqFt
  • Price Per Acre: 50279329.61
  • Zoning: NBEACH

Rental Info

  • Lease Term: Month To Month

Building Info

  • Number of Units Total: 29

Multi Family

  • Number Of Units Vacant: 9
  • Gross Rent Multiplier: 11.31
  • Number of Studio Units: 27
  • Studio Rent Range: $252.52-$1200

MLS Schools

  • School District County: San Francisco

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
May 11, 2023
Sold by
1500 Powell Street Llc
Bought by
Vallejo Powell Sro Llc
Seller's Agent
Jeff Appenrodt
Laurel Realty & Investment
Buyer's Agent
Jeff Appenrodt
Laurel Realty & Investment
List Price
$2,995,000
Sold Price
$2,400,000
Premium/Discount to List
-$595,000
-19.87%
Views
133
Current Estimated Value
$4,201,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,801,573
Avg. Annual Appreciation
29.44%

Purchase Details

Listed on
May 6, 2016
Closed on
Jun 20, 2016
Sold by
Yee Paul and Yee Leslie
Bought by
1500 Powell Street Llc
Seller's Agent
Brian Leung
Compass Commercial
Buyer's Agent
Brian Leung
Compass Commercial
List Price
$3,600,000
Sold Price
$3,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.80%
Original Mortgage
$3,364,000
Interest Rate
3.48%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 10, 2016
Sold by
Yee Leslie and Frank Yuen Yee & May Yee Trust
Bought by
Yee Paul and Yee Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,364,000
Interest Rate
3.48%
Mortgage Type
Construction

Purchase Details

Closed on
May 4, 1995
Sold by
Yee Frank Yuen and Yee Soo Hoo May
Bought by
Yee Frank Yuen and Yee May
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,400,000 Chicago Title
Grant Deed $3,600,000 Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $1,975,000 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $2,385,000 Unknown
Previous Owner $250,000 Commercial
Previous Owner $525,000 Commercial
Previous Owner $3,364,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $2,400,000 -7.5% $277 / Sq Ft
02/10/2023 02/10/23 Price Changed $2,595,000 -3.7% $300 / Sq Ft
02/07/2023 02/07/23 Price Changed $2,695,000 -2.0% $311 / Sq Ft
02/03/2023 02/03/23 Price Changed $2,750,000 -8.2% $318 / Sq Ft
01/19/2023 01/19/23 For Sale $2,995,000 -16.8% $346 / Sq Ft
08/11/2016 08/11/16 Sold $3,600,000 0.0% $416 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $3,600,000 -- $416 / 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 $29,996 $2,497,460 $1,498,176 $998,784
2024 $29,996 $2,448,000 $1,468,800 $979,200
2023 $50,361 $4,015,865 $2,409,520 $1,606,345
2022 $47,436 $3,937,124 $2,362,275 $1,574,849
2021 $58,883 $3,859,926 $2,315,956 $1,543,970
2020 $47,457 $3,820,348 $2,292,209 $1,528,139
2019 $45,859 $3,746,040 $2,247,264 $1,498,776
2018 $44,274 $3,672,600 $2,203,200 $1,469,400
2017 $43,465 $3,600,600 $2,160,000 $1,440,600
2016 $3,965 $238,854 $130,543 $108,311
2015 $3,883 $235,277 $128,583 $106,694
2014 $3,789 $230,681 $126,065 $104,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 445371

San Francisco Association of REALTORS® MLS

APN: 0130-022