NOT LISTED FOR SALE

1501 California St San Francisco, CA 94109

Downtown Neighborhood

Estimated Value: $5,244,396

-- Bed
42 Baths
9,800 Sq Ft
$535/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $6,200,000 $633 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $35,003/month

380 Days on Market

About This Home

As of July 2021

The property is located at 1501-1515 California at Larkin Street. It consists of 39 rooms over 3 Ground floor retail units. This offering is COPA compliant. This is an excellent opportunity for an owner user to acquire a fully renovated and mostly vacant SRO Residential licensed property. Potential users include corporate housing for a local company or an investor with a master lease for operating the units for a group housing use. The Dorel Hotel is a Single Residence Occupancy Hotel with Residential licensed rooms. The Certificate of Use indicates 36 Residential units. The RRR indicates One Family Dwelling & 36 guest rooms. The Annual Unit Usage Report indicates 39 Rooms. See thedorelsf.com for detailed marketing now in place for the residential units. All of the residential units are small (average 160 square feet), with an open living area and private bathroom (sink, shower and toilet) in each unit. The rooms are partially furnished, with a sofa, Murphy bed, mini-frig.

Last Agent to Sell the Property

Terrence Jones

Compass License #01343939 Listed on: 06/09/2020

Compass

Co-Listed By

Isabelle Salvadori

Compass License #01506910

Last Buyer's Agent

Terrence Jones

Compass License #01343939 Listed on: 06/09/2020

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $84,728

Year Built

  • Built in 1907

Lot Details

  • 2,696 Sq Ft Lot

Home Design

  • 9,800 Sq Ft Home
  • Mixed Use

Listing and Financial Details

  • Assessor Parcel Number 0645001

Community Details

Overview

  • 42 Units

Building Details

  • 2 Leased Units
  • 34 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$84,728

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: 3
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 39
  • Price Per Square Foot: 632.65
  • Square Footage: 9800.00

Schools

  • School District: San Francisco

Lot Info

  • Assessor Parcel Number: 0645001
  • Lot Features: None
  • Lot Size Acres: 0.0619
  • Lot Size Sq Ft: 2696.00
  • Lot Size Units: SqFt
  • Price Per Acre: 100161550.89

Building Info

  • Number of Units Total: 42

Rental Info

  • Units Furnished: All Units

Multi Family

  • Number Of Units Vacant: 34
  • Gross Rent Multiplier: 7.78
  • Number of Studio Units: 39
  • Number Of Units Leased: 2

MLS Schools

  • School District County: San Francisco

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Jul 22, 2021
Sold by
1515 California Street Associates Llc
Bought by
Cal Lark Llc
Seller's Agent
Terrence Jones
Compass
Buyer's Agent
Terrence Jones
Compass
List Price
$7,000,000
Sold Price
$6,200,000
Premium/Discount to List
-$800,000
-11.43%
Current Estimated Value
$5,244,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$955,604
Avg. Annual Appreciation
-3.85%
Original Mortgage
$825,000
Outstanding Balance
$752,457
Interest Rate
2.96%
Estimated Equity
$4,515,424
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
Cal Lark Llc -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cal Lark Llc $825,000
Open Cal Lark Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2021 07/24/21 Off Market $6,200,000 -- --
07/23/2021 07/23/21 Sold $6,200,000 0.0% $633 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/23/2021 06/23/21 Off Market $6,200,000 -- --
04/19/2021 04/19/21 For Sale $7,000,000 +12.9% $714 / Sq Ft
04/17/2021 04/17/21 Off Market $6,200,000 -- --
01/28/2021 01/28/21 Pending -- -- --
01/21/2021 01/21/21 Price Changed $7,000,000 -3.4% $714 / Sq Ft
06/09/2020 06/09/20 For Sale $7,250,000 -- $740 / 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 $84,728 $6,579,488 $3,947,693 $2,631,795
2024 $84,728 $6,450,480 $3,870,288 $2,580,192
2023 $83,215 $6,334,000 $3,794,400 $2,529,600
Source: Public Records

Agents Affiliated with this Home

  • Terrence Jones

    Seller's Agent in 2021

    Terrence Jones

    Compass

    (415) 423-2121

    1 in this area

    12 Total Sales

    Terrence Jones
    Section Image

  • I

    Seller Co-Listing Agent in 2021

    Isabelle Salvadori

    Compass

    (415) 596-0659

    1 in this area

    11 Total Sales

    Isabelle Salvadori
    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 499529

San Francisco Association of REALTORS® MLS

APN: 0645-001

California San Francisco County San Francisco 94109 Downtown

1501 California St, San Francisco, CA

This home is located at 1501 California St, San Francisco, CA 94109 since 09 June 2020 and is currently estimated at $5,244,396, approximately $535 per square foot. This property was built in 1907. 1501 California St is a home located in San Francisco County with nearby schools including Redding Elementary School, Marina Middle School, and Cathedral School for Boys.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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