NOT LISTED FOR SALE
7 Beds
-- Bath
7,348 Sq Ft
3,781 Sq Ft Lot

Last Sold October 25, 2022

Last sale price $2,375,000 $323 Per Sq Ft

19 Days on Market

About This Home

As of October 2022

Constructed in 1925, this excellent offering consists of 7 large 1bd apartments. Behind the classic Marina-style facade tenants enter into an attractive lobby. These oversize units boast high-ceilings, hardwood floors, and period charm. The scale of the units provides the possibility of converting these to 2bd. There is a one-car garage that is currently rented to a non-resident of the building. The owners completed the soft-story seismic retrofit in 2019. The units are separately metered for gas and electricity, and heat is supplied through wall-heaters. There is a large rear yard for tenants to enjoy. The property has been owned by the same family for many years and is professionally managed. There is 77% upside in the current rents when taking into consideration the possibility of converting to 2bd. Amazing value at only $353/square foot in one of the city's best rental locations!

Last Agent to Sell the Property

Adam Filly

Compass Commercial License #01354775 Listed on: 09/21/2022

Compass Commercial

Last Buyer's Agent

Adam Filly

Compass Commercial License #01354775 Listed on: 09/21/2022

Compass Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,781 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 7,348 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 1178-024

Community Details

Overview

  • 7 Units

Building Details

  • 6 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Year Built: 1925
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 21
  • Price Per Square Foot: 323.22
  • Square Footage: 7348.00

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 2.00
  • Covered Parking Spaces: 1.00
  • Independent Parking Spaces: 1

Fee Information

  • Utilities Expenses: 15162

Lot Info

  • Assessor Parcel Number: 1178-024
  • Lot Features: None
  • Lot Size Acres: 0.0868
  • Lot Size Sq Ft: 3781.00
  • Lot Size Units: SqFt
  • Price Per Acre: 27361751.15

Building Info

  • Number of Units Total: 7

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 14.06
  • Number Of1 Bedrooms Occupied: 6
  • Number of 1 Bedroom Units: 7
  • Number Of Units Leased: 6

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $2,375,000 -8.5% $323 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $2,595,000 0.0% $353 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
09/21/2022 09/21/22 For Sale $2,595,000 -- $353 / 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: 422696553

San Francisco Association of REALTORS® MLS