NOT LISTED FOR SALE

Estimated Value: $2,151,982

4 Beds
4 Baths
5,211 Sq Ft
$413/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $2,300,000 $441 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $14,055/month

99 Days on Market

About This Home

As of February 2022

1769 Fulton Street is a 4 unit, mixed use building located steps from the University of San Francisco Campus and across the street from the Fulton Street Market (free parking beneath) in the North Panhandle (NoPa).The property consists of two retail spaces (currently used as one retaurant) a 2-bedroom unit & 1-bedroom on the second floor. The restaurant (Jannah) has operated at this location since 2009 is currently on a month-to-month lease. The tenant is paying well below market rent. There is an 800 foot outdoor patio in the rear of the restaurant space. The apartments consist of hardwood floors, remodelled kitchens and bathrooms and spacious living areas. They are well appointed throughout with new appliances, modern gas ranges and track lighting. Each unit has a seperate hot water heater which the tenants pay for and the proeprty is seperately metered for gas and electric service. Huge upside deal.

Last Agent to Sell the Property

Clinton Textor

Marcus & Millichap License #01318639 Listed on: 10/07/2021

Co-Listed By

Sanford Skeie

Marcus & Millichap License #00982336

Last Buyer's Agent

Zhi Yuan Zhu

Real Brokerage Technologies License #02112738

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,035

Year Built

  • Built in 1924

Lot Details

  • 3,867 Sq Ft Lot
  • Irregular Lot

Home Design

  • Mixed Use
  • Tar and Gravel Roof

Interior Spaces

  • 5,211 Sq Ft Home
  • 2-Story Property
  • Bay Window

Utilities

  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1186018B

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,035

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Other
  • Subtype Description: Mixed Use
  • Levels: Two
  • Stories: 2
  • Year Built: 1924
  • Number Commercial Units: 2
  • Special Features: None

Interior Features

  • Number Of Rooms: 9
  • Price Per Square Foot: 441.37
  • Square Footage: 5211.00
  • Window Features: Bay Window(s)

Exterior Features

  • Roof: Tar/Gravel

Lot Info

  • Assessor Parcel Number: 1186018B
  • Lot Features: Shape Irregular
  • Lot Size Acres: 0.0888
  • Lot Size Sq Ft: 3867.00
  • Lot Size Units: SqFt
  • Price Per Acre: 25900900.90
  • Zoning: NC1

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas
  • Number Of Units Month To Month: 2
  • Units Furnished: None

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Rent Multiplier: 20.19
  • Number Of2 Bedrooms Occupied: 2
  • Number of 2 Bedroom Units: 2
  • Number Of Units Leased: 4
  • Separate Meters: Electricity, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2024
Sold by
Andina Property Llc
Bought by
1769 Fulton Llc
Current Estimated Value
$2,151,982

Purchase Details

Listed on
Oct 7, 2021
Closed on
Jan 26, 2022
Sold by
Karaoke Yaya Lp
Bought by
Andina Property Llc
Seller's Agent
Clinton Textor
Marcus & Millichap
Buyer's Agent
Zhi Yuan Zhu
Real Brokerage Technologies
List Price
$2,495,000
Sold Price
$2,300,000
Premium/Discount to List
-$195,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.85%
Original Mortgage
$1,725,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2015
Sold by
Salma Karim A and Salma Roberta O
Bought by
Karaoke Yaya Lp

Purchase Details

Closed on
Oct 13, 2000
Sold by
Crouere Leon J Simpkins Sonyong Y
Bought by
Salma Karim A and Salma Roberta O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage
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
1769 Fulton Llc -- None Listed On Document
Andina Property Llc $2,300,000 Fidelity National Title
Karaoke Yaya Lp -- None Available
Karaoke Yaya Llc -- None Available
Salma Karim A $750,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1769 Fulton Llc $950,000
Previous Owner Andina Property Llc $200,000
Previous Owner Andina Property Llc $1,725,000
Previous Owner Salma Karim A $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $2,300,000 -7.8% $441 / Sq Ft
01/03/2022 01/03/22 For Sale $2,495,000 +8.5% $479 / Sq Ft
12/31/2021 12/31/21 Off Market $2,300,000 -- --
10/07/2021 10/07/21 For Sale $2,495,000 -- $479 / 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 $29,035 $2,440,778 $1,464,467 $976,311
2024 $29,035 $2,392,920 $1,435,752 $957,168
2023 $28,515 $2,346,000 $1,407,600 $938,400
2022 $13,400 $1,064,936 $532,468 $532,468
2021 $13,164 $1,044,056 $522,028 $522,028
2020 $13,278 $1,033,352 $516,676 $516,676
2019 $12,880 $1,013,092 $506,546 $506,546
2018 $12,444 $993,228 $496,614 $496,614
2017 $12,001 $973,754 $486,877 $486,877
2016 $11,793 $954,662 $477,331 $477,331
2015 $11,644 $940,324 $470,162 $470,162
2014 $11,340 $921,906 $460,953 $460,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 421601221

San Francisco Association of REALTORS® MLS

APN: 1186-018B