NOT LISTED FOR SALE

Estimated Value: $3,938,062

-- Bed
3 Baths
4,590 Sq Ft
$858/Sq Ft Est. Value

Last Sold July 03, 2019

Last sale price $4,425,000 $964 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $25,534/month

105 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • 1 Car Attached Garage
  • Cobb (William L.) Elementary School Rated A-
  • Balcony
  • ENERGY STAR Qualified Appliances

About This Home

As of July 2019

Excellent 1031 exchange property in great SF location, selling at a 5% cap rate. This 4 unit 4,590 square foot, mixed-use property is located on the busy corner of Divisadero & Bush Streets. Comprised of one ground floor commercial space leased to Dignity/GoHealth, California's largest hospital provider on a triple net basis, as well as two-2 bedroom and one studio apartments upstairs. Complete and total property renovation: $500,000 in tenant improvements in commercial unit. Seismic retrofit completed in 2018. Newly wired, separately metered 400 amp power. New modified bitumen roof. Newly renovated apartments: new wood floors, new cabinetry, new double paned windows, new kitchen appliances, new washers & dryers, new individual forced air heating, new intercom/security.

Last Agent to Sell the Property

Doug Mallach

Marcus & Millichap Commercial License #01947107 Listed on: 03/18/2019

Co-Listed By

Sanford Skeie

Marcus & Millichap License #00982336

Last Buyer's Agent

Paul Ybarbo

Sotheby's International Realty License #01337680

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $56,603

Year Built

  • Built in 1905

Lot Details

  • 2,500

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Mixed Use
  • Slab Foundation
  • Frame Construction
  • Bitumen Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,590 Sq Ft Home
  • Wood Flooring
  • Laundry in unit
  • Unfinished Basement

Kitchen

  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Parking

  • 1 Car Attached Garage
  • 1 Open Parking Space

Utilities

  • Wall Furnace
  • Separate Meters

Additional Features

  • Balcony
  • 2,500 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 1049-059

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$56,603

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments, Mixed Use
  • Architectural Style: Contemporary
  • Year Built: 1905
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Unfinished
  • Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free Standing Refrigerator, Microwave, OVFR
  • Flooring: Wood
  • Laundry Features: In Each Unit, WSHD
  • Price Per Square Foot: 964.05
  • Square Footage: 4590.00
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame, Stucco, Wood
  • Foundation: Slab
  • Patio And Porch Features: Balcony/Deck
  • Roof: Bitumen

Garage/Parking

  • Parking Features: Attached
  • Total Parking Spaces: 1.00
  • Independent Parking Spaces: 1

Utilities

  • Heating: Electric, Wall Furnace

Lot Info

  • Assessor Parcel Number: 1049-059
  • Lot Features: Shape Regular
  • Lot Size Acres: 0.0574
  • Lot Size Sq Ft: 2500.00
  • Lot Size Units: SqFt
  • Price Per Acre: 77090592.33
  • Zoning: NC2

Rental Info

  • Lease Term: SCDP,WRTA,YRLS
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Rent Multiplier: 14.79
  • Separate Meters: Electricity, Gas, Water

MLS Schools

  • School District County: San Francisco

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
Jul 1, 2019
Sold by
Broadway Properties Llc
Bought by
Sun Peter P and Sun Mindy Lin
Seller's Agent
Doug Mallach
Marcus & Millichap Commercial
Buyer's Agent
Paul Ybarbo
Sotheby's International Realty
List Price
$4,425,000
Sold Price
$4,425,000
Current Estimated Value
$3,938,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$486,938
Avg. Annual Appreciation
-1.83%

Purchase Details

Listed on
Dec 7, 2012
Closed on
Dec 18, 2012
Sold by
Yeung Sonia
Bought by
Broadway Properties Llc
Seller's Agent
John Antonini
Compass Commercial
Buyer's Agent
Sanford Skeie
Marcus & Millichap
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.02%

Purchase Details

Closed on
Mar 23, 2006
Sold by
Ten Peaks Llc
Bought by
Yeung Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 2006
Sold by
Pau John C
Bought by
Yeung Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2004
Sold by
Kong Paul H and Kong Linda
Bought by
Ten Peaks Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1998
Sold by
Amresco Financial I Lp
Bought by
Kong Paul H and Kong Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 1998
Sold by
Woong Chung Soo and Son Sun
Bought by
Amresco Financial I Lp
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
Sun Peter P $4,425,000 First American Title Company
Broadway Properties Llc $1,500,000 Old Republic Title Company
Yeung Sonia $1,328,000 Old Republic Title Company
Yeung Sonia -- Old Republic Title Company
Ten Peaks Llc $889,000 Fidelity National Title Co
Kong Paul H $592,500 First American Title Guarant
Amresco Financial I Lp $447,100 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yeung Sonia $700,000
Previous Owner Ten Peaks Llc $275,000
Previous Owner Kong Paul H $386,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/03/2019 07/03/19 Sold $4,425,000 0.0% $964 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $4,425,000 +195.0% $964 / Sq Ft
12/21/2012 12/21/12 Sold $1,500,000 0.0% $327 / Sq Ft View Prior Sale
12/17/2012 12/17/12 Pending -- -- --
12/07/2012 12/07/12 For Sale $1,500,000 -- $327 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $56,603 $4,839,380 $2,661,659 $2,177,721
2024 $56,603 $4,744,491 $2,609,470 $2,135,021
2023 $55,687 $4,651,462 $2,558,304 $2,093,158
2022 $54,656 $4,560,258 $2,508,142 $2,052,116
2021 $53,705 $4,470,842 $2,458,963 $2,011,879
2020 $53,996 $4,425,000 $2,433,750 $1,991,250
2019 $21,279 $1,723,174 $1,076,306 $646,868
2018 $20,489 $1,683,387 $1,055,202 $628,185
2017 $19,244 $1,591,557 $1,034,512 $557,045
2016 $18,936 $1,560,351 $1,014,228 $546,123
2015 $18,699 $1,536,914 $998,994 $537,920
2014 $17,899 $1,480,444 $888,267 $592,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 482444

San Francisco Association of REALTORS®

APN: 1049-059