$2,025,000
SOLD FEB 12, 2025
-- Bed
-- Bath
9,420 Sq Ft
4,120 Sq Ft Lot

Recently Sold

$215 Per Sq Ft

17% Below List Price

91 Days on Market

About This Home

As of February 2025

225 Jones St is a 20-Unit mixed-use Multifamily building located in the Tenderloin. It is an excellent renovation opportunity with substantial upside for investors who are motivated. It consists of 16 large studio apartments, ranging in size from +/- 350-400 square feet each. 14 of the studios are currently vacant. On the ground level, there are 4 commercial spaces, two of which are occupied by a city favorite, Yemen Kitchen and the other, by the popular Hung Phat Bakery, both are on month-to-month basis. The building is located just around the corner from the Tenderloin Police Station. There is an impressive return on investment for buyers who are ready to renovate and stabilize the asset. Market rents for the renovated studios range between $1,300-$1,400 a month while the commercial spaces command +/1 $1,700 a month. The adjacent apartment building has high occupancy and attracts many interested tenants because of its attractive price point. Our firm has recently placed 5 commercial Tenants in the Tenderloin ranging from nonprofits to small retailers. We currently represent 15+ commercial spaces in the Tenderloin and have been filling properties quickly as interest is high.

Last Agent to Sell the Property

Mark Fry

Marina Real Estate License #02068463 Listed on: 07/19/2024

Co-Listed By

Matthew C. Sheridan

Maven Commercial, Inc. License #01390209

Last Buyer's Agent

Mark Fry

Marina Real Estate License #02068463 Listed on: 07/19/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,120 Sq Ft Lot

Home Design

  • Fixer Upper
  • Mixed Use
  • Concrete Foundation

Interior Spaces

  • 9,420 Sq Ft Home
  • 3-Story Property

Listing and Financial Details

  • Assessor Parcel Number 0338-002

Community Details

Overview

  • 20 Units

Building Details

  • 2 Leased Units
  • 18 Vacant Units

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, Mixed Use
  • Property Condition: Fixer, Original
  • Levels: Three
  • Stories: 3
  • Year Built: 1925
  • Number Commercial Units: 4
  • Special Features: None

Interior Features

  • Number Of Rooms: 36
  • Price Per Square Foot: 214.97
  • Square Footage: 9420.00

Exterior Features

  • Construction Materials: Concrete
  • Foundation: Concrete

Lot Info

  • Assessor Parcel Number: 0338-002
  • Lot Features: Other
  • Lot Size Acres: 0.0946
  • Lot Size Sq Ft: 4120.00
  • Lot Size Units: SqFt
  • Price Per Acre: 21405919.66
  • Zoning: RC4

Building Info

  • Number of Units Total: 20

Rental Info

  • Units Furnished: Varies By Unit

Multi Family

  • Number Of Units Vacant: 18
  • Number of Studio Units: 16
  • Number Of Units Leased: 2

Range of Values:

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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
02/12/2025 02/12/25 Sold $2,025,000 -17.3% $215 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $2,450,000 -- $260 / 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: 424050627

San Francisco Association of REALTORS® MLS