NOT LISTED FOR SALE

2275 Chestnut St San Francisco, CA 94123

Marina District Neighborhood

Estimated Value: $2,726,109

2 Beds
4 Baths
2,983 Sq Ft
$914/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $2,825,000 $947 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $17,789/month

20 Days on Market

About This Home

As of December 2021

Marcus & Millichap is pleased to announce the sale of an exceptional pride of ownership mixed-use property located at 2275 - 2281 Chestnut Street in the heart of the Marina District. The property is in an A+ location located mid-block on Chestnut Street between Scott Street and Pierce Street. The building consists of four units. Three of the four units are commercial tenants and the top floor is the one residential two-bedroom apartment. All Units are occupied and paying rent. There is over 50% rental upside! The property has been owned by the same family for over 70 years and has been meticulously maintained. The property is currently professionally managed. 2275 Chestnut is a rare opportunity to own a pride of ownership property in the heart of the popular Marina district.

Last Agent to Sell the Property

Sebastian Gaetani

Marcus & Millichap License #01964305 Listed on: 10/01/2021

Co-Listed By

Joe Levy

Compass Commercial License #01932439

Compass Commercial

Last Buyer's Agent

Joe Levy

Compass Commercial License #01932439

Compass Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,219

Year Built

  • Built in 1914

Lot Details

  • 1,036 Sq Ft Lot
  • Zero Lot Line

Home Design

  • Mixed Use

Interior Spaces

  • 2,983 Sq Ft Home
  • 3-Story Property

Community Details

  • 4 Units
  • 4 Leased Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 0489029A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,219

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Other
  • Subtype Description: Mixed Use
  • Levels: Three
  • Stories: 3
  • Year Built: 1914
  • Number Commercial Units: 3
  • Special Features: None

Interior Features

  • Number Of Rooms: 11
  • Price Per Square Foot: 947.03
  • Square Footage: 2983.00

Lot Info

  • Assessor Parcel Number: 0489029A
  • Lot Features: Zero Lot Line
  • Lot Size Acres: 0.0238
  • Lot Size Sq Ft: 1036.00
  • Lot Size Units: SqFt
  • Price Per Acre: 118697478.99

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Rent Multiplier: 18.84
  • Number Of2 Bedrooms Occupied: 1
  • Number of 2 Bedroom Units: 1
  • Number Of Units Leased: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Dec 23, 2021
Sold by
Swall Nancy Ann and Malatesta Administrative Trust
Bought by
Rn Sirigh Investments Llc
Seller's Agent
Sebastian Gaetani
Marcus & Millichap
Buyer's Agent
Joe Levy
Compass Commercial
List Price
$2,500,000
Sold Price
$2,825,000
Premium/Discount to List
$325,000
13%
Current Estimated Value
$2,726,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,891
Avg. Annual Appreciation
-1.53%
Original Mortgage
$1,690,000
Outstanding Balance
$1,564,094
Interest Rate
3.12%
Mortgage Type
Unknown
Estimated Equity
$1,106,065

Purchase Details

Listed on
Oct 1, 2021
Closed on
Dec 21, 2021
Sold by
Swall Nancy Ann and Attilio Malatesta
Bought by
Swall Nancy Ann and Malatesta Administrative Trust
Seller's Agent
Sebastian Gaetani
Marcus & Millichap
Buyer's Agent
Joe Levy
Compass Commercial
List Price
$2,500,000
Sold Price
$2,825,000
Premium/Discount to List
$325,000
13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,690,000
Outstanding Balance
$1,564,094
Interest Rate
3.12%
Mortgage Type
Unknown
Estimated Equity
$1,106,065

Purchase Details

Closed on
Aug 23, 2018
Sold by
Malatesta Attilio and Attilio Malatesta
Bought by
Swall Nancy Ann and Attilio Malatesta

Purchase Details

Closed on
Jun 3, 1999
Sold by
Malatesta Attilio and Malatesta Attilio
Bought by
Malatesta Attilio and Malatesta Attilio

Purchase Details

Closed on
Jun 20, 1995
Sold by
Malatesta Attilio and Malatesta Catherine
Bought by
Malatesta Attilio and Malatesta Catherine
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Rn Sirigh Investments Llc $2,825,000 Old Republic Title Company
Swall Nancy Ann -- Old Republic Title Company
Swall Nancy Ann -- None Available
Malatesta Attilio -- --
Malatesta Attilio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rm Singh Investments Llc $300,000
Open Rn Sirigh Investments Llc $1,690,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $2,825,000 +13.0% $947 / Sq Ft
10/21/2021 10/21/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $2,500,000 -- $838 / 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 $35,219 $2,997,911 $2,098,538 $899,373
2024 $35,219 $2,939,130 $2,057,391 $881,739
2023 $34,701 $2,881,500 $2,017,050 $864,450
2022 $2,910 $184,563 $114,930 $69,633
2021 $2,853 $180,945 $112,677 $68,268
2020 $2,886 $179,090 $111,522 $67,568
2019 $2,793 $175,580 $109,336 $66,244
2018 $2,700 $172,139 $107,193 $64,946
2017 $2,370 $168,765 $105,092 $63,673
2016 $2,303 $165,457 $103,032 $62,425
2015 $2,273 $162,973 $101,485 $61,488
2014 $2,215 $159,782 $99,498 $60,284
Source: Public Records

Agents Affiliated with this Home

  • Sebastian Gaetani

    Seller's Agent in 2021

    Sebastian Gaetani

    Marcus & Millichap

    (415) 250-3831

    1 in this area

    37 Total Sales

    Sebastian Gaetani
    Section Image
  • Joe Levy

    Seller Co-Listing Agent in 2021

    Joe Levy

    Compass Commercial

    (415) 990-1051

    1 in this area

    16 Total Sales

    Joe Levy
    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 421600000

San Francisco Association of REALTORS® MLS

APN: 0489-029A

California San Francisco County San Francisco 94123 Marina District

2275 Chestnut St, San Francisco, CA

This home is located at 2275 Chestnut St, San Francisco, CA 94123 since 01 October 2021 and is currently estimated at $2,726,109, approximately $913 per square foot. This property was built in 1914. 2275 Chestnut St is a home located in San Francisco County with nearby schools including Sherman Elementary, Marina Middle School, and Saint Vincent De Paul.

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.

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