NOT LISTED FOR SALE
4 Beds
-- Bath
3,244 Sq Ft
2,848 Sq Ft Lot

Last Sold April 22, 2021

Last sale price $1,768,000 $545 Per Sq Ft

10 Days on Market

Highlights

  • Downtown View
  • 2-minute walk to Church And 20Th Street
  • Balcony
  • Harvey Milk Civil Rights Academy Rated A
  • Fenced Yard
  • 3-minute walk to Mission Dolores Park

About This Home

As of April 2021

Set in an idyllic location a stone's throw from Dolores Park, 261-263 Cumberland is a great opportunity in a coveted neighborhood to earn solid income. With three of the four units rented, 261-263 Cumberland comprises four 1-bedroom Romeo-style units with coved ceilings, decorative fireplaces, wood floors and a vintage feel over a large basement space that runs the length of the building. Views of the cityscape can be found on the top unit back decks and front rooms. The lovely rear garden, accessible from all 4 units via back stairs, is a gardener's delight. Annual expenses are low, <$8,000 excl taxes in 2019, and gross estimated rents total $103,200. The draw of Cumberland's fabulous location, within walking distance to the Castro and to Valencia St, cannot be overstated. Must see!

Last Agent to Sell the Property

Suhl Chin

Corcoran Icon Properties License #01179927 Listed on: 03/11/2021

Corcoran Icon Properties

Co-Listed By

James Romeo Holloway

Corcoran Global Living License #00892533

Last Buyer's Agent

Mary De Vries

Abacus Real Estate License #01871083

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,848 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Quadruplex
  • Flat Roof Shape

Interior Spaces

  • 3,244 Sq Ft Home
  • 3-Story Property
  • Downtown Views
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony

Utilities

  • Central Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 3600036

Community Details

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month

Additional Features

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Property Condition: Varies By Unit
  • Levels: Three
  • Stories: 3
  • Year Built Details: Unknown
  • Special Features: None

Interior Features

  • Basement: Full, Storage Area
  • Flooring: Varies By Unit
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 545.01
  • Square Footage: 3244.00

Exterior Features

  • Exterior Features: Fenced Yard
  • Patio And Porch Features: Balcony/Deck
  • Roof: Flat
  • View: City, Downtown

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: City
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 3600036
  • Lot Features: Garden, Landscape Back
  • Lot Size Acres: 0.0654
  • Lot Size Sq Ft: 2848.00
  • Lot Size Units: SqFt
  • Price Per Acre: 27033639.14

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Electricity, Gas
  • Number Of Units Month To Month: 1
  • Units Furnished: None

Building Info

  • Number of Units Total: 4

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 17.13
  • Number Of1 Bedrooms Occupied: 3
  • Number Of Units Leased: 3
  • Separate Meters: Electricity, Gas
  • Total Number Leasable: 4

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 List to Sale Price per Sq Ft
04/22/2021 04/22/21 Sold $1,768,000 -11.4% $545 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $1,995,000 -- $615 / Sq Ft
Source: San Francisco Association of REALTORS®

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 Number: 421526222

San Francisco Association of REALTORS®