$2,100,000
SOLD AUG 26, 2022
8 Beds
4 Baths
4,200 Sq Ft
3,001 Sq Ft Lot

Recently Sold

$500 Per Sq Ft

12% Below List Price

27 Days on Market

About This Home

As of August 2022

An opportunity awaits for you at this wonderful fourplex in the heart of Inner Richmond. Out of the four units two are occupied with lovely tenants on month to month, and the other two are vacant, either to be rented out at full market rate or moved into. Each unit provides a spacious 2 bedrooms 1 bathroom floorplan to accommodate day to day living. You are seconds away from Clements street with an abundance of cuisines to expand your palette. In addition, to the north and south of you within blocks are Lone Mountain Park & Golden Gate Park. Whether offsetting the mortgage or a 1031 exchange opportunity, 278 7th Ave is an excellent investment with surrounding accommodations in its nearby location.

Last Agent to Sell the Property

Jerry Rice

Compass License #02026420 Listed on: 06/17/2022

Compass

Co-Listed By

Devony Lea

Compass License #02134252

Last Buyer's Agent

Dita Sajid

Coldwell Banker Realty License #01899940

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 3,001 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,200 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Listing and Financial Details

  • Total Actual Rent $68,580

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $14,400
  • Manager Expense $6,000
  • Utility Expense $5,868
  • Operating Expense $26,268
  • Gross Income $68,580

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Parking

3

Listing Details

  • Zoning: RM1
  • Subclass: Fourplex
  • Age: 44
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Living Sq Ft: 4200
  • Stories: 3
  • Laundry: Hookups Only

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage

Schools

  • School District: San Francisco Unified

Lot Info

  • Lot Acres: 0.0689
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 35.00
  • Number Of Leased: 2

Multi Family

  • Expense Insurance: 14400
  • Expense Management: 6000
  • Expenses Total: 26268
  • Expenses Utility: 5868
  • Income Annual Gross: 68580.00
  • Income Annual Rental: 68580
  • Income Gross Scheduled: 68580
  • Meters: Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Utilities - Water

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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
06/15/2025 06/15/25 For Sale $2,400,000 +14.3% $571 / Sq Ft
08/26/2022 08/26/22 Sold $2,100,000 -12.5% $500 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $2,399,999 -- $571 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81886854

MLSListings

APN: 1427-021