NOT LISTED FOR SALE
Studio
-- Bath
11,800 Sq Ft
3,437 Sq Ft Lot

Last Sold December 29, 2017

Last sale price $3,996,000 $339 Per Sq Ft

105 Days on Market

Highlights

  • Edwardian Architecture
  • Tile Flooring
  • 1-minute walk to Father Arthur E. Boeddeker Park
  • Marina Middle School Rated A-
  • Heating Available

About This Home

As of December 2017

370 Ellis St is located in the Tenderloin Dist of San Francisco. Abundant transit lines pass through the neighborhood, allowing residents to get anywhere in the city due to it's core location. The asset is also located near the rapidly changing and improving Mid-Market area of San Francisco and is within walking distance to High Tech companies such as Twitter, Zinga, Yelp, Square, and many others, as well as, Union Square and the Downtown Financial Dist.The building is comprised of twenty seven (27) Studio/1 bath units. Priced at $3,996,000 (9.21 GRM, 5.92% Cap Rate & $148,000 per Unit. Once stabilized a 13.75% cash on cash return can be achieved. This property offers an investor immediate rental upside and substantial appreciation.

Last Agent to Sell the Property

James Devincenti

Colliers International License #00951916 Listed on: 08/28/2017

Co-Listed By

Bradley Lagomarsino

Colliers International License #01058500

Last Buyer's Agent

Bradley Lagomarsino

Colliers International License #01058500

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 3,436 Sq Ft Lot

Home Design

  • Edwardian Architecture
  • Concrete Foundation
  • Composition Roof
  • Unreinforced Masonry Building
  • Stucco

Interior Spaces

  • 11,800 Sq Ft Home
  • 4-Story Property

Flooring

  • Tile
  • Vinyl

Utilities

  • Heating Available
  • Separate Meters

Community Details

  • 27 Units
  • 10 Vacant Units

Listing and Financial Details

  • Assessor Parcel Number 0324009

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

3,436 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Architectural Style: Edwardian
  • Stories: 4
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Flooring: Tile, Vinyl
  • Price Per Square Foot: 338.64
  • Square Footage: 11800.00

Exterior Features

  • Construction Materials: Masonry Unreinforced, Stucco
  • Foundation: Concrete
  • Roof: Composition

Utilities

  • Heating: Electric

Lot Info

  • Assessor Parcel Number: 0324009
  • Lot Size Acres: 0.0789
  • Lot Size Sq Ft: 3436.00
  • Lot Size Units: SqFt
  • Price Per Acre: 50646387.83
  • Zoning: RC4

Building Info

  • Number of Units Total: 27

Multi Family

  • Number Of Units Vacant: 10
  • Gross Rent Multiplier: 9.21
  • Number of Studio Units: 27
  • Separate Meters: Electricity, Gas

MLS Schools

  • School District County: San Francisco
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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 Prior Sale
12/29/2017 12/29/17 Sold $3,996,000 0.0% $339 / Sq Ft
12/11/2017 12/11/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $3,996,000 +5.2% $339 / Sq Ft
09/25/2014 09/25/14 Sold $3,800,000 0.0% $322 / Sq Ft View Prior Sale
09/24/2014 09/24/14 Pending -- -- --
08/19/2014 08/19/14 For Sale $3,800,000 +64.3% $322 / Sq Ft
06/05/2012 06/05/12 Sold $2,312,500 0.0% $196 / Sq Ft View Prior Sale
04/13/2012 04/13/12 Pending -- -- --
02/18/2012 02/18/12 For Sale $2,312,500 -- $196 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $56,440 $4,578,122 $2,728,058 $1,818,704
2024 $56,440 $4,457,611 $2,674,567 $1,783,044
2023 $55,338 $4,370,208 $2,622,125 $1,748,083
2022 $54,252 $4,287,907 $2,570,711 $1,713,807
2021 $53,276 $4,204,123 $2,520,305 $1,683,818
2020 $54,727 $4,157,438 $2,494,463 $1,662,975
2019 $52,921 $4,075,920 $2,445,552 $1,630,368
2018 $50,590 $4,013,806 $2,408,284 $1,605,522
2017 $50,058 $3,949,570 $2,361,064 $1,588,506
2016 $33,478 $2,420,008 $1,443,327 $976,681
2015 $31,599 $2,383,875 $1,421,647 $962,228
2014 $30,822 $2,340,552 $1,393,799 $946,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 461845

San Francisco Association of REALTORS®
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