$1,180,000
SOLD DEC 3, 2024
5 Beds
3 Baths
1,875 Sq Ft
2,496 Sq Ft Lot

Recently Sold

$629 Per Sq Ft

16% Below List Price

87 Days on Market

Highlights

  • Fireplace
  • Floor Furnace
  • Security Fence
  • McKinley Elementary School Rated A
  • Washer and Dryer

About This Home

As of December 2024

Welcome to this fantastic investment opportunity in the coveted Corona Heights neighborhood of San Francisco. This three-unit building offers a prime location and excellent rental income potential. Each unit is currently tenant occupied, providing immediate cash flow for the savvy investor. Renovated in 2014, the property consists of two 2-bed, 1-bath units and one 1-bed, 1-bath units. Behind a gated security door is a brand new in-building washer and dryer. A few more steps open up to a lush garden escape in the back with expansive views of the city. Situated in the heart of Corona Heights, residents enjoy easy access to the vibrant Castro District, Duboce Triangle, and the Mission. Nearby Corona Heights Park offers stunning city views and a peaceful retreat from urban living. This property presents an ideal opportunity for investors seeking a stable income stream in one of San Francisco's most desirable neighborhoods. Don't miss out on this chance to own a piece of San Francisco real estate.

Last Agent to Sell the Property

Daniel Gamba

Compass License #02203029 Listed on: 08/05/2024

Compass

Last Buyer's Agent

Yiyang Cheng

FlyHomes, Inc License #02160578

Property Details

Home Type

  • Multi-Family

Year Built

  • 1908

Lot Details

  • 2,496 Sq Ft Lot
  • Security Fence

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,875 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Fire and Smoke Detector
  • Washer and Dryer

Utilities

  • Floor Furnace

Listing and Financial Details

  • Total Actual Rent $74,145
  • 6 to 10 Year Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $400
  • Insurance Expense $1,743
  • Maintenance Expense $1,000
  • Other Expense $271
  • Utility Expense $2,992
  • Trash Expense $2,472
  • Operating Expense $14,737
  • Gross Income $74,625

Property Details

Home Type

Multi-Family

Year Built

1908

Lot Details

0

Listing Details

  • Zoning: RH2
  • Subclass: Triplex
  • Age: 116
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1908

Interior Features

  • Living Sq Ft: 1875
  • Stories: 3
  • Security: Fire Alarm, Security Fence
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Brick, Concrete Block, Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: No Parking

Utilities

  • Heating System: Fireplace, Floor Furnace
  • Sewer/Septic System: Unknown

Schools

  • School District: San Francisco Unified

Lot Info

  • Lot Acres: 0.0573
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2495.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2495.00

Rental Info

  • Existing Lease Term(s): 11-15 Years Lease, 3 Years Lease, 6-10 Years Lease, Lease Agreement - Written
  • Gross Rent Multiplier: 16.75
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1743
  • Expense Landscape: 400
  • Expense Maintenance: 1000
  • Expenses Other: 271
  • Expenses Total: 14737
  • Expenses Utility: 2992
  • Expense Trash: 2472
  • Income Annual Gross: 74625.00
  • Income Annual Rental: 74145
  • Income Gross Scheduled: 74625
  • Income Includes: Laundry, Rents
  • Income Other: 480
  • Meters: Separate Common Area, Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Trash Removal, Utilities
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas

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Range of Values:

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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
12/03/2024 12/03/24 Sold $1,180,000 -5.6% $629 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
09/09/2024 09/09/24 Price Changed $1,250,000 -10.7% $667 / Sq Ft
08/05/2024 08/05/24 For Sale $1,399,000 -- $746 / 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: ML81975653

MLSListings