NOT LISTED FOR SALE
14 Beds
-- Bath
18,750 Sq Ft
6,875 Sq Ft Lot

Last Sold February 23, 2024

Last sale price $4,475,000 $239 Per Sq Ft

99 Days on Market

About This Home

As of February 2024

Rare opportunity to acquire a stabilized asset at a 6.47% cap rate and $261 per sq ft. Unit mix 11-studios, 14-one bedrooms and 11-car parking (updated studios & one bedrooms boast classic detail, hardwood floors, bay windows & well appointed kitchens & baths). Abundant restaurant and shopping options in the areas of Union Square, Polk St, Civic Cente & short walk to the Central Business District'. Public transit (Bart & Muni) at Powell & Civic Center/UN Plaza station. Substantial income upside potential through unit turnover and renovation

Last Agent to Sell the Property

Bradley Lagomarsino

Colliers International License #01058500 Listed on: 10/03/2023

Last Buyer's Agent

Miguel Ugarte

Mid Valley Funding and Investment License #01836077

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,875 Sq Ft Lot

Parking

  • 11 Car Garage

Home Design

  • 18,750 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 0321-007

Community Details

Overview

  • 25 Units

Building Details

  • 24 Leased Units
  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Year Built: 1923
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 60
  • Price Per Square Foot: 238.67
  • Square Footage: 18750.00

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 11.00

Lot Info

  • Assessor Parcel Number: 0321-007
  • Lot Features: Sidewalk
  • Lot Size Acres: 0.1578
  • Lot Size Sq Ft: 6875.00
  • Lot Size Units: SqFt
  • Price Per Acre: 28358681.88
  • Zoning: RC-4

Building Info

  • Number of Units Total: 25

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 2
  • Gross Rent Multiplier: 7.46
  • Number of 1 Bedroom Units: 14
  • Number Of2 Bedrooms Occupied: 13
  • Number of Studio Units: 11
  • Number Of Units Leased: 24
  • Number Studios Occupied: 10

Range of Values:

Collateral Analytics

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ICE

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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 Change Sq Ft Price
02/23/2024 02/23/24 Sold $4,475,000 -0.6% $239 / Sq Ft
10/03/2023 10/03/23 For Sale $4,500,000 -9.1% $240 / Sq Ft
12/21/2012 12/21/12 Sold $4,950,000 0.0% $264 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
09/27/2012 09/27/12 For Sale $4,950,000 -- $264 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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

MLS Number: 423914124

San Francisco Association of REALTORS® MLS