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

Sale Details

Date 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 #DRE #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

6,875 Sq Ft Lot

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

  • 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 Of2 Bedrooms Occupied: 13
  • Number of Studio Units: 11
  • Number Of Units Leased: 24
  • Number Studios Occupied: 10

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2023
Closed on
Feb 16, 2024
Sold by
Bought by
Seller's Agent
Bradley Lagomarsino
Colliers International
Buyer's Agent
Miguel Ugarte
Mid Valley Funding and Investment
List Price
$4,500,000
Sold Price
$4,475,000
Premium/Discount to List
-$25,000
-0.56%
Views
229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,132,500
Interest Rate
0.0666%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2012
Closed on
Dec 7, 2012
Sold by
Bought by
Seller's Agent
Clinton Textor
Marcus & Millichap
Buyer's Agent
Non Member Sales
Non Multiple Participant
List Price
$4,950,000
Sold Price
$4,950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.90%

Purchase Details

Closed on
Oct 31, 2009
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,475,000 Old Republic Title
$4,950,000 Old Republic Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,132,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $77,794 $6,095,316 $3,657,191 $2,438,125
2024 $75,565 $5,975,801 $3,585,482 $2,390,319
2023 $74,146 $5,858,629 $3,515,179 $2,343,450
2022 $74,129 $5,743,754 $3,446,254 $2,297,500
2021 $71,306 $5,631,132 $3,378,681 $2,252,451
2020 $72,761 $5,575,472 $3,344,037 $2,231,435
2019 $70,330 $5,466,191 $3,278,468 $2,187,723
2018 $66,946 $5,359,053 $3,214,185 $2,144,868
2017 $66,249 $5,254,015 $3,151,162 $2,102,853
2016 $65,151 $5,151,037 $3,089,375 $2,061,662
2015 $64,267 $5,073,696 $3,042,970 $2,030,726
2014 $62,588 $4,974,351 $2,983,363 $1,990,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 423914124

San Francisco Association of REALTORS®
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