$2,200,000
SOLD MAR 14, 2025
8 Beds
-- Bath
6,060 Sq Ft
4,996 Sq Ft Lot

Recently Sold

$363 Per Sq Ft

12% Below List Price

14 Days on Market

About This Home

As of March 2025

Presenting a rare opportunity to acquire an 8-unit residential income property, nestled in an excellent location within the Outer Richmond, offered for sale for the first time in almost 40 years. This desirable property consists of 6,060 approx. building sq. ft. on a 4,996 approx. lot, featuring all 1 Bedroom / 1 Bath units, 100% occupied, 1:1 parking, and with tremendous upside potential. 4325 Balboa Street Apartments features a seismic upgrade completed in 2016, new roof in 2019 with new flashings / resealed in 2024, new fire alarm system in 2023, and new exterior paint in 2025. There are 8 of 8 fully residential units fully occupied, 1 unit was recently updated in 2022, leaving 7 units for upside potential. Transportation is a breeze with multiple bus lines and major thoroughfares in close proximity, allowing for easy commuting and access to all corners of the city. Additionally, the property is conveniently located near excellent schools, parks, and recreational facilities. Don't miss this gem of an opportunity to own this fully occupied 8 unit apartment with incredible potential for upside.

Last Agent to Sell the Property

Jonathan Ng

Compass License #01971831 Listed on: 02/14/2025

Compass

Last Buyer's Agent

Adam Filly

Compass Commercial License #01354775

Compass Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,996 Sq Ft Lot

Parking

  • 8 Covered Spaces

Home Design

  • 6,060 Sq Ft Home

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Community Details

  • 8 Units
  • Coin Laundry
  • 8 Leased Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, rent only
  • Assessor Parcel Number 1600-047

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Varies By Unit
  • Year Built: 1958
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 24
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 363.04
  • Square Footage: 6060.00

Garage/Parking

  • Covered Parking Spaces: 8.00

Utilities

  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Alarm, Fire Extinguisher, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 23627

Lot Info

  • Assessor Parcel Number: 1600-047
  • Lot Features: None
  • Lot Size Acres: 0.1147
  • Lot Size Sq Ft: 4996.00
  • Lot Size Units: SqFt
  • Price Per Acre: 19180470.79

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Cable TV, Electricity, Gas, Rent Only
  • Units Furnished: None

Building Info

  • Number of Units Total: 8

Multi Family

  • Gross Rent Multiplier: 11.27
  • Number Of1 Bedrooms Occupied: 8
  • Number of 1 Bedroom Units: 8
  • Number Of Units Leased: 8

Range of Values:

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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
03/14/2025 03/14/25 Sold $2,200,000 -12.0% $363 / Sq Ft
02/28/2025 02/28/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $2,500,000 -- $413 / 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: 425011282

San Francisco Association of REALTORS® MLS