NOT LISTED FOR SALE
8 Beds
-- Baths
6,060 Sq Ft
4,996 Sq Ft Lot

Sale Details

Date Sold: March 14, 2025

Last sale price $2,200,000 $363 Per Sq Ft

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 #DRE #01971831 Listed on: 02/14/2025

Compass

Last Buyer's Agent

Adam Filly

Compass Commercial License #DRE #01354775

Compass Commercial
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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

4,996 Sq Ft Lot

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

  • 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 Units Leased: 8

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
Feb 14, 2025
Closed on
Mar 11, 2025
Sold by
4325 Balboa Street Llc
Bought by
Seller's Agent
Jonathan Ng
Compass
Buyer's Agent
Adam Filly
Compass Commercial
List Price
$2,500,000
Sold Price
$2,200,000
Premium/Discount to List
-$300,000
-12%
Views
14

Purchase Details

Closed on
Oct 3, 2024
Sold by
Chiu-Yee Ellen and Chiu Ellen Wah
Bought by
4325 Balboa Street Llc

Purchase Details

Closed on
Jul 24, 2024
Sold by
Chiu-Yee Ellen and Thomas Ong Szeto
Bought by
Chiu Ellen Wah and Yee Nicholas Ryan

Purchase Details

Closed on
Jul 1, 2015
Sold by
Thomas & Betty Szeto Enterprise Llc
Bought by
Szeto Thomas Ong and Revoc Betty Ong Szeto

Purchase Details

Closed on
Jul 28, 2004
Sold by
Szeto Thomas Ong and Szeto Betty Ong
Bought by
Thomas & Betty Szeto Enterprise Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Old Republic Title
4325 Balboa Street Llc -- None Listed On Document
Chiu Ellen Wah -- None Listed On Document
Szeto Thomas Ong -- None Available
Thomas & Betty Szeto Enterprise Llc -- --
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
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®

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 $5,581 $370,239 $147,139 $220,616
2024 $5,581 $363,377 $144,254 $216,291
2023 $5,361 $356,619 $141,426 $212,050
2022 $5,168 $346,651 $138,653 $207,893
2021 $5,099 $339,902 $135,935 $203,967
2020 $5,541 $336,745 $134,542 $202,203
2019 $5,381 $330,152 $131,904 $198,248
2018 $5,187 $323,689 $129,318 $194,371
2017 $4,872 $317,353 $126,783 $190,570
2016 $4,739 $311,141 $124,298 $186,843
2015 $4,645 $306,475 $122,431 $184,044
2014 $4,533 $300,482 $120,033 $180,449
Source: Public Records

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 425011282

San Francisco Association of REALTORS®
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