NOT LISTED FOR SALE

506 Divisadero St San Francisco, CA 94117

Alamo Square Neighborhood

Estimated Value: $1,418,000 - $3,331,000

-- Bed
3 Baths
5,844 Sq Ft
$338/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $1,500,000 $257 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $12,615/month

14 Days on Market

About This Home

As of March 2024

This three unit Alamo Square Edwardian provides the opportunity to acquire a large investment property in a prime location with both rental upside and development potential. Each floor of the building consists of nearly 2000 sf of living space. 506 Divisadero Street is a large flat that provides an owner-user the opportunity take the existing vintage charm and renovate the kitchen and bathroom. The basement allows for the owner's to either double the square footage to unit 506 , or build brand new ADUs. The middle flat (508) has the stability of the current on-site manager and 5 individual rooms leased. The current income of $2710 provides rental upside given market rent of $5500. The top floor unit (510) will be delivered with three rooms vacant and the potential to capture another floor of occupancy by developing the pitched room attic space.

Last Agent to Sell the Property

Liam Fitzpatrick

Marina Real Estate License #02128389 Listed on: 02/02/2024

Last Buyer's Agent

Evan Matteo

Big Tree Properties, Inc. License #01734286

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,239

Year Built

  • Built in 1895

Lot Details

  • 2,780

Home Design

  • Triplex
  • A-Frame Home
  • Edwardian Architecture
  • Fixer Upper
  • Concrete Foundation
  • Shingle Roof

Interior Spaces

  • 5,844 Sq Ft Home
  • Bay Window

Additional Features

  • 2,780 Sq Ft Lot
  • Separate Meters

Community Details

  • 3 Units
  • 3 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 1203-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,239

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Subtype Description: Apartments
  • Architectural Style: A-Frame, Edwardian
  • Property Condition: Fixer
  • Year Built: 1895
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 20
  • Price Per Square Foot: 256.67
  • Square Footage: 5844.00
  • Window Features: Bay Window(s)

Exterior Features

  • Foundation: Concrete
  • Roof: Shingle

Utilities

  • Heating: Separate

Lot Info

  • Assessor Parcel Number: 1203-018
  • Lot Features: Sidewalk
  • Lot Size Acres: 0.0638
  • Lot Size Sq Ft: 2780.00
  • Lot Size Units: SqFt
  • Price Per Acre: 23510971.79

Building Info

  • Number of Units Total: 3

Rental Info

  • Units Furnished: All Units

Multi Family

  • Gross Rent Multiplier: 27.02
  • Number Of Units Leased: 3
  • Separate Meters: Common Area Meter, Electricity, Gas, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Apr 18, 2024
Sold by
Nichols Matthew
Bought by
Matthew Nichols Trust and Nichols
Seller's Agent
Liam Fitzpatrick
Marina Real Estate
Buyer's Agent
Evan Matteo
Big Tree Properties, Inc.
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%
Total Days on Market
14
Views
30
Current Estimated Value
$1,976,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,408
Avg. Annual Appreciation
25.37%
Original Mortgage
$950,000
Outstanding Balance
$937,259
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$1,039,149

Purchase Details

Listed on
Feb 2, 2024
Closed on
Mar 13, 2024
Sold by
Joseph Angelesco Revocable Living Trust
Bought by
Nichols Matthew
Seller's Agent
Liam Fitzpatrick
Marina Real Estate
Buyer's Agent
Evan Matteo
Big Tree Properties, Inc.
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$937,259
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$1,039,149

Purchase Details

Listed on
Feb 2, 2024
Closed on
Mar 12, 2024
Sold by
Nichols Catherine
Bought by
Nichols Matthew
Seller's Agent
Liam Fitzpatrick
Marina Real Estate
Buyer's Agent
Evan Matteo
Big Tree Properties, Inc.
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$937,259
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$1,039,149

Purchase Details

Closed on
Dec 28, 2010
Sold by
Angelesco Joseph J
Bought by
Angelesco Joseph J
Source: Public Records

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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

Purchase History

Date Buyer Sale Price Title Company
Matthew Nichols Trust -- None Listed On Document
Nichols Matthew $1,500,000 Old Republic Title
Nichols Matthew -- Old Republic Title
Angelesco Joseph J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matthew Nichols Trust $500,000
Open Nichols Matthew $950,000
Previous Owner Angelesco Joseph $100,000
Previous Owner Angelesco Joseph J $85,000
Previous Owner Angelesco Joseph J $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $1,500,000 -3.2% $257 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $1,550,000 -- $265 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $18,239 $1,500,000 $900,000 $600,000
2023 $3,975 $301,537 $82,039 $219,498
2022 $3,862 $295,626 $80,431 $215,195
2021 $3,801 $289,830 $78,854 $210,976
2020 $3,910 $286,859 $78,046 $208,813
2019 $3,812 $281,235 $76,516 $204,719
2018 $3,690 $275,721 $75,016 $200,705
2017 $3,651 $270,316 $73,546 $196,770
2016 $3,564 $265,016 $72,104 $192,912
2015 $3,767 $261,036 $71,021 $190,015
2014 $3,677 $255,923 $69,630 $186,293
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Liam Fitzpatrick

    Marina Real Estate

    (415) 359-2400

    Section Image
  • Evan Matteo

    Buyer's Agent in 2024

    Evan Matteo

    Big Tree Properties, Inc.

    (415) 305-4931

    1 in this area

    13 Total Sales

    Evan Matteo
    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424006574

San Francisco Association of REALTORS® MLS

APN: 1203-018

California San Francisco County San Francisco 94117 Alamo Square

506 Divisadero St, San Francisco, CA

This home is located at 506 Divisadero St, San Francisco, CA 94117 since 02 February 2024 and is currently estimated at $1,976,408, approximately $338 per square foot. This property was built in 1895. 506 Divisadero St is a home located in San Francisco County with nearby schools including Muir (John) Elementary School, James Lick Middle School, and Creative Arts Charter School.

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