NOT LISTED FOR SALE
16 Beds
1 Bath
700 Sq Ft
0.38 Acres

Last Sold April 09, 2024

Last sale price $1,173,000 $1,676 Per Sq Ft

179 Days on Market

About This Home

As of April 2024

In place 6.07% cap rate. 52-54 E 16th Street is an easy to manage, fully leased 7-unit multifamily property on an expansive 16,552 square foot lot. The property consists of two buildings, a one 4-bedroom 2-bath house and a one 6-unit building. The 6-unit building is comprised of six spacious 2-bedroom 1-bath units, all with similar floor plan and each approximately 707 square feet. All units are well maintained with recent updates. 14 on-site parking spaces. Flag lot provides private setting. The house features a generous rear yard while a storage shed hints at the potential for an additional dwelling unit (ADU) or convenient laundry room conversion. Ideal investment opportunity with upside potential, just a 6-minute drive from the Antioch BART Station.

Last Agent to Sell the Property

Louis Cornejo

Urban Group Real Estate License #01518102 Listed on: 08/25/2023

Last Buyer's Agent

Louis Cornejo

Urban Group Real Estate License #01518102 Listed on: 08/25/2023

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.38

Home Design

  • Updated or Remodeled
  • Frame Construction
  • Shingle Roof
  • Stucco

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces

Additional Features

  • 2-Story Property
  • 0.38 Acre Lot

Community Details

  • 7 Units
  • 7 Leased Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 065-183-009

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Flats
  • Property Condition: Updated/Remodeled
  • Levels: Two
  • Special Features: None
  • Stories: 0

Exterior Features

  • Construction Materials: Frame, Stucco
  • Roof: Shingle

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 14.00
  • Independent Parking Spaces: 14

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 9340

Lot Info

  • Assessor Parcel Number: 065-183-009
  • Lot Features: None
  • Lot Size Acres: 0.3800
  • Lot Size Sq Ft: 16552.00
  • Lot Size Units: SqFt
  • Price Per Acre: 3086842.11
  • Zoning: R-20

Rental Info

  • Lease Term: Written Agreements
  • Tenant Pays: Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 7

Multi Family

  • Gross Rent Multiplier: 8.85
  • Gross Income Multiplier: 11.690
  • Number Of2 Bedrooms Occupied: 6
  • Number Of4 Bedrooms Occupied: 1
  • Number Of4 Bedroom Units: 1
  • Number Of Units Leased: 7

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $1,173,000 -19.1% $1,676 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $1,450,000 0.0% $2,071 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
11/07/2023 11/07/23 Price Changed $1,450,000 0.0% $2,071 / Sq Ft
11/07/2023 11/07/23 For Sale $1,450,000 +23.6% $2,071 / Sq Ft
10/31/2023 10/31/23 Off Market $1,173,000 -- --
08/25/2023 08/25/23 For Sale $1,550,000 -- $2,214 / Sq Ft
Source: San Francisco Association of REALTORS®

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 Number: 423900421

San Francisco Association of REALTORS®