NOT LISTED FOR SALE

538 3rd Ave San Francisco, CA 94118

Inner Richmond Neighborhood
10 Beds
1 Bath
4,328 Sq Ft
2,996 Sq Ft Lot

Last Sold September 22, 2022

Last sale price $2,600,000 $601 Per Sq Ft

6 Days on Market

Highlights

  • 6 Car Garage
  • Coin Laundry
  • 4-minute walk to Angelo J. Rossi Park
  • New Traditions Elementary School Rated A

About This Home

As of September 2022

538 3rd Avenue is a six-unit apartment building in the Inner Richmond. Constructed in 1964, the building consists of 4 two-bedrooms and 2 one-bedrooms. The garage and pad at the rear of the building accommodate parking for six cars. The apartments are separately metered for gas and electricity, keeping operating expenses low. Three of the units will be delivered vacant at close of escrow, allowing a new owner to perform upgrades and select tenants at their discretion. The property is compliant with the San Francisco Soft-Story Ordinance. Many of the windows have been upgraded to double pane windows over the years. Overall the property has been maintained to a high standard.Priced to sell at 13.8 GRM & 4.8% Cap Rate!

Last Agent to Sell the Property

Adam Filly

Compass Commercial License #01354775 Listed on: 07/15/2022

Compass Commercial

Last Buyer's Agent

Timothy Warren

NAI Northern California License #02008347

NAI Northern California

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 2,996 Sq Ft Lot

Home Design

  • 4,328 Sq Ft Home
  • Bitumen Roof

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 1545-041

Community Details

Building Details

  • 3 Leased Units
  • 3 Vacant Units

Additional Features

  • 6 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

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: 1964
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 22
  • Laundry Features: Coin Operated
  • Price Per Square Foot: 600.74
  • Square Footage: 4328.00

Exterior Features

  • Roof: Bitumen

Garage/Parking

  • Parking Features: Garage, Uncovered
  • Total Parking Spaces: 6.00
  • Independent Parking Spaces: 6

Utilities

  • Heating: Wall Furnace

Fee Information

  • Utilities Expenses: 7369

Lot Info

  • Assessor Parcel Number: 1545-041
  • Lot Features: None
  • Lot Size Acres: 0.0688
  • Lot Size Sq Ft: 2996.00
  • Lot Size Units: SqFt
  • Price Per Acre: 37790697.67

Building Info

  • Number of Units Total: 6

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 3
  • Gross Rent Multiplier: 13.60
  • Number Of1 Bedrooms Occupied: 1
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 2
  • Number of 2 Bedroom Units: 4
  • Number Of Units Leased: 3
  • Separate Meters: Electricity, Gas
  • Total Number Owner Occupied: 1

Range of Values:

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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 Change Sq Ft Price
09/22/2022 09/22/22 Sold $2,600,000 -1.9% $601 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $2,650,000 -- $612 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Filly

    Seller's Agent in 2022

    Adam Filly

    Compass Commercial

    (415) 516-9843

    5 in this area

    94 Total Sales

    Adam Filly
    Section Image
  • Timothy Warren

    Buyer's Agent in 2022

    Timothy Warren

    NAI Northern California

    (510) 336-4719

    1 in this area

    37 Total Sales

    Timothy Warren
    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 422679079

San Francisco Association of REALTORS® MLS

California San Francisco County San Francisco 94118 Inner Richmond

538 3rd Ave, San Francisco, CA

This home is located at 538 3rd Ave, San Francisco, CA 94118 since 15 July 2022. This property was built in 1964. 538 3rd Ave is a home located in San Francisco County with nearby schools including New Traditions Elementary School, Roosevelt Middle School, and Stratford School - San Francisco 14th Avenue.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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