NOT LISTED FOR SALE
18 Beds
-- Bath
7,740 Sq Ft
2,997 Sq Ft Lot

Last Sold May 09, 2023

Last sale price $2,500,000 $323 Per Sq Ft

18 Days on Market

About This Home

As of May 2023

548 Steiner Street is a six-unit investment opportunity in San Francisco's famous Alamo Square neighborhood. All of the units are large three-bedroom flats of approximately 1,250+- square feet (buyer should measure to their own satisfaction). These spacious flats make excellent homes for roommates, families, or those needing extra space to work from home. They have hardwood floors, built-in cabinets, high ceilings, and plenty of room to live. There is a large garage that accommodates four cars independently. Behind the garage is a small yard for the tenants to enjoy. The garage may offer ADU potential. The soft-story retrofit was completed in 2017. All apartments are separately metered for gas and electricity. Tenants love this location as it provides easy access to a number of neighborhoods such as Hayes Valley, Divisadero corridor, Lower Haight, and many more. This offering provides a tremendous value to savvy investors as it is priced at a 5.1% cap rate and $337 per square foot and with much upside remaining.

Last Agent to Sell the Property

Adam Filly

Compass Commercial License #01354775 Listed on: 02/17/2023

Compass Commercial

Last Buyer's Agent

Allison Chapleau

Compass License #DRE #01369080

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 2,996 Sq Ft Lot

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces

Home Design

  • 7,740 Sq Ft Home
  • Bitumen Roof

Listing and Financial Details

  • Assessor Parcel Number 0827-022

Community Details

Overview

  • 6 Units

Building Details

  • 5 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

2,996 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Year Built: 1907
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 323.00
  • Square Footage: 7740.00

Exterior Features

  • Roof: Bitumen

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage
  • Total Parking Spaces: 4.00
  • Independent Parking Spaces: 4

Fee Information

  • Utilities Expenses: 9600

Lot Info

  • Assessor Parcel Number: 0827-022
  • Lot Features: None
  • Lot Size Acres: 0.0688
  • Lot Size Sq Ft: 2996.00
  • Lot Size Units: SqFt
  • Price Per Acre: 36337209.30

Building Info

  • Number of Units Total: 6

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 12.21
  • Number Of3 Bedrooms Occupied: 5
  • Number of 3 Bedroom Units: 6
  • Number Of Units Leased: 5
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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
05/09/2023 05/09/23 Sold $2,500,000 -3.8% $323 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $2,599,000 -- $336 / Sq Ft
Source: San Francisco Association of REALTORS®

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
2025 $31,175 $2,601,000 $1,820,700 $780,300
2024 $31,175 $2,550,000 $1,785,000 $765,000
2023 $15,629 $1,230,248 $642,089 $588,159
2022 $15,369 $1,206,127 $629,500 $576,627
2021 $15,102 $1,182,479 $617,158 $565,321
2020 $15,476 $1,170,806 $610,831 $559,975
2019 $14,969 $1,147,859 $598,855 $549,004
2018 $14,457 $1,125,363 $587,114 $538,249
2017 $13,996 $1,103,307 $575,602 $527,705
2016 $13,745 $1,081,685 $564,317 $517,368
2015 $13,564 $1,065,446 $555,841 $509,605
2014 $13,216 $1,044,586 $544,954 $499,632
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 423722319

San Francisco Association of REALTORS®

APN: 0827-022

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