NOT LISTED FOR SALE
9 Beds
-- Bath
6,314 Sq Ft
2,250 Sq Ft Lot

Last Sold December 29, 2023

Last sale price $2,800,000 $443 Per Sq Ft

120 Days on Market

Highlights

  • Corner Lot
  • New Traditions Elementary School Rated A
  • 4 Car Garage

About This Home

As of December 2023

Introducing 654 Central Ave, a stunning 7-Unit apartment building that is sure to be a trophy acquisition in any investor's portfolio. Located in the highly desirable NOPA neighborhood of San Francisco, representing high demand and stable rental income with minimal vacancy rates. The building's unit mix consists of three spacious two-bedroom units, three one-bedroom flats, one studio ground-floor apartment, and four individual car garages totaling 6,314 Sq. Ft. The property has consistently been cared for, and units have been freshened, boasting amenities such as washer/dryer and dishwasher's. The building has also had its soft story retrofit completed, complete exterior paint, and consistent maintenance. With substantial rental income and currently fully occupied, this is a stable asset (with additional upside) that fits perfectly into an investment portfolio. Residents' offerings are boundless in NOPA, from its quaint boutiques, delightful eateries, and vibrant bars, like The Emporium, Nopa, The Mill, Che Fico, Fool's Errand, and Nopalito. Additionally, relish moments of tranquility in the lush embrace of nearby parks such as The Panhandle, Golden Gate, Buena Vista, and Alamo Square. Your options for leisure and delight are abundant.

Last Agent to Sell the Property

John Orr

Vanguard Properties License #01963171 Listed on: 08/28/2023

Vanguard Properties

Co-Listed By

Gilbert Dair

Vanguard Properties License #01329409

Last Buyer's Agent

George Sudol

Bay Area Realty Services License #01278414

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 2,250 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 6,314 Sq Ft Home
  • 4-Story Property

Community Details

  • 7 Units
  • 7 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 1185-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

0

Listing Details

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

Interior Features

  • Price Per Square Foot: 443.46
  • Square Footage: 6314.00

Garage/Parking

  • Parking Features: Garage, Interior Access
  • Total Parking Spaces: 4.00

Lot Info

  • Assessor Parcel Number: 1185-025
  • Lot Features: Corner
  • Lot Size Acres: 0.0517
  • Lot Size Sq Ft: 2250.00
  • Lot Size Units: SqFt
  • Price Per Acre: 54158607.35

Building Info

  • Number of Units Total: 7

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 12.84
  • 1 Bedroom Rent Range: $1,317 - 3,511
  • Number Of1 Bedrooms Occupied: 3
  • Number Of2 Bedrooms Occupied: 3
  • Number of Studio Units: 1
  • Number Of Units Leased: 7
  • Number Studios Occupied: 1
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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 Prior Sale
12/29/2023 12/29/23 Sold $2,800,000 -5.1% $443 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
10/22/2023 10/22/23 Price Changed $2,950,000 -9.2% $467 / Sq Ft
08/28/2023 08/28/23 For Sale $3,250,000 +26.2% $515 / Sq Ft
06/28/2013 06/28/13 Sold $2,575,000 0.0% $408 / Sq Ft View Prior Sale
05/15/2013 05/15/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $2,575,000 -- $408 / 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 $34,415 $2,863,840 $1,999,200 $856,800
2024 $34,415 $2,805,000 $1,960,000 $840,000
2023 $37,341 $3,052,789 $2,133,454 $914,335
2022 $36,612 $2,993,029 $2,091,622 $896,407
2021 $35,977 $2,934,441 $2,050,610 $883,831
2020 $36,411 $2,900,424 $2,029,584 $870,840
2019 $35,183 $2,843,574 $1,989,789 $853,785
2018 $33,987 $2,787,839 $1,950,774 $837,065
2017 $33,295 $2,733,196 $1,912,524 $820,672
2016 $18,607 $1,478,304 $887,453 $590,851
2015 $18,362 $1,456,115 $874,123 $581,992
2014 $17,767 $1,427,613 $857,001 $570,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 423900362

San Francisco Association of REALTORS®